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News on Medial
Is Flipkart planning to compete with Zepto, Blinkit, and…
IndianStartupNews
·
1y ago
Medial
Flipkart is set to launch a 10-15 minute delivery service in several cities within the next two months. This move will directly compete with rivals Zepto, Blinkit, and Swiggy's Instamart, and aims to offer faster delivery options for customers.
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Flipkart Eyes Quick Commerce Foray To Take On Zepto, Blinkit
Inc42
·
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 sets sight on quick commerce ops expansion
Economic Times
·
8m ago
Medial
Walmart-owned Flipkart is planning to expand its quick commerce operations, responding to growing demand for faster deliveries. The ecommerce giant is piloting its quick commerce service, called 'Minutes', in cities like Bengaluru, Mumbai, and Delhi NCR. Flipkart is aiming to compete with popular delivery platforms such as Blinkit, Swiggy Instamart, Zepto, and BigBasket. The quick commerce market is expected to reach $40 billion by 2030. Flipkart's chief corporate affairs officer, Rajneesh Kumar, highlighted the potential of India's ecommerce market, which currently accounts for only 7% of the total retail market in the country.
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Flipkart to launch quick commerce service in few months
Thehindubusinessline
·
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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Google Backs Flipkart In Walmart-Led Funding Round
Inc42
·
1y ago
Medial
Google is reportedly investing in Flipkart as part of the latter's $1 billion funding round, in which Walmart is also contributing $600 million. Walmart's investment is believed to be at a premium to Flipkart's valuation of $33 billion from its previous fundraising. Flipkart is seeking to venture into quick commerce to compete with the likes of Zomato's Blinkit, Swiggy's Instamart, and Zepto.
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Quick commerce firms roll up sleeves for a big slice of festival season pie
Economic Times
·
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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Now, JioMart Plans Quick Commerce Foray To Take On Blinkit, Swiggy Instamart, Zepto
Inc42
·
1y ago
Medial
Reliance Industries Ltd (RIL) is planning to enter the quick commerce segment to compete with companies like Blinkit, BigBasket, Swiggy Instamart, and Zepto. JioMart, the digital commerce arm of RIL's subsidiary Reliance Retail, is expected to start offering grocery delivery in select cities within 30 minutes, starting next month.
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How capital surge may fuel discount war in quick commerce space
Economic Times
·
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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Flipkart has weighed acquiring Reliance-backed instant delivery startup Dunzo | TechCrunch
TechCrunch
·
1y ago
Medial
Indian e-commerce giant Flipkart has been in talks to potentially acquire hyperlocal delivery startup Dunzo, but complications surrounding the ownership structure of Dunzo have made it challenging to reach a deal. Dunzo has struggled to raise funds and compete with other delivery platforms such as Zepto, Swiggy, and BlinkIt. Flipkart sees value in certain assets of Dunzo's business, particularly its B2B offerings. However, the acquisition has not been finalized as Flipkart is uncertain about the extent of its ownership if an acquisition were to happen.
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Flipkart Minutes eyes 550 dark stores before ‘Big Billion Days'
Economic Times
·
5m 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 Zomato’s 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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At zero dark 100, Flipkart to fire up quick commerce in festive season
Economic Times
·
1y ago
Medial
Flipkart plans to open around 100 dark stores ahead of its Big Billion Days sale to compete with quick commerce platforms. The move is aimed at cornering a chunk of sales in the fast delivery segment during the festive season. The e-commerce giant has started testing its Flipkart Minutes service with select users in certain areas, with plans to launch it in a couple of weeks. The service will initially offer vegetables, fruits, groceries, and electronics. The rapid delivery space is expected to witness intense competition and price wars as players like Zepto, Blinkit, and Instamart battle for market share.
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