Home > News > Corporates > It’s Playtime For Swiggy After Food, Grocery Delivery; Eyes Sports Business

It’s Playtime For Swiggy After Food, Grocery Delivery; Eyes Sports Business

Indian food and grocery delivery firm incorporates a new subsidiary, Swiggy Sports, to foray into the sports business

Staff Reporter | 15 January 2025 | 08:44 PM

(The Corner Office Journal) -- Indian food and grocery delivery firm Swiggy Ltd. incorporated a new subsidiary to foray into the sports business.


The Ministry of Corporate Affairs today (15 January) approved incorporation of Swiggy Sports Private Ltd., a wholly owned subsidiary of the company, Swiggy said in a stock exchange announcement.


Swiggy Sports will engage in sports team ownership, management, talent development, event organization and facility operation, it added.


The company said Swiggy Sports also plans to offer career services, acquire broadcasting and sponsorship rights, as well as promote sports events through various business models.


Swiggy, founded in 2014, caters to millions of consumers each month through its on-demand convenience platform. The company, which launched the food delivery service in 2014 and quick commerce in 2020, made its trading debut on the Indian stock exchanges in November 2024.


(Send feedback to editor@cornerofficejournal.com)

Swiggy Swiggy Sports