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ETtech Exclusive | Amazon set to roll out its quick commerce service next year: sources
Economic Times
·
12m 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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Related News
Amazon India Mulls Foray Into Quick Commerce Space Early Next Year
Inc42
·
12m 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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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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After Bengaluru, Flipkart Minutes goes live in Gurugram
Entrackr
·
11m 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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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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Amazon pilots quick commerce service in select pincodes of Bengaluru
YourStory
·
6m ago
Medial
Amazon has launched pilots for Amazon Now in Bengaluru to compete in the quick commerce sector. Offering a 10-minute delivery promise, this service marks Amazon's entry into quick commerce. The move follows the success of platforms meeting urban consumers' demand for rapid delivery, expanding beyond Amazon Fresh's two-hour delivery. This initiative positions Amazon alongside competitors like Flipkart and Tata Digital in the burgeoning quick commerce market, emphasizing faster delivery of daily essentials.
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Flipkart to roll out quick-commerce venture soon
Economic Times
·
1y ago
Medial
E-commerce giant Flipkart is reportedly planning to launch a quick-commerce service in the next few months, according to sources. The specifics, such as the timeline and number of cities, are still unknown. This move follows the growing presence of quick-commerce firms like Zepto and Blinkit, who have been expanding their offerings in categories such as fashion, beauty, electronics, and more. Flipkart has been investing in enhancing its delivery capabilities, including same-day delivery in 20 cities, and is committed to meeting evolving customer expectations. The Indian quick-commerce sector has the potential to expand into a wider array of product offerings in the future.
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Exclusive: Flipkart to take on Zepto, Blinkit with quick commerce foray
Entrackr
·
1y ago
Medial
The quick commerce sector is all set to heat up once again as India’s e-commerce giant is now eyeing the segment. Flipkart has started ramping up infrastructure for its quick commerce play, three sources aware of the details of the plan told Entrackr. “Flipkart will launch 10-15 minutes delivery in at least a dozen cities in the next six to eight weeks,” said one of the sources requesting anonymity. “It’s building up a chain of dark stores across several cities including Bengaluru, Delhi (NCR) and Hyderabad among others.” Flipkart’s foray into quick commerce comes at a time when experts anticipate that quick commerce would end up eating into the e-commerce pie sooner than later in India. The total addressable market for quick commerce in India is nearly worth $45 billion, according to a 2022 Redseer report. More importantly, quick commerce has proven to be surprisingly resilient in the last couple of years, with both Zepto and Zomato’s Blinkit doing more than enough to convince investors that the concept has a future in India. While Zepto was rewarded with a unicorn round, Blinkit’s (formerly Grofers) turnaround and Swiggy Instamart’s growth have been bright spots in terms of scaling up with improving margins for their owners. “If you look at Flipkart’s recent launches, it hints at the firm’s foray into quick commerce. It launched same-day delivery in 20 cities a couple of weeks ago… the company began delivering flowers and cakes around the Valentine season (February 2024),” an analyst covering the e-commerce and quick commerce segments, requesting anonymity, told Entrackr. Sources indicate that Flipkart will have a wider catalog than incumbents such as Zepto and Blinkit. “The company will have a sharp focus on FMCG, grocery and daily essentials but it would also push categories such as electronics, fashion,” added the person quoted above. It’s worth mentioning that the current quick commerce players have also been steadily expanding and diversifying their offerings. Responding to queries sent by Entrackr, a Flipkart spokesperson said they are working towards delivering a wide range of products with speed. “Over the past few months, we have made several investments to enhance our delivery capabilities, including adding same-day delivery in 20 cities. This covers mobiles, essential items, electronics, home appliances, fashion, books and lifestyle products,” said the spokesperson. “We are committed to meeting evolving customer expectations and delivering excellence in value, selection and speed, with more initiatives expected on this front in the coming months.” Over the past three years, quick commerce gained quick ground in top 15 Indian cities and top three players in the segment—Blinkit, Swiggy Instamart and Zepto—managed to gain sizable scale. Sources outlined that BlinkIt does around 6 lakh orders a day while Swiggy InstaMart and Zepto’s daily volume hover around 5 lakh and 3 lakh, respectively. According to Entrackr sources and data available in the public domain, Blinkit has an average revenue run rate of Rs 12,000 crore in the ongoing fiscal year whereas Swiggy Instamart ARR (read as GMV) stands at around Rs 8,000-8,500 crore. Zepto’s gross merchandise value has neared Rs 7,000 crore. Fresh from its last funding round, Zepto has been noticeably feistier — with a larger catalog and stronger marketing push. Meanwhile, Reliance and Google-backed Dunzo lost its mojo. The firm failed to raise a new round in the past two years and reported only Rs 226 crore in revenue in FY23 with losses of Rs 1,801 crore. As per reports, Flipkart engaged in discussion regarding a potential acquisition of the Kabeer Biswas-led firm. While all that might sound good, the fact that no one disagrees is that the market is not big enough for so many players, making this a matter of staying in power for most. Or perhaps, even newer operating models that might ensure sustainable growth. The broad direction so far, of an ever widening catalog and higher value transactions like electronics items etc, indicates the bleeding will not stop anytime soon.
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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 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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Amazon tests quick commerce Tez with staff, Flipkart doubles down with Minutes
Economic Times
·
7m 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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