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News on Medial
Alibaba's new 'instant commerce' portal passes 40 million daily orders
Economic Times
·
2m ago
Medial
Alibaba's Taobao Instant Commerce portal has achieved over 40 million daily orders within a month of its launch. This service, integrating merchants from Alibaba's Ele.me with the Taobao app, delivers items within 60 minutes. It reflects a broader trend among Chinese online platforms to invest significantly in instant retail solutions, aiming to enhance customer convenience and streamline the delivery process, thereby boosting customer satisfaction and engagement.
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Ecom Express founder T A Krishnan passes away
Economic Times
·
1y ago
Medial
T.A. Krishnan, co-founder of Ecom Express, an e-commerce-focused delivery startup, has passed away. Krishnan co-founded the company in 2012 and played various leadership roles, including CEO and COO. He stepped back from daily operations due to illness and passed away, leaving a significant mark on India's logistics and e-commerce industry. All four co-founders have stepped down from CXO roles, with Ajay Chitkara taking over as the new CEO. Ecom Express serves over 27,000 pin codes in India.
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Zepto completes 3 years, sees 25% higher orders on birthday
YourStory
·
1y ago
Medial
Quick commerce unicorn Zepto celebrated its third anniversary with a 25% increase in daily average orders. On July 15th, the platform recorded its highest order volume of all time with 750,000 orders, almost 25% higher than the daily average in the past month. Zepto recently raised $665 million at a $3.6 billion valuation and plans to focus on expanding its store count and growing its consumer offerings. The company aims to make its public debut in early 2025. Zepto faces competition from rivals like Swiggy's Instamart and Zomato's Blinkit in the quick commerce market.
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Chinese ecommerce giants make expensive bets on fast deliveries
Economic Times
·
2m ago
Medial
Chinese e-commerce giants Alibaba and JD.com are expanding into instant retail with delivery speeds of 30 to 60 minutes to boost market share amid a consumer slowdown. They've pledged significant subsidies, with JD Takeaway and Alibaba's Ele.me investing heavily despite high short-term costs. This strategy aims to entice cost-conscious consumers and leverage existing couriers. Analysts suggest it helps diversify and drive high-frequency app use, crucial as traditional growth options dwindle.
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Zepto Cafe crosses 100,000 orders per day mark, says CEO Aadit Palicha
Economic Times
·
5m ago
Medial
Zepto's quick commerce platform, Zepto Café, has surpassed 100,000 orders daily, nearing a $100 million annualized GMV with a 50% steady-state gross margin, according to CEO Aadit Palicha. Since its launch in December 2024, Zepto Café has expanded rapidly, opening over 100 new cafés monthly. The move highlights a competitive surge in the 10-minute food delivery space, with rivals like Blinkit and Swiggy scaling similar services to meet growing demand.
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Blinkit, Swiggy Instamart, Zepto report 'all-time high orders' on Holi 2024
Livemint
·
1y ago
Medial
During the Holi festival, quick-commerce platforms like Blinkit, Swiggy Instamart, and Zepto reported a surge in orders for festive essentials such as colors, balloons, and water guns. These platforms experienced their highest-ever orders per minute, highlighting the demand for instant deliveries on special occasions. Zepto in particular noticed a spike in white t-shirt sales, while Swiggy Instamart shared a story of a customer buying Holi essentials worth ₹5,202. This trend reinforces the growing popularity of quick-commerce platforms in India.
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Uber allows drivers to record audio during trips, brings special feature for fem
Livemint
·
8m ago
Medial
Uber has launched several new features on its app to improve safety and convenience for its drivers in India. These include options for female drivers to choose female passengers only, the ability to record audio during trips for driver safety, and instant cash-out of earnings. Uber aims to enhance the daily experience of its over 1 million monthly active drivers in India with these new features.
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Uzbekistan's first unicorn, Uzum, leaps to a $1.5B valuation | TechCrunch
TechCrunch
·
4d ago
Medial
Uzbekistan's Uzum, a fast-growing startup founded in 2022, has raised $65.5 million, leading to a $1.5 billion valuation, marking the country's first unicorn. Co-led by Tencent and VR Capital, this funding follows a significant earlier valuation jump. Uzum, known for its e-commerce, fintech, and digital banking solutions, boasts 17 million monthly active users. Its infrastructure supports over 200,000 daily orders, and it plans further expansions, including international market entries and advanced financial products.
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Zepto Cafe crosses 50,000 orders per day within 4 weeks: Aadit Palicha
Economic Times
·
7m ago
Medial
Zepto's 10-minute food delivery app, Zepto Cafe, achieved over 50,000 daily orders within four weeks of its launch, marking a 60% month-on-month growth, according to CEO Aadit Palicha. Initially starting with 30,000 orders per day, Zepto Cafe's rapid growth suggests it is gaining strong traction in the quick commerce market. Competitors like Zomato-owned Blinkit and Swiggy have recently launched similar 10-minute food delivery services.
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Spiritual services provider Vama joins ONDC
Economic Times
·
1y ago
Medial
The government-supported ecommerce platform, Open Network for Digital Commerce (ONDC), is expanding its spiritual services offerings by partnering with Vama.app. Vama.app will provide virtual pujas, temple darshans, rituals, and astrology services through the ONDC network. The startup currently has 400,000 monthly users and aims to double this number with the help of ONDC's reach across 3,000 apps. The move comes as spiritual and religious apps gain popularity and investor interest. ONDC aims to become a one-stop shop for users' everyday needs, including spiritual services. In July, ONDC recorded 12 million orders, with daily orders peaking at around 430,000.
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Orders surged 40% during Blockbuster sale: Meesho
YourStory
·
10m ago
Medial
- Meesho's orders surged 40% YoY during their flagship sale. - Home and kitchen sales more than doubled, while Beauty and Personal Care grew by 60%, and Kids & Baby Essentials saw a 75% rise. - Approximately 45% of Meesho's shoppers were from tier IV cities, including places like Ranaghat, Neyyattinkara, Bhadohi, and Sangareddy. - Over 25,000 sellers doubled their revenue during the sale. - Meesho witnessed a 100% increase in Day 1 orders compared to the previous year, with daily orders surging over threefold. - 6.5 crore customers visited the platform on Day 1 of the sale, purchasing products across various categories.
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