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Amazon tests quick commerce Tez with staff, Flipkart doubles down with Minutes
Economic Times
·
6m ago
Medial
Amazon is testing its quick commerce service, Tez, with employees in Bengaluru, preparing to onboard dark stores. Meanwhile, Flipkart is aggressively expanding its quick commerce offering, Minutes, targeting around 150 dark stores, and including high-value items and medicine delivery. The quick commerce market, valued at $45 billion, is expected to grow to $77 billion by 2025. New entrants like Amazon and Flipkart are challenging established players, focusing on profitability and market disruption.
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On an expansion spree: Flipkart Minutes is now live in Thane
YourStory
·
7m ago
Medial
Flipkart has expanded its quick commerce service, Flipkart Minutes, to parts of Thane, Maharashtra. This service is now available in various areas in Thane, as well as in Bengaluru, Gurugram, and parts of Mumbai. Flipkart Minutes is a fast delivery service that aims to compete with other players in the market, such as Zepto and Swiggy Instamart. This expansion comes shortly after Amazon announced its plans to pilot a similar service, 'Project Tez', for quick delivery of everyday essentials. Other ecommerce marketplaces like Myntra and Nykaa have also ventured into the quick commerce space.
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Amazon To Launch Its Quick Commerce Biz 'Tez' This Month
OutlookIndia
·
7m ago
Medial
Amazon is set to launch its quick commerce segment, called 'Tez', this month in India. According to Samir Kumar, Amazon India's country manager, the company is focused on delivering within 15 minutes, aiming to tap into the fast-growing quick commerce market. Kumar also mentioned that one in five items shipped from Amazon is a grocery item, and the company plans to ensure the safety of customers and delivery associates in its quick commerce operations. Amazon's entry comes amidst rising competition in the quick commerce space from players like Reliance Retail and Flipkart.
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Amazon advances quick commerce delivery code-named Tez
Economic Times
·
8m ago
Medial
Amazon India is planning to launch its quick commerce delivery service, known as Tez, by late December or early next year. The move comes as Amazon aims to enter the booming sector that has generated sales of around $5.5-6 billion this month. Initially, Amazon had planned to launch the service in Q1 2025, but it now wants to expedite the process. Tez will be Amazon's first foray into the quick commerce business globally. The company is expected to start with groceries and daily essentials. Competitors such as Flipkart and Tata-owned BigBasket have already launched their own quick commerce services.
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Tata Digital rolls out quick commerce offering Neu Flash
YourStory
·
8m ago
Medial
Tata Digital has launched quick commerce services through its app Neu Flash, offering various product categories including groceries, apparel, electronics, beauty, and personal care. The service is powered by the hyperlocal operations of BigBasket, which is also owned by Tata. This move follows Myntra's introduction of its quick delivery initiative called M-Now, which focuses on delivering products within 30 minutes to 2 hours. Amazon India is also reportedly planning to launch its own quick commerce arm called Tez. Quick commerce platforms are gaining popularity as consumers seek faster delivery for a wider range of products.
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Flipkart Minutes eyes 10-min drug delivery to outpace its rivals
Economic Times
·
8m ago
Medial
Flipkart, owned by Walmart, is preparing to offer quick delivery of medicines within 10 minutes, potentially becoming the first quick commerce service to do so. The company's Flipkart Minutes service is already enlisting local chemists in major cities to facilitate the sales through its last mile delivery partners. However, Flipkart needs to ensure compliance with India's drug regulations, which prevent foreign-backed e-commerce companies from owning inventory and require partnerships with registered chemists. Flipkart aims to expand Flipkart Minutes into a comprehensive quick commerce platform, capitalizing on the untapped opportunity in the healthcare sector.
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For Boat, q-com is third-largest sales channel, says cofounder Aman Gupta
Economic Times
·
11m ago
Medial
Boat, a popular wearable and audio products brand, has identified quick commerce as its third-largest sales channel. According to Boat's co-founder Aman Gupta, certain brands find more success on quick commerce platforms than on traditional ecommerce channels like Amazon or Flipkart. Quick commerce is gaining traction in India, with new-age brands experiencing rapid growth in this space. Walmart-owned Flipkart has also recently entered the quick commerce market with its service called 'Minutes'. The quick commerce market in India is projected to grow by 35% to nearly $7 billion by 2025, offering significant growth opportunities for direct-to-consumer brands.
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After Bengaluru, Flipkart Minutes goes live in Gurugram
Entrackr
·
10m ago
Medial
Flipkart Minutes, a quick commerce service by Flipkart, is now live for users in Gurugram and other parts of NCR region. This launch marks a significant step in Flipkart’s expansion plans, following the introduction of its rapid delivery service in Bengaluru. Entrackr was the first to report about Flipkart quick commerce’s foray in March 2024. It’s worth noting that Flipkart has not yet issued an official statement about the public launch of its quick commerce service. Currently, Flipkart Minutes is available in nearby Unitech Cyber Park, Sector 39, 40, The Millenium City Centre (Sector 29) and Golf Course Road (Sector 54) in Gurugram. Users in other areas in the NCR region also received notifications about the availability of Flipkart Minutes. As per sources, the service is also available in some parts of Mumbai. It allows users to order groceries, electronics, smartphones, and other products with delivery times ranging from 8 to 16 minutes. For example, a team Entrackr member based in Sector 39 got delivery in 13 minutes. Entrackr has reached out to Flipkart for comment. Flipkart already offers slot-based delivery services, competing with Amazon Fresh and BigBasket. While BigBasket is in the process of completely transitioning to quick commerce, Amazon plans to enter the space by early next year. Flipkart Minutes competes with leading quick commerce players such as Blinkit, Swiggy Instamart, and Zepto. The quick commerce sector has been a hot sector for over a year. With over $1 billion raised in the past couple of months, Zepto has surpassed the $5 billion valuation mark and is focusing on expansion into both existing and new cities. As per media reports, the Aadit Palicha-led company is also gearing up for the initial public offering (IPO) by next year. Zomato-owned Blinkit is expanding into tier II cities and has emerged as the top market share holder in the quick commerce space, according to a recent UBS report. To beef up its quick commerce piece, Swiggy Instamart strengthened its leadership with the appointment of a new chief executive officer (CEO) and chief operating officer (COO).
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Flipkart Rolls Out INR 3 Platform Fee
Inc42
·
11m 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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Flipkart Minutes offering products at 10% lower prices than Blinkit: UBS Report | Mint
Livemint
·
11m ago
Medial
A report by UBS analysts reveals that products on Flipkart Minutes, the newest player in the quick commerce sector, are priced approximately 10% lower than those on Blinkit, the current market leader. Flipkart Minutes is using introductory discounts to attract customers and build loyalty. As the quick commerce industry becomes more competitive, differentiated pricing is crucial for Flipkart Minutes to stand out and attract customers from established platforms. However, maintaining these discounts will be easier for Flipkart considering its size and experience. This move by Flipkart is an effort to protect its market position and compete in the quick commerce space.
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Flipkart Minutes, company’s quick commerce offering, goes live in Bengaluru
Money Control
·
12m ago
Medial
Flipkart Minutes, the company's quick commerce offering, has launched in select areas of Bengaluru. This move aligns with the growing importance of rapid delivery in e-commerce. Flipkart appointed Hemant Badri to lead this initiative. The service competes with established players like Blinkit, Swiggy Instamart, and Zepto. While Flipkart has experimented with quick delivery before, this new format aims to capture a share of the fast-growing quick commerce market.
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