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Flipkart Eyes Quick Commerce Foray To Take On Zepto, Blinkit
Inc42
ยท
1y ago
Medial
Ecommerce giant Flipkart is reportedly entering the quick commerce space to compete with players like Zepto, Zomato's Blinkit, and Swiggy's Instamart. Flipkart is planning to launch 10-15 minute delivery services in multiple cities within the next few weeks. The company is also setting up dark stores in cities like Bengaluru, Delhi-NCR, and Hyderabad. Quick commerce has gained popularity in Tier-I cities, especially for grocery shopping. Flipkart aims to have a wider product catalog, focusing on FMCG, groceries, daily essentials, electronics, and fashion.
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Flipkart Minutes eyes 550 dark stores before โBig Billion Days'
Economic Times
ยท
6m ago
Medial
Flipkart is aggressively expanding its quick commerce segment, planning to reach 500-550 dark stores by its Big Billion Days sale event this year. Currently, with 120-150 dark stores, this growth aims to challenge Zomatoโs Blinkit, Zepto, and Swiggy Instamart. Flipkart is increasing its market presence in Bengaluru and high-value order segments like electronics. As competition intensifies, the quick commerce sector is projected to grow from $21 billion to $31 billion by FY27.
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'Flipkart Minutes' to enter q-commerce market in July, rivalling Blinkit: Report
Livemint
ยท
1y ago
Medial
E-commerce giant Flipkart is set to launch its quick commerce initiative, 'Flipkart Minutes,' in July. The company aims to achieve 15-minute delivery times for electronics, groceries, and essential items. This marks Flipkart's third attempt in the quick commerce market, following previous unsuccessful ventures. The move is seen as a strategic effort to take advantage of Flipkart's established supply chain network. Despite not officially confirmed, the buzz around Flipkart Minutes indicates a renewed commitment to quick commerce. The competition in the sector is dominated by players like Blinkit, Zepto, and Swiggy's Instamart.
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Flipkart Minutes, companyโs quick commerce offering, goes live in Bengaluru
Money Control
ยท
1y ago
Medial
Flipkart Minutes, the company's quick commerce offering, has launched in select areas of Bengaluru. This move aligns with the growing importance of rapid delivery in e-commerce. Flipkart appointed Hemant Badri to lead this initiative. The service competes with established players like Blinkit, Swiggy Instamart, and Zepto. While Flipkart has experimented with quick delivery before, this new format aims to capture a share of the fast-growing quick commerce market.
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Flipkart to launch quick commerce service in few months
Thehindubusinessline
ยท
1y ago
Medial
Flipkart, owned by Walmart, is planning to launch its own quick-commerce service in select locations starting in May. With competition from Zomato's Blinkit, Swiggy's Instamart, and Zepto, Flipkart aims to deliver a wide range of products to customers with speed. The quick-commerce market is estimated to be worth $45 billion, with a projected GMV of $6.2 billion by 2025. According to a recent report, Blinkit holds the largest market share at nearly 40%, followed by Instamart at 37-39% and Zepto at around 20%.
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Flipkartโs supply chain head Hemant Badri to lead quick commerce business
Economic Times
ยท
1y ago
Medial
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.
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Quick Commerce will rival ecommerce majors Amazon, Flipkart in 2025: Zepto CEO
Economic Times
ยท
7m ago
Medial
Zepto CEO Aadit Palicha predicts that by 2025, quick commerce will rival traditional ecommerce giants like Amazon and Flipkart in scale. Highlighting Zepto's remarkable growth, he emphasizes that success depends on "exceptional execution." Quick commerce fundamentals will drastically evolve, enhancing customer value and unit economics. Zepto's 2024 revenue surged 120% to Rs 4,454 crore. During New Year's, Zepto and Blinkit reported record sales, with Blinkit CEO noting peak orders and celebrating customer participation in the 12 grapes tradition.
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From Acquisition Talks to Talent Shift: Flipkart Taps Dunzo's Kabeer Biswas for Quick Commerce Boost
OutlookIndia
ยท
6m ago
Medial
Flipkart recently sought to enhance its quick commerce division, Flipkart Minutes, by potentially recruiting Kabeer Biswas, CEO and last-remaining co-founder of Dunzo. Previously, Flipkart was unsuccessful in acquiring Dunzo due to complexities in its ownership structure and opposition from its major shareholder, Reliance Retail. Dunzo faces financial challenges and talent departures, including Biswas, potentially benefitting Flipkart in its competitive quick commerce market against major rivals like Blinkit and Zepto.
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Swiggy steps up quick commerce investment to Rs 1,179 crore, eyes 741 dark stores
Economic Times
ยท
9m ago
Medial
Swiggy is investing Rs 1,179 crore in its quick-commerce business, Swiggy Instamart, to expand its dark store network. The company plans to open more dark stores in cities where it already operates, as well as expand into new cities in the future. This investment comes as competition in the quick commerce sector increases, with rivals like Zomato-owned Blinkit and Zepto raising capital for growth. The quick commerce market in India is expected to reach $22 billion in gross merchandise value by 2027. Swiggy Instamart, Blinkit, and Zepto currently dominate the market with over 85% market share.
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How capital surge may fuel discount war in quick commerce space
Economic Times
ยท
1y ago
Medial
Zepto, a fast-growing quick delivery platform, recently secured a massive $665 million funding round. This may spark a discounting battle among major players in the market, including Blinkit, Instamart, and Flipkart. With Flipkart planning to launch its quick delivery service soon, Blinkit, as the leading player in the market, may face intensified competition in terms of logistics infrastructure. The influx of funding is expected to further heat up the quick commerce market.
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Quick commerce firms roll up sleeves for a big slice of festival season pie
Economic Times
ยท
9m ago
Medial
Quick commerce platforms like Swiggy Instamart, Blinkit, Flipkart Minutes, and Zepto are using aggressive customer acquisition and retention tactics to gain a larger market share during the festive season. Swiggy Instamart has reduced the minimum order value for free delivery, while Blinkit has started offering free deliveries for orders above a certain amount. Flipkart Minutes has gained traction during its Big Billion Days sales, while Zepto is emerging as a strong competitor to Blinkit, especially in major markets. Quick commerce companies are also expanding their dark store footprint, investing in expansion and incentives to attract customers. Zomato's recent fundraising efforts aim to enhance cash balance and compete with other players in the market.
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