Swiggy
Acquisitions
3
Major Deals Covered
$120M
Disclosed Deal Value
Swiggy's largest disclosed acquisition here is Dineout for $120M in 2022. This page covers 3 major deals from 2018 to 2022, each with its price where disclosed and the reason behind it.
| Company | Year | Price | Purpose |
|---|---|---|---|
| Dineout | 2022 | $120.0M | Acquired dining-out and restaurant table reservation platform Dineout from Times Internet in an all-stock transaction. |
| Supr Daily | 2018 | Undisclosed | Acquired subscription-based milk and grocery delivery startup Supr Daily to pioneer early-morning essential deliveries. |
| Scootsy | 2018 | Undisclosed | Acquired Mumbai-based premium food, gourmet grocery, and lifestyle delivery service Scootsy. |
2022
$120M
Acquired dining-out and restaurant table reservation platform Dineout from Times Internet in an all-stock transaction.
Gave Swiggy access to over 50,000 partner restaurants across 20 cities, expanding into bill payments and table reservations.
Integrated Dineout directly into Swiggy, providing competitive parity with Zomato's dining-out business and boosting Swiggy One subscriptions.
2018
Acquired subscription-based milk and grocery delivery startup Supr Daily to pioneer early-morning essential deliveries.
Enabled Swiggy to experiment with scheduled daily grocery replenishment models across top Indian metropolitan areas.
Provided key logistical and routing insights that later helped Swiggy scale its ultra-fast Instamart quick-commerce platform.
2018
Acquired Mumbai-based premium food, gourmet grocery, and lifestyle delivery service Scootsy.
Strengthened Swiggy's curated restaurant partnerships and high-average-order-value delivery capabilities in Mumbai.
Expanded Swiggy's footprint among luxury dining establishments and validated high-ticket hyperlocal delivery.
Swiggy's growth strategy centers on three engines: driving wallet share through the Swiggy One membership across food and grocery; scaling dark store density to reduce delivery times to under 10 minutes; and expanding high-margin enterprise advertising for consumer packaged goods.
Swiggy operates a multi-engine hyperlocal marketplace and on-demand logistics aggregation business model spanning food delivery, quick commerce, dining discovery, and consumer courier services. Its core revenue streams include: restaurant commission fees ranging from 15% to 28% on every food delivery order; direct consumer fees comprising delivery fees, surge pricing, and per-order platform handling fees; Instamart quick commerce trading margins earned by purchasing FMCG goods, fresh produce, and electronics wholesale and distributing them via dark stores in 10 to 15 minutes; retail media advertising fees charged to restaurant partners and FMCG brands for sponsored in-app search listings; transaction take-rates on table bookings and bill settlements via Swiggy Dineout; on-demand courier fees from Swiggy Genie; and recurring subscription revenue generated by the high-retention Swiggy One membership program offering free deliveries and exclusive dining discounts.
In May 2022, Swiggy acquired restaurant tech and dining-out platform Dineout from Times Internet in an all-stock transaction valued at approximately $120 million. The deal brought Dineout's network of over 50,000 restaurant partners and millions of diners directly into the Swiggy ecosystem.
In August 2018, Swiggy acquired Mumbai-based premium delivery service Scootsy for approximately ₹50 crore ($7 million USD). The acquisition gave Swiggy exclusive delivery contracts with Mumbai's top gourmet restaurants, luxury bakeries, and high-end retail boutiques.
In 2018, Swiggy acquired Mumbai-based Supr Daily, an early-morning milk and grocery subscription service. After scaling it to several cities, Swiggy integrated Supr Daily's logistics infrastructure into Instamart in 2022 to eliminate redundant delivery overhead.
In February 2019, Swiggy acquired Bengaluru-based artificial intelligence and computer vision startup Kint.io. The acquisition brought elite machine learning researchers to Swiggy to automate food image recognition, menu digitization, and object sorting in dark stores.
Yes, in 2021, Swiggy led an investment round in Lynkit, an IoT-powered supply chain platform that provides freight tracking, temperature-controlled monitoring, and automated fleet telematics across India.
By accepting Swiggy equity shares as consideration for selling Dineout in 2022, Times Internet became a notable strategic shareholder in Swiggy, capturing substantial capital appreciation when Swiggy went public in November 2024.
In April 2022, Swiggy led a $180 million Series D financing round in Rapido, India's leading two-wheeler bike taxi aggregator. The strategic investment enabled synergies in cross-utilizing bike riders between passenger commutes and peak-hour food delivery.
Swiggy prioritizes acquisitions that provide localized dark store real estate, specialized cold-chain infrastructure, proprietary warehouse automation software, or access to high-margin niche retail categories like pharmaceuticals and cosmetics.
Swiggy initially explored investing in and incubating private cloud kitchen brands (such as The Bowl Company and Homely). However, to avoid competing with its own restaurant partners, Swiggy shifted away from proprietary food brands toward neutral delivery infrastructure.
Swiggy has executed multiple targeted acqui-hires of boutique engineering startups in data science, geospatial mapping, and automated logistics routing to strengthen its core dispatch and machine learning teams in Bengaluru.
While Zomato acquired standalone rival Blinkit (formerly Grofers) for $570 million in 2022, Swiggy chose to build its quick commerce champion Instamart organically in-house from scratch, using M&A primarily for adjacent offerings like Dineout.
Armed with over ₹8,000 crore in post-IPO cash reserves, Swiggy is evaluating strategic investments in warehouse robotics, automated micro-fulfillment systems, and B2B wholesale supply chain infrastructure to power Instamart's next phase of growth.
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