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Amazon expands 10 min quick delivery service ‘Amazon Now’ to Gurugram

EntrackrEntrackr · 11d ago
Amazon expands 10 min quick delivery service ‘Amazon Now’ to Gurugram
Medial

Amazon expands 10 min quick delivery service ‘Amazon Now’ to Gurugram E-commerce major Amazon India has expanded its ultra-fast delivery service, Amazon Now, to Gurugram, further expanding its quick commerce footprint across large Indian cities. Amazon Now enables delivery of daily essentials within 10 minutes through a network of micro fulfilment centres located close to customer neighbourhoods. The service is available through the main Amazon app for select pin codes. The company first piloted the 10-minute delivery service in Bengaluru in December last year. During the pilot, Amazon offered a limited assortment of everyday products, including groceries, personal care items, and small household essentials. Following the Bengaluru pilot, Amazon expanded the service to Delhi, where it rolled out Amazon Now across select locations in the city. In September, Amazon further extended Amazon Now to Mumbai. At the time, the company said it had set up more than 100 micro fulfilment centres across Bengaluru, Delhi, and Mumbai to support the 10-minute delivery promise. Amazon recently said that it is opening two micro fulfilment centres every day to enable 10-minute deliveries across more neighbourhoods in Bengaluru, Delhi, and Mumbai. According to the company, the aggressive expansion expects to take Amazon Now’s footprint to over 300 centres by the end of the year, from around 100 during the festive season. In a recent social media post, Amazon India head Amit Agarwal said the company had piloted the quick delivery service from micro fulfilment centres in Haryana, where teams are able to pick, pack, and deliver everyday essentials within minutes. The move coincides with heightened activity in the quick commerce segment, with players such as Zepto, Blinkit, and Instamart stepping up their expansion efforts. Amazon’s rival Flipkart entered the space earlier with the launch of its quick delivery service, Minutes, in Gurugram and other parts of the NCR region late last year.

Medikabazaar appoints Dinesh Lodha as group CEO

EntrackrEntrackr · 1y ago
Medikabazaar appoints Dinesh Lodha as group CEO
Medial

B2B medical supply chain platform Medikabazaar has appointed Dinesh Lodha as its new Group chief executive officer (CEO). With over two decades of experience in the medtech industry and a career marked by leadership roles across various sectors, Lodha brings a wealth of expertise to Medikabazaar. Before joining Medikabazaar, Lodha managed large B2B and B2C operations in FMCG and healthcare sectors. He has worked with multinational, private equity-led businesses and large publicly listed Indian companies. Founded by Vivek Tiwari and Ketan Malkan, nine-year-old Medikabazaar enables hospitals and medical establishments to discover supplies, compare specifications and prices in real-time. The product on the B2B platform includes hospital devices, materials, medical consumables, and dental tools among others. The platform offers over 4 lakh products and serves over 10,000 medical centres and over 30,000 independent doctors and clinics. It has a B2B marketplace, an AI-ML-powered SaaS solution, a medical financing solution, full stack procurement model for large hospitals, and an asset management platform for equipment business. In April 2022, Medikabazaar had scooped up $65 in a new funding round led by Lighthouse India Fund III and others at a valuation of $700 million. According to data intelligence platform, The Kredible, the operating gross revenue for the Mumbai-based company grew 2.74X to Rs 1,552.53 crore in FY22 from Rs 564.7 crore in FY21.

House of Abhinandan Lodha to invest over Rs 1,250 crore in new land acquisitions across India in FY25

Money ControlMoney Control · 1y ago
House of Abhinandan Lodha to invest over Rs 1,250 crore in new land acquisitions across India in FY25
Medial

Mumbai-based real estate firm The House of Abhinandan Lodha (HOABL) plans to invest over Rs 1,250 crore in acquiring more land across India by FY25. The majority of the investment will be in states where HOABL is already operational, such as Maharashtra, Goa, Uttar Pradesh, Punjab, and Himachal Pradesh. The company also plans to acquire new lands in Madhya Pradesh, Rajasthan, and Gujarat. HOABL aims to deliver 6 million square feet of development by December 2024, and have about 700 acres of development and an additional land bank of 1,000 acres by March 2025. The company also plans to develop projects in six more cities, including Amritsar, Khopoli near Mumbai, Nagpur, Varanasi, Shimla, and Vrindavan.

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