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Rita Liao · · 1 min readIn brief: Swiggy snaps up Indian on-demand delivery app Scootsy
Photo credit: Swiggy
Swiggy swallows up on-demand delivery startup (India). The Meituan Dianping-backed food delivery giant has acquired the reportedly cash-strapped Scootsy for US$7.29 million. The buyout will expand Swiggy’s network of restaurants in India while Scootsy – which delivers a range of products, including food, electronics, apparel, toys, and books – will continue to operate as an independent app. (Entrackr)
Other news
Government slaps new caps on bike-sharing (China). Beijing’s municipal regulators are imposing new rules for the sector. These include a cap of 1.91 million bikes in the city, a much smaller number versus the previous 2.35 million limit, and an online monitoring platform that’s slated to launch later this year. (TechNode)
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