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Amid Quick Commerce Boom, Zepto Takes Its Services To Gujarat
Inc42
·
10m ago
Medial
Zepto, a startup, has recently initiated its services in Ahmedabad and has plans to expand into other areas in Gujarat such as Vadodara, Surat, and Rajkot. Presently, Zepto owns nine dark stores in Ahmedabad, namely Gota, Tragad, Gandhinagar, Nikol, Vraj Vihar 3, New Ranip, Shantigram, South Bopal, and Navrangpura. Additionally, Zepto operates in 16 major cities across India, including Mumbai, Bengaluru, Delhi-NCR, Chennai, and Hyderabad.
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Why q-commerce is driving more new-age brands to tap alternative financiers
Livemint
·
7m ago
Medial
Quick commerce platforms like Blinkit, Swiggy Instamart, and Zepto are transforming consumer shopping, prompting direct-to-consumer (D2C) brands to seek alternative financiers for necessary working capital. Companies like Recur Club and GetVantage provide innovative financial solutions tailored to this new ecosystem. These platforms help brands meet rising demand for rapid stock replenishment and marketing. Despite the high costs linked to alternative financing, these solutions are crucial for startups amid the quick commerce boom.
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Swiggy takes Instamart to 42 cities ahead of festive season
Economic Times
·
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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A quick-commerce correction on the radar for consumer brands
Livemint
·
7m ago
Medial
Consumer brands that initially benefited from quick commerce are reassessing their dependence on these platforms due to high commissions and intense competition. Brands like Wellbeing Nutrition and Arata are diversifying distribution through their own websites and offline stores for better control and higher margins. Despite the quick-commerce boom with platforms like Zepto and Blinkit witnessing significant growth, brands recognize the need for a balanced channel strategy as quick commerce’s limits become evident.
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Uber ups hyperlocal deliveries as quick commerce takes off
Economic Times
·
1y ago
Medial
Uber is expanding its hyperlocal delivery service in India, offering quick commerce options in nine cities. The service allows customers to order items from local stores, which are then picked up by Uber drivers on two-wheelers. Initially, payments are made directly to the stores, but Uber plans to collect payments on behalf of the stores in the future. This move comes as other companies, including Dunzo, PhonePe, and Ola, have exited or restarted similar delivery services. Uber's entry into the quick-deliveries segment in India could challenge existing players such as Zomato-owned Blinkit and Zepto.
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Quick-commerce firm Zepto introduces membership programme
Economic Times
·
1y ago
Medial
Quick-commerce company Zepto is testing a membership program called Zepto Pass, priced at Rs 99 per month. Members receive unlimited free deliveries for orders over Rs 99 and discounts of up to 20% on select orders. The service is currently being offered to a targeted group of users, with an introductory price of Rs 19 for some. Zepto follows Swiggy Instamart in offering subscription benefits, while Zomato's Gold subscription does not extend to its quick-commerce service, Blinkit. Subscription services are an important strategy for boosting usage and user loyalty in the food delivery and quick-commerce industry.
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Months after unicorn tag, Zepto discusses round at $3-bn valuation
The Arc Web
·
1y ago
Medial
Indian quick-commerce player Zepto is reportedly in talks to raise a minimum of $300 million from global investors to double its valuation. The new funding round comes amid increased consumer demand for instant grocery and the entry of e-commerce giants Flipkart and Amazon into the quick-commerce market. Zepto, which aims to compete against larger players such as Instamart, Blinkit, and BigBasket, has shown improved operational efficiency and aims to reach EBITDA break-even within 12 to 15 months. The company also plans to expand beyond grocery and include categories such as apparel, gifting, and home goods on its platform.
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Amazon joins quick commerce race, to focus on beauty and home next
Economic Times
·
5m ago
Medial
Amazon has launched its quick delivery service, Amazon Now, in select Bengaluru areas, expanding beyond an initial employee-only pilot. The initiative focuses on quick delivery of items, primarily grocery and daily essentials, with plans to add beauty, home, and kitchen categories. This entry into the quick commerce sector is part of a strategy amid growing competition. Amazon's service is set against rivals like Flipkart, Swiggy Instamart, Blinkit, and Zepto, amid a projected market growth.
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Blinkit expands to Jammu. Here's where it will deliver
YourStory
·
7m ago
Medial
Blinkit, a quick commerce platform, has launched operations in Jammu, with three stores now serving areas like Trikuta Nagar and Roop Nagar. Founder and CEO Albinder Dhinsa expressed enthusiasm about bringing quick delivery to these regions. This expansion comes amid growing competition among quick commerce players including Zepto and Swiggy Instamart. Blinkit recently appointed Vipin Kapooria as CFO to bolster financial operations. India's quick commerce market is valued at $3.34 billion, with substantial growth potential.
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Swiggy, Zepto and Zomato's Blinkit cash in on quick commerce boom
VCCircle
·
1y ago
Medial
Swiggy, Zepto, and Zomato's Blinkit are capitalizing on the boom in quick commerce in India. Swiggy, backed by SoftBank, has expanded its grocery business, aiming to deliver orders within 10 minutes. This new model is threatening traditional small grocery stores and reshaping the way Indians shop. Quick deliveries currently account for 45% of the $11 billion online grocery market in India, with expectations that it will reach 70% by 2030. Swiggy plans to increase its warehouse count from 500 to 750 by 2025 and is diversifying its offerings beyond groceries into higher-margin products.
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Ola Consumer takes another go with quick food delivery, pilots Dash
YourStory
·
7m ago
Medial
Ola Consumer has launched Dash, a 10-minute food delivery service, in Bengaluru. The feature is currently available with restaurants like EatFit. This marks Ola Consumer's entry into the quick food delivery category. The company had previously launched a quick commerce offering called Ola Dash, but it was shut down in June 2022. Other players in the quick food delivery segment include Zepto, Swiggy, and Zomato. The growing demand for quick deliveries has extended beyond food to categories like apparel and electronics.
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