After completing a year and a half of successful business operations in Mumbai, Scootsy has raised funding of $3.6 million in a pre-series A round led by Agnus Capital and Khattar Holdings. AntFarm, Scootsy's incubator, has also participated in this investment round.
Founded in July 2015 by Rishi Khiani and Sandeep Das, Scootsy delivers quality products to consumers quickly and efficiently. Scootsy works with a combination of leading and small-scale businesses across food, sweets and bakes, books, beauty products, fashion and gifts to offer consumers an unparalleled end-to-end experience that redefines the home delivery experience.
With a customer base of over 200,000 since its launch, Scootsy has quickly scaled to become the premium app of choice in the city with a base that comprises industrialists, celebrities and spans generations including millennials who appreciate the curation of products on offer.
One of Scootsy’s clear differentiators is their premium positioning which includes bringing on exclusive brands such as Hamleys, ROYCE’, The Bombay Canteen, The Table, Nicobar, Condé Nast magazines and Jean-Claude Biguine. This also comes through in an average order size of above Rs 900, an amount that is 2.5 times that of the competition.
With the new round of funding, Scootsy plans to improve customer experience by further strengthening its logistics, technologies and delivery platform. Scootsy will also add to its offerings with Scootsy Express, a service that will deliver food to corporate offices across the city within minutes. Additionally, Scootsy will launch Scootsy Pop-Up, a kitchen and distribution platform that will be available to iconic brands from across the country.
Furthermore, with its focus on curating and empowering quality small medium enterprise, Scootsy has given brands like Sugar Rush, MamaZ, Bono Ice Cream and Bawi Bride a platform to access a wider customer base and a highly monetisable sales and distribution channel. Funds will be also be utilised to bring more of these brands to life and continue its support in growing the local retail entrepreneurial ecosystem.