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Amazon rival Flipkart to enter quick commerce to challenge Zepto, Blinkit, Swiggy's Instamart
IndianStartupNews
ยท
1y ago
Medial
Walmart-owned Flipkart is reportedly planning to enter the quick commerce sector in India. The company aims to launch 10-15 minute delivery services in several cities within the next two months. This move will put Flipkart in competition with existing players like Zepto, Blinkit, and Swiggy's Instamart. Flipkart has been expanding its supply chain infrastructure to support this new offering, including the development of dark stores in major cities. The quick commerce market in India is valued at nearly $45 billion and Flipkart's entry is expected to heighten competition and expand the range of services available to customers.
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Related News
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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10 Quick Commerce Newcomers Aiming To Replicate Blinkit, Zepto Formula
Inc42
ยท
10m ago
Medial
Blinkit, Instamart, and Zepto have reported revenue of over $1 billion in FY24, highlighting the strong demand for quick commerce services. Flipkart has launched "Minutes" to tap into this market, while Amazon is also planning to enter the quick commerce space. With the rise of new players in the industry, we have compiled a list of companies aiming to excel in the 10-minute delivery game.
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Swiggy takes Instamart to 42 cities ahead of festive season
Economic Times
ยท
11m ago
Medial
Swiggy's quick commerce business, Instamart, has expanded to 42 cities from 27 in order to meet the increased demand during the festive season. The platform has launched operations in 10 new cities and plans to expand further, particularly in tier 2 and 3 markets. Instamart aims to enhance its offerings by partnering with local brands and vendors. Competitors such as Blinkit and Zepto are also expanding their operations in the quick commerce space. Larger ecommerce players like Flipkart and Amazon are entering the market with their own quick commerce services.
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Quick commerce boom: A look at top developments in rapid delivery space
Economic Times
ยท
1y ago
Medial
Several major players are planning to enter the quick commerce segment in India. Amazon India is set to launch its offering in early 2022 and is considering buying a stake in Swiggy's Instamart. BigBasket is pivoting to become a full-scale quick commerce platform, offering rapid deliveries. Swiggy has appointed a new CEO for Instamart and Bollywood superstar Amitabh Bachchan's family office has acquired a small stake in the company. Flipkart has introduced a quick delivery service called Minutes, while Zepto is looking to raise $310 million in funding. Ola is also planning to enter the dark stores space for quick commerce, and logistics companies like Ecom Express, Shadowfax, and Loadshare are venturing into the quick delivery business.
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Kotak warns Zepto, Swiggy's rise in quick commerce will become 'political issue'
YouTube
ยท
9m ago
Medial
Uday Kotak during a recent CNBC-TV18 event warned that the rise of quick commerce companies like Zepto, Swiggy's Instamart, and Zomato's Blinkit poses a challenge to local retailers. "I think it's a challenge that will come to the political front," Kotak said. "But if you look at quick service retail, India is a unique country where it's working," he added.
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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 Rolls Out INR 3 Platform Fee
Inc42
ยท
1y ago
Medial
Flipkart has implemented a platform fee of INR 5 for its quick commerce service, Flipkart Minutes. This fee brings Flipkart in line with other similar quick commerce players like Swiggy's Instamart and Zomato's Blinkit. However, the fee does not apply to Flipkart Grocery or Cleartrip, the company's travel vertical.
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Google Backs Flipkart In Walmart-Led Funding Round
Inc42
ยท
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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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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