Swiggy to invest $700 million in Instamart

Food delivery company, Swiggy will invest $700 million in its quick commerce business, Instamart. Instamart, a feature on the main Swiggy app, allows users to order groceries from the company’s dark stores and the products are delivered quickly within an hour in most cases. It competes with similar startups such as Dunzo. https://ift.tt/3GdeEN3