The already booming e-commerce segment in India was further accelerated by the novel coronavirus pandemic. And the lockdowns led to the rapid growth of the web pro community. Several questions need to be answered to ensure everyone has proper guidance to grow and make their mark in the highly competitive ecosystem.
Swiggy looking to invest $700 M in Instamart; set to reach an annualised GMV of $1 billion.
Bengaluru-based foodtech unicorn Swiggyhas stated it will be investing $700 million in its instant grocery delivery service Instamart. Launched in August 2020 in Gurugram and Bengaluru, Instamart is present across 18 cities, and conducts over 1 million orders in a week.