The Ministry of Corporate Affairs has given the nod to Swiggy Sports which is a wholly owned subsidiary of Swiggy for beginning operations officially.
The filing stated: “Swiggy’s wholly owned subsidiary, Swiggy Sports Private Limited’s incorporation has been approved by the Ministry of Corporate Affairs, Central Processing Centre on January 15th, 2025.”
Continue exploring : Blue Tokai’s Bold Brews, Swiggy’s Lightning Speed – Coffee Just Got Quick!
This initiative indicates Swiggy’s larger vision to become a prominent player in the sports industry. An all inclusive strategy has been defined by Swiggy Sports which involves talent development, sports facility operation, team ownership and management, event organisation, sponsorship and broadcasting rights, career services.
The update was shared by Swiggy in a regulatory filing.
Swiggy’s foray into the sports industry is a part of the company’s broader strategy to make expansion beyond food delivery. In the month of November, 2024, the ownership rights of Mumbai pickleball team were acquired by Swiggy.
Continue exploring : Swiggy Instamart Expands to 76 Cities, Set to Launch Standalone App
