wordpress blog stats
Connect with us

Hi, what are you looking for?

Scootsy raises $3.6 million funding from Angus Capital and Khattar Holdings

Mumbai-based Scootsy, which provides a local discovery and delivery service, has raised a $3.6 million round of funding led by Angus Capital and Khattar Holdings. AntFarm, Scootsy’s incubator, has also participated in this investment round. It will use the funds of the new round to improve customer experience by strengthening its logistics, technologies and delivery platform.

It will launch Scootsy Pop-Up, a kitchen and distribution platform that will be available to brands from across the country. Scootsy will also start a service that will deliver food to corporate offices across the city within minutes. At the moment, the company competes with Runnr which is focused on the business-to-business segment. In the Delhi-NCR region, Jugnoo offers hyperlocal services. There is also Shadowfax which raised $8.5 million in a Series A round of funding in 2015.

Scootsy now has a customer base of over 200,000 since its launch July 2015. The company claims that it has average order size of above Rs 900. Its clients in Mumbai The Bombay Canteen, and The Table in the food segment, and with Hamleys, Nicobar design studios, Condé Nast magazines, and salon chain JeanClaude Biguine. It had entered into an exclusive partnership with India Book Distributions (IBD) to deliver books in 60 minutes to some parts of Mumbai in 2015.

Scootsy is also on Google’s Areo which aggregates hyperlocal services in Bangalore and Mumbai, as indicated by this Economic Times report. The company  also provides late-night food delivery services till 3 am.

AntFarm had acquired the food delivery service Meals on Wheels for an undisclosed amount in November 2014.  Meals on Wheels was rebranded as Scootsy in 2015 and added items other than food.

You May Also Like

News

The Indian government has amended the internet shutdown rules, formally known as the Temporary Suspension of Telecom Services Rules, to restrict the validity of...

News

Mobile number porting requests increased by 28.7% to 7.53 million requests in July 2020, compared to 5.85 million porting requests reported in June 2020....

News

While Reliance Jio added 2.5 million active connections in July, Vi, formerly Vodafone Idea (down 3.8 million) and Airtel (down 0.45 million) saw declines....

News

Rajasthan suspended internet in four districts — Dungarpur, Udaipur, Banswara and Pratapgarh — on Saturday after violent protests erupted in Dungarpur district on Thursday...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ