Swiggy to Invest Another INR75cr to Expand Its Cloud Kitchen, Zomato Denies Merger Talk With Swiggy

Swiggy bets big on its cloud kitchen. 

 

FOOD-TECH

Swiggy to invest another INR75cr to expand its cloud kitchen.

Dibs on Food: Bangalore-based food-delivery platform Swiggy is set to invest another INR75cr in the next six months to expand its cloud kitchen. 

 

Swiggy at present services around 1.5 million orders a month from over 1000 cloud kitchens in 14 cities through ‘Swiggy Access’ that allows restaurants to host delivery-only kitchens in new geographies where they don’t operate. Launched in November 2017, Swiggy Access aims to create new avenues of supply - restaurants, cuisines, and kitchens - in hyperlocal zones within a city where demand outpaces existing supply of restaurants.

 

Swiggy believes that India could emerge as the second-highest number of cloud kitchens after China in the coming years, said Vishal Bhatia, CEO of New Supply business at Swiggy. TechCrunch

Zomato denies merger talk with Swiggy.

Blasphemy!: Food discovery and delivery platform, Zomato has denied merger talks with Swiggy. 

 

"We have tremendous focus on our business metrics and have seen great success in our goal towards profitability. We are not in talks with anyone for a merger or acquisition," said Zomato. 

 

News of Zomato-Swiggy had first surfaced in 2017. Inc42

FIN.

(Don't want to miss out on these End Of Day Wrap Ups? Subscribe Now to our WhatsApp Feed and get the day's Top Business stories straight on your favourite messaging app.)