Technology
Swiggy invests Rs 175 cr to set up 1,000 cloud kitchen in India
New Delhi, Nov 20
Food delivery major Swiggy on Wednesday said it has invested Rs 175 crore over a period of two years to set up over 1,000 cloud kitchens across 14 cities for its restaurant partners through its "Swiggy Access" initiative.
Swiggy said it will invest an additional Rs 75 crore to bring more partner cloud kitchens in 12 new cities by March 2020.
The Swiggy Access initiative enables restaurant partners to expand to more locations both within their city and across new cities through cloud kitchens.
Swiggy said it has invested in over a million square feet of real estate space across 14 cities to help large, medium and small restaurant partners expand to more locations.
"With the massive growth in online food ordering over the last 2-3 years, India has leapfrogged the widespread in-restaurant dining culture that was prevalent in many international markets. Swiggy has always maintained that cloud kitchens will be the future of food delivery," Vishal Bhatia, CEO, New Supply, Swiggy, said in a statement.
"Very soon, India will have the second-highest number of cloud kitchens in the world, only next to China," Bhatia said.
This announcement comes a few days after Swiggy CEO, Sriharsha Majety spoke about the company making significant investments in "pods" to solve for the supply gaps in the country.
Pods house the cloud kitchens of restaurant partners on Swiggy Access.
Majety also spoke about how Swiggy will scale up these pods to be within a 10-minute reach of 99 per cent of its consumers.
"Swiggy Access has helped grow restaurant businesses, deliver unmatched customer experience and created employment opportunities in metros as well as tier 2 and 3 cities," Bhatia said.
"Over the last two years, Swiggy has invested over Rs 175 crores towards setting up and running these kitchens. This success has encouraged us to invest an additional Rs 75 crore to bring more partner cloud kitchens in 12 new cities by March 2020," he added.
Swiggy has created over 8,000 direct and indirect jobs in the restaurant industry through its cloud kitchen initiatives over the last two years.
After achieving this milestone of setting up 1000 partner cloud kitchens, Swiggy said it is set to add another 7,000 direct and indirect jobs in the restaurant industry in the next six months.
Swiggy said it will invest an additional Rs 75 crore to bring more partner cloud kitchens in 12 new cities by March 2020.
The Swiggy Access initiative enables restaurant partners to expand to more locations both within their city and across new cities through cloud kitchens.
Swiggy said it has invested in over a million square feet of real estate space across 14 cities to help large, medium and small restaurant partners expand to more locations.
"With the massive growth in online food ordering over the last 2-3 years, India has leapfrogged the widespread in-restaurant dining culture that was prevalent in many international markets. Swiggy has always maintained that cloud kitchens will be the future of food delivery," Vishal Bhatia, CEO, New Supply, Swiggy, said in a statement.
"Very soon, India will have the second-highest number of cloud kitchens in the world, only next to China," Bhatia said.
This announcement comes a few days after Swiggy CEO, Sriharsha Majety spoke about the company making significant investments in "pods" to solve for the supply gaps in the country.
Pods house the cloud kitchens of restaurant partners on Swiggy Access.
Majety also spoke about how Swiggy will scale up these pods to be within a 10-minute reach of 99 per cent of its consumers.
"Swiggy Access has helped grow restaurant businesses, deliver unmatched customer experience and created employment opportunities in metros as well as tier 2 and 3 cities," Bhatia said.
"Over the last two years, Swiggy has invested over Rs 175 crores towards setting up and running these kitchens. This success has encouraged us to invest an additional Rs 75 crore to bring more partner cloud kitchens in 12 new cities by March 2020," he added.
Swiggy has created over 8,000 direct and indirect jobs in the restaurant industry through its cloud kitchen initiatives over the last two years.
After achieving this milestone of setting up 1000 partner cloud kitchens, Swiggy said it is set to add another 7,000 direct and indirect jobs in the restaurant industry in the next six months.
10 hours ago
Three Young Indian Women killed in a speeding car accident in South Carolina: PPM
20 hours ago
At the Footsteps of St. Thomas in Pakistan.
20 hours ago
IDF says more aid lorries reaching Gaza, UN confirms numbers are up
20 hours ago
Dozens of tornadoes wreak havoc in US
1 day ago
Annual AANHPI Heritage Month theme: "Bridging Histories, Shaping Our Future."
1 day ago
Summit on BioPharma and Healthcare at USAIC forges International Alliances
1 day ago
AI Policy and Innovation to be Guided by USIBC's New AI Task Force
1 day ago
The maiden piloted launch of Boeing's Starliner is scheduled for Sunita Williams.
1 day ago
Bipul Sinha, Indian American CEO, Leads Rubrik's Stock to 21% Jump in NYSE Debut
1 day ago
The Insurance Hall of Fame will induct Prem Watsa in 2024.
1 day ago
Take urgent action against drug menace: TTV Dhinakaran to TN govt
1 day ago
Dozens of tornadoes wreak havoc in US
1 day ago
'A lot has changed, from tech to my hair', Pichai on completing two decades in Google