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News on Medial
Amazon To Launch Its Quick Commerce Biz 'Tez' This Month
OutlookIndia
·
8m 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
·
9m 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
·
9m 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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Amazon tests quick commerce Tez with staff, Flipkart doubles down with Minutes
Economic Times
·
8m 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
·
8m 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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IPO-bound Swiggy appoints Sairam Krishnamurthy as COO of Instamart biz
Economic Times
·
1y ago
Medial
Swiggy has appointed Sairam Krishnamurthy as the Chief Operating Officer (COO) and Senior Vice President of its quick commerce division, Instamart. Krishnamurthy previously served as the COO of More Retail, a supermarket chain backed by Amazon and Samara Capital. He has also worked with Ola Cabs and Hindustan Unilever in the past. This hiring is part of Swiggy's efforts to strengthen its quick commerce division, which has seen several senior hires in recent months.
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Centre Steps In To Check If Quick Commerce Growth Is Hurting Kirana Stores Biz
Inc42
·
1y ago
Medial
Government ministries are investigating the impact of quick commerce on traditional mom-and-pop stores in India, considering whether it is disrupting their business unfairly. This follows a request from a retailer group to Union minister Piyush Goyal to probe the practices of quick commerce players like Blinkit and Swiggy Instamart, citing violations of FDI norms. Goyal has previously criticized the predatory pricing strategies of e-commerce giants like Amazon.
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ETtech Exclusive | Amazon set to roll out its quick commerce service next year: sources
Economic Times
·
1y ago
Medial
Amazon is reportedly planning to launch its quick commerce service in India in the first quarter of next year. The e-commerce giant has assigned a senior executive to develop the quick commerce strategy, recognizing the importance of this growing segment. Talks are also said to be ongoing for Amazon's potential stake acquisition in food delivery company Swiggy. The company aims to offer 20-30 minute deliveries, catching up with rivals who have already entered the quick commerce market. Estimates suggest India's quick commerce market could be worth $6 billion by 2025.
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Leadership Shift! Flipkart Loses Another Top Talent to Quick Commerce Biz, Ex-VP Joins Blinkit
OutlookIndia
·
8m ago
Medial
Vipin Kapooria, a former vice-president at Flipkart, has joined Zomato-owned Blinkit as Chief Financial Officer. Kapooria's transition to Blinkit, amid quick commerce platforms attracting talent from e-commerce giants like Flipkart and Amazon, signifies a trend where executives move to new rapid commerce and delivery sectors. This shift is part of Blinkit and other companies’ efforts to expand beyond core categories, with significant recent hires from both Flipkart and Amazon bolstering their leadership teams.
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Amazon to launch quick commerce deliveries in India amid boom in segment
Economic Times
·
8m ago
Medial
Amazon India is set to launch a 15-minute delivery service in Bengaluru later this month. The e-commerce giant aims to tap into the fast-growing quick commerce sector, catering to urban customers who want fast delivery of everyday essentials. The company plans to offer a selection of 1,000-2,000 products that will be available for delivery within 15 minutes. This move marks Amazon's first venture into ultra-fast delivery and reflects its goal of providing a wide range of products to a large customer base at rapid speeds.
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Amazon India Mulls Foray Into Quick Commerce Space Early Next Year
Inc42
·
1y ago
Medial
Amazon is set to launch its quick commerce services in India by the first quarter of next year. The move aims to tap into the fast-growing quick commerce market, similar to its competitor Flipkart's 'Minutes' service. The plan involves delivering products within 20-30 minutes, according to analyst Karan Taurani from Elara Securities.
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