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F&B, quick commerce log 40-50% sales jump on T20 final night

Economic Times

Economic Times · 1y ago

F&B, quick commerce log 40-50% sales jump on T20 final night

F&B and quick commerce companies experienced a surge in sales and revenues during the T20 World Cup final and India's victory against South Africa. Simpl, a merchant checkout network, reported a 40% increase in consumer spending on its platform during the final. One8 Commune restaurant and The Beer Cafe also saw significant revenue increases on that day. Other outlets, such as SOCIAL and Charlee restaurant, experienced higher sales as well. The events created a lively atmosphere and attracted both regular and new customers, resulting in increased revenue for these businesses.

Related News

Food Inc eyes quicker commerce on match day

Economic Times

Economic Times · 1y ago

Food Inc eyes quicker commerce on match day

Quick commerce and food delivery platforms, as well as restaurants and consumer brands, are preparing for a surge in orders during the T20 World Cup final between India and South Africa. Bars and restaurants screening the match expect a full-house and anticipate a 20-50% increase in online sales. Snack brands, available on delivery platforms, are also expecting a sharp spike in sales. Swiggy, a major food delivery platform, predicts a significant surge in orders during the match, particularly during dinner peak hours. Discounts, marketing campaigns, and special offers are expected to boost sales further. However, the outcome and weather conditions could impact sales.

From Hotels to Meals: OYO Bets on F&B Biz with In-House Kitchens, QSR Carts

OutlookIndia

OutlookIndia · 4m ago

From Hotels to Meals: OYO Bets on F&B Biz with In-House Kitchens, QSR Carts

OYO is venturing into the food and beverages (F&B) industry through in-house kitchens and Quick Service Restaurants (QSR) carts in its hotels. Targeting 1,500 hotels by FY26, this initiative aims to enhance guest experiences and generate extra revenue. Townhouse Cafe will offer ready-to-eat meals, catering to various customer needs. After a successful pilot in select cities, OYO projects the F&B segment to contribute 5%-10% to hotel revenues, enhancing customer satisfaction across key locations.

Tata-Owned BigBasket To Fully Pivot To Quick Commerce Model Next Month

Inc42 · 1y ago

Tata-Owned BigBasket To Fully Pivot To Quick Commerce Model Next Month

BigBasket will offer exclusive 10-30 minute delivery through its quick commerce arm BBNow, focusing on this vertical which accounts for 50% of its sales. The move comes as BigBasket aims for a public listing by 2025.

Indian quick-commerce Zepto zooms to $1.2B in annualized sales, Goldman says

TechCrunch · 1y ago

Indian quick-commerce Zepto zooms to $1.2B in annualized sales, Goldman says

Indian quick-commerce startup Zepto has achieved over $1 billion in annualized sales in just 29 months since its launch. The company has also gained significant market share, nearing that of the second-largest player in the market. Zepto offers 10-minute delivery of various items such as groceries and electronics. The startup anticipates substantial growth in its gross order value, with the potential to expand into 40-50 cities in the future. Zepto is backed by investors including YC Continuity, StepStone Group, and Glade Brook Capital.

Quick commerce is not where Nykaa wants to jump in: CEO Nayar

Inshorts · 10m ago

Quick commerce is not where Nykaa wants to jump in: CEO Nayar

Nykaa CEO Falguni Nayar said quick commerce is more about a wider set of stock-keeping units (SKUs), which includes groceries and everyday goods. "This is not where Nykaa wants to jump in...I think what quick commerce is solving for is a very different use case," she said. Nykaa is continuously focused on improving delivery timelines, Nayar added.

India-Australia World Cup Final: sales of chips, jerseys, puja flowers zoom on Blinkit, Zepto

Economic Times

Economic Times · 1y ago

India-Australia World Cup Final: sales of chips, jerseys, puja flowers zoom on Blinkit, Zepto

Quick commerce companies Blinkit and Zepto are seeing a surge in sales of puja flowers and chips during the India-Australia World Cup final. Zepto's CEO Aadit Palicha mentioned a spike in puja flower sales during the match, while Blinkit's CEO Albinder Dhindsa noted that orders for chips were on track to reach an all-time high. Both companies also reported a high demand for Indian cricket team jerseys, promising speedy deliveries.

Midnight's new children fuel booming late-night delivery economy

Livemint

Livemint · 2m ago

Midnight's new children fuel booming late-night delivery economy

Restaurants and quick commerce platforms in India are experiencing a notable rise in late-night orders due to shifting consumer lifestyles and the convenience of food delivery apps. Despite this growth, challenges remain, such as obtaining permits and managing logistics for late-night services. This emerging trend is driven by the increasing number of available brands and consumers' hectic work schedules, transforming late-night hours into a new prime time for businesses.

Logistics firm Shadowfax eyes $50 million, doubling value to $700 million

Economic Times

Economic Times · 10m ago

Logistics firm Shadowfax eyes $50 million, doubling value to $700 million

Bengaluru-based logistics startup Shadowfax is in the final stages of raising Rs 350-400 crore (approximately $45-50 million) in funding, which could double its valuation to around Rs 5,500-6,000 crore ($700 million). This round is expected to be the company's last before its IPO. Shadowfax specializes in quick-commerce and same-day ecommerce deliveries, with plans to expand its operations in the quick-commerce sector, dark store operations, and same-day delivery. In the fiscal year 2024, the company generated operating revenue of Rs 1,900 crore, projected to increase to around Rs 2,500 crore in fiscal year 2025.

QSR brands riding on qcomm wave with customised offerings

Economic Times

Economic Times · 5m ago

QSR brands riding on qcomm wave with customised offerings

Quick service restaurant (QSR) brands like Wow Momo, Chaayos, and Blue Tokai are expanding their presence on quick commerce platforms such as Blinkit and Swiggy Instamart. They offer customized versions of popular products to leverage growing demand for instant delivery. Founders report rapid sales growth, with quick commerce now a significant sales channel. This trend mirrors that of large FMCG companies, as QSR brands capitalize on quick commerce amidst sluggish growth in traditional food delivery.

Senco Gold in advanced talks to buy Melorra as it takes a shine to e-commerce

Livemint

Livemint · 10m ago

Senco Gold in advanced talks to buy Melorra as it takes a shine to e-commerce

- Kolkata-based jeweller Senco Gold is looking to acquire omnichannel jewellery retailer Melorra to expand its e-commerce presence. - The deal is expected to be valued at ₹40-50 crore, but the final valuation is still being negotiated. - Senco is one of several potential buyers Melorra has been in talks with, as the company is in need of capital. - Due diligence is currently underway and the deal will be confirmed upon satisfactory completion of the process. - Senco has been focusing on boosting its online sales and derived about ₹30 crore of its revenue from e-commerce. - Melorra, founded in 2015, has raised about $88 million in equity funding but has been facing financial difficulties, with rising losses and cash outflows.

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