Food and grocery delivery major Swiggy launched a second grocery business called Handpicked. The foodtech company is currently conducting a pilot in Bengaluru.
For the time being, it is an invite-only platform that offers premium products that are either imported or made locally. The products listed on Handpicked will only be delivered the next day, as opposed to its regular grocery delivery service Instamart, which takes anywhere from ten to fifty minutes, depending on the city. Handpicked is being launched as the company’s net loss increased 2.2X to INR 3,628.9 Cr in FY22 from INR 1,616.9 Cr in FY21.
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Food and grocery delivery major Swiggy launched a second grocery business called Handpicked. The foodtech company is currently conducting a pilot in Bengaluru.
For the time being, it is an invite-only platform that offers premium products that are either imported or made locally. The products listed on Handpicked will only be delivered the next day, as opposed to its regular grocery delivery service Instamart, which takes anywhere from ten to fifty minutes, depending on the city. Handpicked is being launched as the company’s net loss increased 2.2X to INR 3,628.9 Cr in FY22 from INR 1,616.9 Cr in FY21.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
