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Flipkart Minutes eyes 550 dark stores before ‘Big Billion Days'

Economic Times

Economic Times · 6m ago

Flipkart Minutes eyes 550 dark stores before ‘Big Billion Days'

Flipkart is aggressively expanding its quick commerce segment, planning to reach 500-550 dark stores by its Big Billion Days sale event this year. Currently, with 120-150 dark stores, this growth aims to challenge Zomato’s Blinkit, Zepto, and Swiggy Instamart. Flipkart is increasing its market presence in Bengaluru and high-value order segments like electronics. As competition intensifies, the quick commerce sector is projected to grow from $21 billion to $31 billion by FY27.

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At zero dark 100, Flipkart to fire up quick commerce in festive season

Economic Times

Economic Times · 1y ago

At zero dark 100, Flipkart to fire up quick commerce in festive season

Flipkart plans to open around 100 dark stores ahead of its Big Billion Days sale to compete with quick commerce platforms. The move is aimed at cornering a chunk of sales in the fast delivery segment during the festive season. The e-commerce giant has started testing its Flipkart Minutes service with select users in certain areas, with plans to launch it in a couple of weeks. The service will initially offer vegetables, fruits, groceries, and electronics. The rapid delivery space is expected to witness intense competition and price wars as players like Zepto, Blinkit, and Instamart battle for market share.

Flipkart Minutes eyes profitability, higher order value via broader product mix

Economic Times

Economic Times · 2m ago

Flipkart Minutes eyes profitability, higher order value via broader product mix

Flipkart Minutes, Flipkart’s quick commerce division, is aiming for higher average order values and profitability by leveraging a broader product range from its parent platform. Operating 400 dark stores in 17 cities, the plan is to expand to 800 by year-end. The focus is on delivering a variety of categories within 10 minutes. By targeting long-tail categories, Flipkart Minutes seeks to enhance its margins, retain customers, and expand into tier-II and tier-III cities.

Amazon tests quick commerce Tez with staff, Flipkart doubles down with Minutes

Economic Times

Economic Times · 7m ago

Amazon tests quick commerce Tez with staff, Flipkart doubles down with Minutes

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.

Quick commerce firms roll up sleeves for a big slice of festival season pie

Economic Times

Economic Times · 9m ago

Quick commerce firms roll up sleeves for a big slice of festival season pie

Quick commerce platforms like Swiggy Instamart, Blinkit, Flipkart Minutes, and Zepto are using aggressive customer acquisition and retention tactics to gain a larger market share during the festive season. Swiggy Instamart has reduced the minimum order value for free delivery, while Blinkit has started offering free deliveries for orders above a certain amount. Flipkart Minutes has gained traction during its Big Billion Days sales, while Zepto is emerging as a strong competitor to Blinkit, especially in major markets. Quick commerce companies are also expanding their dark store footprint, investing in expansion and incentives to attract customers. Zomato's recent fundraising efforts aim to enhance cash balance and compete with other players in the market.

Flipkart Slows Down 'Minutes' Expansion to Reduce Cash Burn Ahead of IPO

OutlookIndia

OutlookIndia · 2m ago

Flipkart Slows Down 'Minutes' Expansion to Reduce Cash Burn Ahead of IPO

Flipkart is scaling back its ultra-fast delivery service, Minutes, to control financial losses ahead of its anticipated IPO. Originally active in 14 cities, Minutes will now focus on operating in eight major markets, which contribute the majority of quick commerce orders. This strategy aims to curb a monthly cash burn of around $40 million. Flipkart plans to expand its network of dark stores to enhance its service while preparing for a potential $60 billion IPO valuation.

Flipkart pulls Walmart's advertising business and global sales

YourStory

YourStory · 2m ago

Flipkart pulls Walmart's advertising business and global sales

Walmart's advertising business surged by 20% in Q1, driven by Flipkart's successful operations. Global net sales increased by 7.8% to $32.1 billion, fueled by growth in China, Flipkart, and Walmex. Despite improvements, the operating income for the international segment decreased due to investments in Flipkart, Walmex, and Canada. Flipkart is expanding its quick commerce with Flipkart Minutes, targeting 800 dark stores by year-end. Morningstar notes potential future growth from Walmart's investments in Flipkart and PhonePe.

Zepto eyes large orders with dark store expansion

Livemint

Livemint · 1y ago

Zepto eyes large orders with dark store expansion

Quick-commerce company Zepto is planning to establish larger dark stores to accommodate a wider range of products. The move comes as the online grocery platform aims to expand into non-grocery delivery and attract investors. These bigger storage facilities will act as hubs for delivering high-value items like electronics, appliances, and luxury goods within minutes. Zepto currently operates around 250 dark stores across major cities in India. The company's revenue grew significantly in FY23, but it also faced widening losses. Zepto is now looking to raise fresh funds ahead of a potential public listing in 2026.

Flipkart may limit its quick commerce expansion to top cities to reduce burn

Economic Times

Economic Times · 3m ago

Flipkart may limit its quick commerce expansion to top cities to reduce burn

Flipkart is scaling down its quick commerce expansion, limiting its Flipkart Minutes division to major cities to manage costs. While initially planned to expand to 800 stores, they now aim for 500-550 by October, focusing on Delhi-NCR, Mumbai, and Bengaluru. The shift reflects a cautious approach amid rapid sector growth but high operational costs. Flipkart's strategy highlights prioritizing profitability and preparing for a future IPO, while competitors like Blinkit and Instamart expand more aggressively.

UBS pegs $15.4 billion enterprise value to Zomato's Blinkit biz

Economic Times

Economic Times · 11m ago

UBS pegs $15.4 billion enterprise value to Zomato's Blinkit biz

According to UBS, Blinkit, a quick commerce platform valued at $15.4 billion, is contributing to Zomato's valuation more than its main food delivery business. UBS values Zomato at $32.1 billion, with quick commerce and food delivery both showing strong growth. Blinkit plans to expand its network of dark stores to 2,000 by 2026. UBS also noted increased competition in the quick commerce space, with new players such as Flipkart Minutes entering the market. UBS valued Zomato's food delivery business at $12.2 billion and its going-out business at $1.6 billion.

Quick Commerce Price Battle Intensifies As Flipkart Enters Blinkit & Swiggy’s Lane

Inc42 · 11m ago

Quick Commerce Price Battle Intensifies As Flipkart Enters Blinkit & Swiggy’s Lane

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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