TIWN
New Delhi, Aug 11 (TIWN) Online artisanal brand for crafts and lifestyle-based products, Tjori, has received investment that has crossed $1 million with the latest funding of $700,000, a statement from the company said on Sunday.
The investment will help the platform scale up Supr, which already processes one lakh orders a day across six cities, 70% of which is based on delivering milk, the report said. Swiggy acquired Mumbai-based SuprDaily in August 2018, and plans to scale it up as part of its expansion into delivering essentials, apart from Swiggy Stores which will deliver medicines and grocery as part of its hyper-local play. Swiggy has added multiple business lines for fleet and capacity utilisation as it looks to raise additional funding at a valuation of $4.5 billion, according to reports.
- IMF expects India to rev up global growth as China falters, backs Modi government's economic policies
- realme set to shake up market: Launching fastest entry-level 5G smartphone 'C65' under Rs 10k
- India's industrial production accelerates to 5.7pc in Feb
- India records 17 pc jump to become 4th largest exporter of digital services: WTO report
- 300 pc rise in market cap to Rs 400 lakh crore in last 10 years driven by strong economic fundamentals