Meals and grocery supply firm is piloting the supply of premium groceries underneath its new enterprise vertical, Handpicked, based on stories. Not like its fast commerce grocery supply mannequin Instamart, Handpicked will solely ship orders the subsequent day.
In response to detailed queries despatched by YourStory, a Swiggy spokesperson stated, “Swiggy Handpicked, an invite-only providing from Swiggy, helps clients uncover and buy groceries, starting from world favourites to regional and native delights that aren’t simply accessible. Handpicked is at the moment underneath pilot with choose customers. Keep tuned for extra updates.”
The Financial Occasions was the primary to report the event. The report stated that the service is in pilot mode in Bengaluru and is on the market to customers by means of invite-only.
Handpicked lists out premium merchandise together with particular variants of manufacturers out there solely within the abroad markets, similar to Coca Cola’s Cherry Cola. It additionally lists premium native choices similar to Kombucha made by native manufacturers, other than ready-to-cook meats, spreads, and region-specific meals, stated the report.
This is likely one of the diversification measures being adopted by Swiggy. In Could, 2022, Swiggy began piloting its storefront for Direct-to-Client (D2C) manufacturers underneath the Minis vertical. Native companies and D2C manufacturers can arrange their very own retailer entrance on the Swiggy app underneath Minis at zero fee.
Swiggy additionally acquired eating and restaurant tech platform Dineout in Could, 2022, tying in gives for its Swiggy One member clients for consuming out at accomplice eating places.
Based on Swiggy investor Prosus, the corporate’s meals supply arm grew by 40% within the six-month interval of January to July, when it comes to Gross Merchandise Worth (GMV). GMV refers back to the complete worth of products offered by an ecommerce platform over a particular time period.
The meals supply arm recorded GMV of $1.3 billion throughout the interval, whereas its fast commerce vertical Instamart grew to $257 million throughout the identical interval.
Shut competitor and publicly listed entity Zomato additionally forayed into the fast commerce phase in 2022 with the acquisition of Blinkit. It’s now leveraging Blinkit to check out supply of accomplice D2C manufacturers.
