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Competition heats up in quick commerce as Amazon takes on Zepto, Blinkit with 10-min dash - The Economic Times
Economic Times
·
1m ago
Medial
Amazon has launched a 10-minute delivery service, Amazon Now, in Delhi, expanding the rapid delivery trend in India. Originally introduced in Bengaluru, this service competes with platforms like Blinkit, Zepto, and Swiggy Instamart. It offers free delivery on orders with minimum spends for Prime and non-Prime members. The quick commerce sector is growing rapidly in India, driven by smartphone usage, low data costs, and a young demographic, despite facing regulatory challenges.
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BigBasket turnover declines in FY25 amid rising quick commerce competition - The Economic Times
Economic Times
·
1m ago
Medial
BigBasket, backed by Tata Digital, saw its FY25 turnover drop due to intense competition from Blinkit and Zepto in the quick commerce market. Innovative Retail Concepts’ revenue decreased by 3% to Rs 7,673 crore, with losses escalating to Rs 1,851 crore. Tata Group, which holds a significant stake, previously expressed concerns over BigBasket's performance. The company shifted from scheduled grocery delivery to quick commerce, including a 10-minute delivery service, BB Now.
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Amazon Now expands quick commerce offering in Delhi after Bengaluru - The Economic Times
Economic Times
·
1m ago
Medial
Amazon has expanded its quick commerce service, Amazon Now, to parts of Delhi following its launch in Bengaluru. The service aims for rapid delivery of daily essentials and plans to establish 300 dark stores across major cities by year-end. Competing with Blinkit, Zepto, and others, Amazon intends to scale quickly before Prime Day and Diwali sales. Amazon Now offers groceries and other essentials, with plans to extend across more Indian cities.
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Blinkit won’t cede quick commerce market leadership under any circumstance, says Albinder Dhindsa - The Economic Times
Economic Times
·
1m ago
Medial
Blinkit CEO Albinder Dhindsa emphasized maintaining market leadership in the competitive quick commerce sector. Despite intense competition, Blinkit's gross order value surged 140% year-on-year to Rs 11,821 crore, with a $5.5 billion annualized run rate. The company, competing with firms like Zepto and Swiggy Instamart, reported Rs 162 crore in adjusted operating losses but stabilized near-term margins. Dhindsa remains confident about long-term profitability amid fluctuating competition dynamics and mature dark store developments.
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Quick commerce platforms go all-in on festive discounts - The Economic Times
Economic Times
·
4d ago
Medial
Quick-commerce platforms like Blinkit, Zepto, and Swiggy Instamart are engaging in a price war, offering discounts up to 70% on items to attract customers during the festive season. New competitors such as Flipkart Minutes and JioMart are intensifying competition, leading to heightened discounts on essentials and festival products. Despite rising losses, these platforms aim for customer acquisition and increased sales, with items being offered at prices lower than local stores across diverse categories.
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Amazon joins quick commerce race, to focus on beauty and home next
Economic Times
·
6m 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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Race to deliver fast intensifies: quick commerce firms burning Rs 1,500 crore a month
Economic Times
·
6m ago
Medial
Indian quick commerce firms are burning Rs 1,300-1,500 crore monthly, driven by aggressive competition. Major players like Zomato's Blinkit, Zepto, and Swiggy Instamart have raised substantial funds amid escalating expenses. This intense rivalry affects stock performance, with Zomato and Swiggy experiencing significant market value declines. Companies like Zepto aim to reduce cash burn ahead of planned IPOs. Increased investor scrutiny and growing competition from platforms like Amazon and Flipkart impact the sector's profitability outlook.
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Quick commerce firms chase brand ad dollars to boost revenue, margins - The Economic Times
Economic Times
·
1m ago
Medial
Quick commerce platforms like Swiggy Instamart, Zepto, and Blinkit are urging brands to increase ad spending to enhance high-margin revenues and offset losses. Instamart has introduced tiered onboarding packages that adjust costs against ad expenditures. Zepto requires monthly ad commitments, while Blinkit charges onboarding fees. These strategies, alongside lucrative ad products, reflect a competitive landscape prioritizing profitability. Advertising revenues, with high margins, have become central to these companies' growth and business models.
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India's quick-commerce sector may struggle to maintain current growth, Blume Venture's report says
Economic Times
·
5m ago
Medial
India's quick-commerce sector, which rapidly grew to a $7.1 billion market by 2025 from $300 million in 2022, may face growth challenges outside major cities amid intensifying competition from large e-commerce players like Flipkart and Amazon, according to Blume Ventures. While quick-commerce firms like Blinkit, Zepto, and Swiggy Instamart saw significant order value increases, they might soon encounter slowing user growth and regulatory scrutiny that could impact their profitability and influence the local grocery ecosystem.
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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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Dark store count may touch 5,500 by FY26 as competition heats up in quick commerce: HSBC report
Economic Times
·
7m ago
Medial
The quick commerce sector is rapidly expanding, with the number of dark stores in India projected to reach 5,000 to 5,500 by FY26, per an HSBC report. Companies like Blinkit, Swiggy, and Zepto are aggressively expanding their dark store networks, aiming for efficiency and profitability. Blinkit exceeded its target with 1,007 stores by December 31, while Swiggy and Zepto plan to expand significantly. The focus will soon shift to optimizing operations and profitability.
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