New Delhi: Food Delivery Company, Swiggy will invest $700 million in its accelerated commerce business, instamart,
Instamart, a feature on Main swiggy app, allows users to order groceries from the company’s dark stores and have the products delivered quickly within an hour in most cases. It competes with similar startups such as Dunzo,
Dark Store is a warehouse operated by an e-commerce company.
“On our current growth path, Instamart is poised to reach an annual GMV run rate of $1 billion over the next three quarters. With our food delivery business at $3 billion annual GMV run rate, and Instamart’s super-charged growth, we are very excited to bring our convenience mission to life in a much bigger way,” said Sriharsha Mazetti, CEO, Swiggy.
Launched in 2020 in Gurugram and Bangalore, swiggy instamart Now available in 18 cities, and ordering over a million orders per week.
In the last few months, swiggy instamart Every day one joins the dark store run by more than one seller.
By January 2022, it will deliver in 15 minutes, keeping its network of dark stores very close to most of its customers.
Instamart, a feature on Main swiggy app, allows users to order groceries from the company’s dark stores and have the products delivered quickly within an hour in most cases. It competes with similar startups such as Dunzo,
Dark Store is a warehouse operated by an e-commerce company.
“On our current growth path, Instamart is poised to reach an annual GMV run rate of $1 billion over the next three quarters. With our food delivery business at $3 billion annual GMV run rate, and Instamart’s super-charged growth, we are very excited to bring our convenience mission to life in a much bigger way,” said Sriharsha Mazetti, CEO, Swiggy.
Launched in 2020 in Gurugram and Bangalore, swiggy instamart Now available in 18 cities, and ordering over a million orders per week.
In the last few months, swiggy instamart Every day one joins the dark store run by more than one seller.
By January 2022, it will deliver in 15 minutes, keeping its network of dark stores very close to most of its customers.
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