Last month, Bengaluru-based online food delivery company, Swiggy, acquired a small milk delivery start-up in Mumbai and Inventus Law’s client called SuprDaily. This was an all-cash deal, according to two persons with knowledge of Swiggy’s operations. They say that in the next six months, Swiggy plans to open 50 ‘dark pods’ across the country.
Dark pods are physical stores or warehouses which will be accessible only to Swiggy staff and which will host groceries, pharmacies, and cloud kitchens.
These two seemingly disconnected developments in Swiggy’s business story are, in fact, related. They are the first step towards its ultimate goal to evolve from a company that allows customers to order food and beverages online from restaurants and neighbourhood eateries into a concierge company. To continue reading the full story, click here.