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Cellecor Gadgets partners with Zepto to boost quick commerce

Inshorts · 5m ago

Cellecor Gadgets partners with Zepto to boost quick commerce

Cellecor Gadgets Limited has partnered with Zepto to expand its quick commerce presence. This enables rapid delivery of Cellecor’s electronics via Zepto’s network, enhancing convenience. The move strengthens Cellecor’s position in online and offline retail, aligning with its goal of offering advanced, affordable technology. Zepto continues to revolutionise quick commerce in India.

Related News

Flush With Fresh Funds, Rapido Seeks To Ride The Quick Commerce Wave

Inc42 · 10m ago

Flush With Fresh Funds, Rapido Seeks To Ride The Quick Commerce Wave

Ride-hailing company Rapido is reportedly planning to enter the quick commerce sector in India. The Bengaluru-based company is said to be in discussions with Zepto and other grocers to establish a presence in the booming quick commerce market. The talks are still in the early stages but make sense given that both Rapido and Zepto have a common investor in Nexus Venture Partners. This move could provide Rapido with a significant supply advantage in the quick commerce space.

Unicorn startup Zepto raises another $31.25M in Series E round

IndianStartupNews

IndianStartupNews · 1y ago

Unicorn startup Zepto raises another $31.25M in Series E round

Mumbai-based quick commerce startup Zepto has raised $31.25 million in a Series E funding round led by Goodwater Capital and Nexus Venture Partners. Zepto plans to go public by 2025 and became a unicorn after raising $200 million in funding. The startup promises to deliver groceries in under 10 minutes and currently holds about 20-21% market share in the quick commerce sector. However, Zepto's financial numbers show significant growth in revenue but also indicate high net losses, posing challenges for achieving profitability.

VCs crowd deal street on quick commerce, D2C success

Economic Times

Economic Times · 1y ago

VCs crowd deal street on quick commerce, D2C success

The rise of quick commerce and the surge in demand for direct-to-consumer (D2C) brands are driving investment activity in the early-to-mid-stage D2C sector. Quick-commerce platforms like Blinkit, Zepto, and Instamart have helped these brands scale faster than anticipated, attracting investor interest. Various D2C brands, including Tuco Intelligent, The Health Factory, Gourmet Garden, The Whole Truth, and Master Chow, are in talks for capital infusion. Quick-commerce platforms have also given a boost to smaller brands in sectors such as personal intimate care. Quick-commerce is expected to remain a key channel for D2C brands, driving growth in various categories.

Blinkit, Zepto hike commissions to boost per-order earnings

Economic Times

Economic Times · 5m ago

Blinkit, Zepto hike commissions to boost per-order earnings

Blinkit and Zepto, leading quick commerce platforms, are raising commissions to boost revenue as they aim for profitability. Zepto is gradually increasing commissions on users and brands, while Blinkit is adopting a variable commission model. Despite these efforts, the platforms face intense competition, resulting in heightened cash burn and affecting investor sentiment. Zepto's increased take rate aligns with its IPO plans, while Blinkit's new structure aims to enhance its take rate despite intense market competition.

Mint Primer: Can Blinkit & co take on Amazon in electronics?

Livemint

Livemint · 10m ago

Mint Primer: Can Blinkit & co take on Amazon in electronics?

- Quick commerce (Q-comm) firms are using expensive gadgets as a marketing strategy to indirectly drive sales and increase profitability. - Expensive electronics allow quick commerce ventures to diversify into higher-value items, which is crucial for their future growth and sustainability. - Quick commerce is following the footsteps of e-commerce giants like Amazon and Flipkart, who already sell high-value items such as luxury cars and gold bars. - This tactic has the potential to challenge the dominance of Amazon and Flipkart in the e-commerce industry, as quick commerce can offer quicker deliveries through a widely distributed network of small warehouses. - However, quick commerce's success relies on selling fast-moving items, and they may continue to focus on gadgets that make headlines in the short term. - In the long run, the merging of conventional e-commerce and quick commerce may impact the viability of this business model.

Quick commerce firms dangle discounts for bulk buys above Rs 1,000 cart size

Economic Times

Economic Times · 8m ago

Quick commerce firms dangle discounts for bulk buys above Rs 1,000 cart size

Quick commerce platforms are now offering discounts on bulk orders to incentivize customers to shop more in a single transaction. These discounts typically kick in with a minimum cart size of Rs 1,000-1,500. Companies such as Flipkart, BigBasket, and Zepto are implementing this strategy to improve unit economics and compete with value retailers. By encouraging larger order sizes, these platforms can achieve cost savings on deliveries and packaging. Currently, the average order value for quick-commerce platforms is around Rs 500, but the industry aims to increase this figure to boost profitability.

Why early investor Nexus is going all-in on Zepto

The Arc Web

The Arc Web · 1y ago

Why early investor Nexus is going all-in on Zepto

Early investor Nexus Venture Partners is heavily backing Zepto, an Indian quick-commerce startup. Zepto, founded by Aadit Palicha and Kaivalya Vohra, focuses on ultra-fast grocery deliveries. Nexus believes in Zepto's strong growth potential and strategic execution, which led them to significantly increase their investment in the company. Read the full article for detailed analysis

Flipkart’s supply chain head Hemant Badri to lead quick commerce business

Economic Times

Economic Times · 1y ago

Flipkart’s supply chain head Hemant Badri to lead quick commerce business

Flipkart is set to launch its quick commerce offering in July, with Hemant Badri leading the initiative as the Senior Vice President and Head of Supply Chain. The company plans to establish a network of dark stores to support its quick commerce operations. Badri brings over three years of experience at Flipkart and previously worked at Unilever and Colgate Palmolive. This move by Flipkart comes as quick commerce companies like Blinkit and Zepto expand their product offerings beyond groceries. Talks of a potential deal between Flipkart and Zepto fell through, leading Zepto to seek a $500 million funding round. Swiggy, another Bengaluru-based company, recently integrated its Mall offering with its quick commerce division, Instamart. Swiggy is also preparing for an IPO later this year.

Zepto drops Kiranakart tag in rebranding exercise

Economic Times

Economic Times · 3m ago

Zepto drops Kiranakart tag in rebranding exercise

Zepto, a quick commerce platform, has rebranded from Kiranakart Technologies Pvt Ltd to Zepto Pvt Ltd following shareholder approval. This change aligns with their evolving business focus as they prepare for an IPO by April, targeting an $800 million to $1 billion raise. CEO Aadit Palicha is now a company director, expected to strengthen leadership. The company aims to boost domestic ownership and has seen a 300% yearly growth in gross order value, nearing $4 billion.

DST Global, Lightspeed, others may join Zepto’s financing round valuing it at about $3 billion

Economic Times

Economic Times · 1y ago

DST Global, Lightspeed, others may join Zepto’s financing round valuing it at about $3 billion

Yuri Milner's DST Global and Lightspeed Venture Partners are expected to join the ongoing financing round for Zepto, a quick commerce startup based in Mumbai. The funding round aims to raise $300-350 million, valuing the company at $2.5-3 billion. Other private equity funds and Zepto's existing backers are also participating in the round, making it one of the most sought-after deals in the consumer internet sector. Zepto, which started as a grocery delivery app during the pandemic, has seen significant growth and aims to go public in a year's time. Quick commerce is a highly competitive sector in India with several well-funded players.

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