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Dark store count may touch 5,500 by FY26 as competition heats up in quick commerce: HSBC report
Economic Times
·
5m 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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Quick commerce industry's hygiene headache explained
Economic Times
·
1m ago
Medial
Quick commerce platforms like Blinkit, Zepto, and Instamart have rapidly expanded dark stores to meet demand but face scrutiny over hygiene issues. Inspections in Maharashtra revealed concerns such as improper storage and expired products. Authorities plan increased checks, while industry compliance struggles with rapid growth. Despite having guidelines, some stores lack consistent safety processes. Companies claim to conduct third-party audits, but experts highlight occasional lapses. India's dark store count is projected to reach 5,000-5,500 by FY26.
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Swiggy Instamart at an inflection point amid rising competition: CEO Sriharsha Majety.
Economic Times
·
7m ago
Medial
Swiggy's quick-commerce arm, Instamart, is facing increased competition and evolving market dynamics. To maintain its lead, Swiggy is making strategic investments and expanding its dark store network. They have added 52 new stores in Q2, totaling around 2 million square feet. Instamart plans to double its dark store count by March 2024 and increase the average store size. Swiggy's GOV for Q2FY25 saw a 24.1% increase, driven by order volume and orders per dark store. They also improved delivery time, item availability, and delivery reliability. The focus now is on user acquisition and increasing order frequency.
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Zomato to infuse Rs 300 crore in quick commerce unit Blinkit as battle intensifies with Swiggy, Zepto
Economic Times
·
1y ago
Medial
Zomato is set to invest Rs 300 crore in its quick commerce business Blinkit, bringing the total investment to Rs 2,300 crore since the acquisition in August 2022. The company will also invest Rs 100 crore in Zomato Entertainment Pvt Ltd, its subsidiary running live events and ticketing businesses. This investment comes as the competition in the quick commerce space intensifies, with rivals such as Swiggy Instamart and Zepto. Blinkit reported revenues of Rs 2,302 crore in fiscal 2024 and plans to expand its dark store count to 1,000. Blinkit's contribution to Zomato's market value has surpassed that of its food delivery business.
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Swiggy sees profitability a year away as fierce competition prompts infra investment
YourStory
·
7m ago
Medial
Swiggy, the Indian food delivery platform, is focusing on expanding its quick-commerce service, Swiggy Instamart. The company aims to double its dark store count by the end of FY25 and achieve positive adjusted EBITDA by late 2025. Swiggy is also seeing traction in its 10-minute food delivery feature, Bolt, which accounts for 5% of total food orders. Despite tough competition and increased marketing spends, Swiggy remains optimistic about its growth prospects and aims to achieve contribution margin break-even by the end of 2025.
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BigBasket to launch 10-minute food delivery across India by March 2026, executive says
VCCircle
·
1m ago
Medial
BigBasket plans to launch a nationwide 10-minute food delivery service in India by the end of fiscal 2026 in the competitive $7.1 billion quick-commerce market. Targeting customers of Zomato and Swiggy, it aims to increase its dark store count to 1,000-1,200 by 2025. Following a successful pilot in Bengaluru, it will expand to 40 dark stores. BigBasket will partner with Starbucks and Qmin for its menu, avoiding external collaborations.
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Investors queue up for more quick commerce startups with special focus
Economic Times
·
6m ago
Medial
Specialized quick commerce models are gaining traction, with startups like Swish and Kuik capturing investor interest. These ventures are focusing on rapid delivery services, such as Swish's 10-minute food delivery and Kuik's dark store networks for brands. Former executives from companies like Flipkart and Dunzo are exploring similar quick commerce initiatives. Despite interest, securing funding remains challenging due to competition and sustainability concerns. The quick commerce market could reach $25-55 billion by 2030.
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Blinkit eyes 2,000 dark stores by end-2026
Economic Times
·
11m ago
Medial
Blinkit, a quick commerce platform owned by Zomato, plans to expand its dark store count to 2,000 by the end of 2026, with a focus on major cities in India. According to the company's financial report for Q1 FY25, this expansion is aimed at tapping into undiscovered markets beyond the large cities. However, the speed of execution may impact short-term margins. In Q1 FY25, Blinkit recorded a revenue of Rs 942 crore and a gross order value of Rs 4,923 crore, indicating significant growth compared to the same period last year.
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Swiggy steps up quick commerce investment to Rs 1,179 crore, eyes 741 dark stores
Economic Times
·
8m ago
Medial
Swiggy is investing Rs 1,179 crore in its quick-commerce business, Swiggy Instamart, to expand its dark store network. The company plans to open more dark stores in cities where it already operates, as well as expand into new cities in the future. This investment comes as competition in the quick commerce sector increases, with rivals like Zomato-owned Blinkit and Zepto raising capital for growth. The quick commerce market in India is expected to reach $22 billion in gross merchandise value by 2027. Swiggy Instamart, Blinkit, and Zepto currently dominate the market with over 85% market share.
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Staffing firms see a spike in demand for quick commerce workers
Livemint
·
1y ago
Medial
Quick commerce companies like Zomato, Swiggy, and Zepto are experiencing a surge in demand for delivery executives and dark store staff as quick commerce continues to grow. The high demand is leading to increased competition among companies, resulting in poaching of executives and potential wage increases. The quick commerce market has seen significant growth, with average order values increasing and companies expanding their offerings beyond groceries. With the rise in quick commerce players, the demand for delivery personnel and fleet operations is expected to remain competitive.
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Not concerned about new competitors entering quick commerce space: Albinder Dhindsa of Blinkit
Economic Times
·
9m ago
Medial
Blinkit CEO, Albinder Dhindsa, stated that the company is not concerned about new competitors entering the market, as it provides customers with a unique service. Blinkit reported a significant rise in revenue and gross order value during Q1 of FY25. The company aims to expand its dark store count to 2,000 by the end of 2026. Competitors in the quick commerce sector include Swiggy Instamart, Zepto, Flipkart, BigBasket, Reliance Retail, and Amazon. The quick commerce channel has also fueled the growth of new-age brands.
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