Financial Insights

Swiggy will invest US$700 million in express grocery service Instamart

Food delivery platform Swiggy on Thursday said it will invest USD 700million (about Rs 5,250 crore) in its express grocery delivery service Instamart.

Swiggy Instamart – launched in Gurugram and Bengaluru last year – is now available across 18 cities and handles over one million orders per week.

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