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Retail group seeks antitrust probe of quick commerce companies Swiggy, Blinkit, Zepto
Economic Times
·
9m ago
Medial
India's leading group of retail distributors, the All India Consumer Products Distributors Federation (AICPDF), has filed a request with the antitrust authority to investigate quick commerce companies Zomato's Blinkit, Swiggy, and Zepto. The federation alleges that these companies are engaged in predatory pricing, offering deep discounts to attract customers and undermining the traditional salespeople who have delivered orders for decades. Quick commerce platforms in India are expected to generate over $6 billion in sales this year, with Zomato's Blinkit holding nearly 40% of the market share. The Competition Commission of India (CCI) has the authority to initiate investigations if they find merit in the complaints.
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Battle for Fair Play: Quick Commerce Under Fire over ‘FDI, Competition Rules Violation; CAIT Demands Action
OutlookIndia
·
7m ago
Medial
The Confederation of All India Traders (CAIT) has accused quick commerce companies like Swiggy Instamart, Zomato’s Blinkit, and Zepto of breaching FDI rules. CAIT claims these firms misuse foreign investments to dominate the Indian retail market by controlling inventory and prices, which threatens small retailers. Despite raising significant funds, these companies allegedly haven't invested in infrastructure but use their influence for predatory pricing. CAIT seeks governmental action to enforce compliance with FDI and competition rules.
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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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Dark store count may touch 5,500 by FY26 as competition heats up in quick commerce: HSBC report
Economic Times
·
6m ago
Medial
The quick commerce sector is rapidly expanding, with the number of dark stores in India projected to reach 5,000 to 5,500 by FY26, per an HSBC report. Companies like Blinkit, Swiggy, and Zepto are aggressively expanding their dark store networks, aiming for efficiency and profitability. Blinkit exceeded its target with 1,007 stores by December 31, while Swiggy and Zepto plan to expand significantly. The focus will soon shift to optimizing operations and profitability.
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Swiggy steps up quick commerce investment to Rs 1,179 crore, eyes 741 dark stores
Economic Times
·
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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Quick-commerce firm Zepto introduces membership programme
Economic Times
·
1y ago
Medial
Quick-commerce company Zepto is testing a membership program called Zepto Pass, priced at Rs 99 per month. Members receive unlimited free deliveries for orders over Rs 99 and discounts of up to 20% on select orders. The service is currently being offered to a targeted group of users, with an introductory price of Rs 19 for some. Zepto follows Swiggy Instamart in offering subscription benefits, while Zomato's Gold subscription does not extend to its quick-commerce service, Blinkit. Subscription services are an important strategy for boosting usage and user loyalty in the food delivery and quick-commerce industry.
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Flipkart’s supply chain head Hemant Badri to lead quick commerce business
Economic Times
·
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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Not concerned about new competitors entering quick commerce space: Albinder Dhindsa of Blinkit
Economic Times
·
9m ago
Medial
Blinkit CEO, Albinder Dhindsa, stated that the company is not concerned about new competitors entering the market, as it provides customers with a unique service. Blinkit reported a significant rise in revenue and gross order value during Q1 of FY25. The company aims to expand its dark store count to 2,000 by the end of 2026. Competitors in the quick commerce sector include Swiggy Instamart, Zepto, Flipkart, BigBasket, Reliance Retail, and Amazon. The quick commerce channel has also fueled the growth of new-age brands.
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Quick commerce companies quizzed by government over FDI, operating model
Economic Times
·
7m ago
Medial
The Indian government is scrutinizing quick commerce companies like Blinkit, Swiggy Instamart, Zepto, and Bigbasket over their foreign direct investment (FDI) compliance and impact on small retailers. Officials are concerned about potential violations, road safety issues from rapid delivery, and the effect on kiranas. Despite rapid growth and capital raising by companies, the Confederation of All India Traders claims these firms misuse FDI to disrupt the retail market, posing threats to small grocery shops.
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Big B’s family office picks up small stake in Swiggy
Economic Times
·
11m ago
Medial
Bollywood actor Amitabh Bachchan's family office has acquired a small stake in Swiggy, a food delivery and quick-commerce company. Motilal Oswal Financial Services chairman Raamdeo Agrawal has also invested in Swiggy and Zepto, highlighting the growing interest in the quick-commerce sector. Swiggy is preparing for a $1.25 billion IPO, while Zepto is finalizing a $300-350 million funding round. Secondary share sales have assigned a valuation of around $10-11 billion to Swiggy. The quick-commerce sector is gaining attention due to the success of competitors like Zomato and the growth of their Blinkit platform.
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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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