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Flipkart likely to enter quick commerce space, how will it impact the market?
Livemint
·
1y ago
Medial
E-commerce giant Flipkart is planning to enter the quick commerce sector by establishing a network of dark stores in major Indian cities such as Bengaluru, Delhi, and Hyderabad. The company aims to offer 10-15 minute delivery services in twelve cities within the next few weeks, posing direct competition to existing quick delivery platforms. This is Flipkart's third attempt to enter the quick commerce space, and its success will rely on factors such as finding a strong product-market fit and optimizing technology and supply chain for quick turnarounds.
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Related News
10 Quick Commerce Newcomers Aiming To Replicate Blinkit, Zepto Formula
Inc42
·
8m ago
Medial
Blinkit, Instamart, and Zepto have reported revenue of over $1 billion in FY24, highlighting the strong demand for quick commerce services. Flipkart has launched "Minutes" to tap into this market, while Amazon is also planning to enter the quick commerce space. With the rise of new players in the industry, we have compiled a list of companies aiming to excel in the 10-minute delivery game.
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Flipkart challenges quick commerce space with new delivery venture, says report
Livemint
·
1y ago
Medial
Indian e-commerce giant, Flipkart, is planning to enter the quick-commerce sector by establishing a network of dark stores in cities like Bengaluru, Delhi, and Hyderabad. The company aims to offer 10-15 minute deliveries in a dozen cities within the next six to eight weeks. Flipkart will focus on fast-moving consumer goods, groceries, daily essentials, electronics, and fashion, setting itself apart from existing players like Blinkit, Swiggy Instamart, and Zepto. The quick-commerce market is growing in India, with a total addressable market value of $45 billion. Consolidation in the market is expected, and quick-commerce is anticipated to surpass traditional e-commerce.
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Flipkart Minutes offering products at 10% lower prices than Blinkit: UBS Report | Mint
Livemint
·
10m ago
Medial
A report by UBS analysts reveals that products on Flipkart Minutes, the newest player in the quick commerce sector, are priced approximately 10% lower than those on Blinkit, the current market leader. Flipkart Minutes is using introductory discounts to attract customers and build loyalty. As the quick commerce industry becomes more competitive, differentiated pricing is crucial for Flipkart Minutes to stand out and attract customers from established platforms. However, maintaining these discounts will be easier for Flipkart considering its size and experience. This move by Flipkart is an effort to protect its market position and compete in the quick commerce space.
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Online platforms, quick commerce spoil the party for DMart
Economic Times
·
9m ago
Medial
Shares of Avenue Supermarts, the owner of DMart retail chain, dropped over 8% after disappointing Q2 earnings. The company reported a 5.78% increase in consolidated net profit at Rs 659.44 crore, lower than analysts' expectations. The decline in profit was attributed to disruptions caused by online delivery platforms and quick commerce players. The company's standalone revenues grew by 14.2%, and it has no plans to enter the quick commerce space. Competitors like Amazon, Flipkart, and Zomato are ramping up their quick commerce offerings.
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Quick commerce boom: A look at top developments in rapid delivery space
Economic Times
·
10m ago
Medial
Several major players are planning to enter the quick commerce segment in India. Amazon India is set to launch its offering in early 2022 and is considering buying a stake in Swiggy's Instamart. BigBasket is pivoting to become a full-scale quick commerce platform, offering rapid deliveries. Swiggy has appointed a new CEO for Instamart and Bollywood superstar Amitabh Bachchan's family office has acquired a small stake in the company. Flipkart has introduced a quick delivery service called Minutes, while Zepto is looking to raise $310 million in funding. Ola is also planning to enter the dark stores space for quick commerce, and logistics companies like Ecom Express, Shadowfax, and Loadshare are venturing into the quick delivery business.
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For Boat, q-com is third-largest sales channel, says cofounder Aman Gupta
Economic Times
·
10m ago
Medial
Boat, a popular wearable and audio products brand, has identified quick commerce as its third-largest sales channel. According to Boat's co-founder Aman Gupta, certain brands find more success on quick commerce platforms than on traditional ecommerce channels like Amazon or Flipkart. Quick commerce is gaining traction in India, with new-age brands experiencing rapid growth in this space. Walmart-owned Flipkart has also recently entered the quick commerce market with its service called 'Minutes'. The quick commerce market in India is projected to grow by 35% to nearly $7 billion by 2025, offering significant growth opportunities for direct-to-consumer brands.
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Amazon rival Flipkart to enter quick commerce to challenge Zepto, Blinkit, Swiggy's Instamart
IndianStartupNews
·
1y ago
Medial
Walmart-owned Flipkart is reportedly planning to enter the quick commerce sector in India. The company aims to launch 10-15 minute delivery services in several cities within the next two months. This move will put Flipkart in competition with existing players like Zepto, Blinkit, and Swiggy's Instamart. Flipkart has been expanding its supply chain infrastructure to support this new offering, including the development of dark stores in major cities. The quick commerce market in India is valued at nearly $45 billion and Flipkart's entry is expected to heighten competition and expand the range of services available to customers.
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PhonePe enters quick commerce via Pincode: Report
Entrackr
·
6m ago
Medial
PhonePe enters quick commerce via Pincode: Report Walmart-backed PhonePe is set to enter the quick commerce market through its e-commerce venture, Pincode, according to a media report. This marks the third attempt by the Sameer Nigam-led company in online retail. In April last year, PhonePe's Pincode app exited non-food categories on the Open Network for Digital Commerce (ONDC). It now offers only food delivery and unreserved ticket booking on ONDC. According to a report by ET, Pincode has fully pivoted to the quick commerce model, launching 15-minute deliveries in select areas of six cities: Bengaluru, Mumbai, New Delhi, Pune, Hyderabad, and Varanasi. The company plans to expand its coverage to about 25% in these markets in the coming weeks, with the full service rollout expected between April and June 2025. Entrackr has reached out to PhonePe for comments. Following Flipkart, PhonePe will be the second company from the same group to venture into the instant delivery market, with Zomato and Blinkit being other notable examples in this space. In recent months, both established and emerging companies have entered the quick commerce sector. Blinkit, Zepto, and Instamart lead the market, while newcomers like Flipkart, BigBasket, and Amazon are expanding their presence. Beyond groceries, there's a growing trend of 10-15 minute food deliveries, with Swiggy, Zomato, Blinkit, Zepto, Ola, and Magicpin sequentially announcing their entry into this space.
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After Bengaluru, Flipkart Minutes goes live in Gurugram
Entrackr
·
10m 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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Quick Commerce Price Battle Intensifies As Flipkart Enters Blinkit & Swiggy’s Lane
Inc42
·
10m ago
Medial
Flipkart's entry into the quick commerce space could lead to a price war as it aggressively discounts products on its Flipkart Minutes platform. UBS Research analysts note that prices on Flipkart Minutes are 10% lower, suggesting it may be a strategy to gain market entry. The competition is set to increase with Ola planning to tap into the $5 billion opportunity by automating dark store operations.
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