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News on Medial
'Flipkart Minutes' to enter q-commerce market in July, rivalling Blinkit: Report
Livemint
·
1y ago
Medial
E-commerce giant Flipkart is set to launch its quick commerce initiative, 'Flipkart Minutes,' in July. The company aims to achieve 15-minute delivery times for electronics, groceries, and essential items. This marks Flipkart's third attempt in the quick commerce market, following previous unsuccessful ventures. The move is seen as a strategic effort to take advantage of Flipkart's established supply chain network. Despite not officially confirmed, the buzz around Flipkart Minutes indicates a renewed commitment to quick commerce. The competition in the sector is dominated by players like Blinkit, Zepto, and Swiggy's Instamart.
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Flipkart Minutes offering products at 10% lower prices than Blinkit: UBS Report | Mint
Livemint
·
11m 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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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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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 firms roll up sleeves for a big slice of festival season pie
Economic Times
·
8m ago
Medial
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.
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Flipkart Minutes, company’s quick commerce offering, goes live in Bengaluru
Money Control
·
11m ago
Medial
Flipkart Minutes, the company's quick commerce offering, has launched in select areas of Bengaluru. This move aligns with the growing importance of rapid delivery in e-commerce. Flipkart appointed Hemant Badri to lead this initiative. The service competes with established players like Blinkit, Swiggy Instamart, and Zepto. While Flipkart has experimented with quick delivery before, this new format aims to capture a share of the fast-growing quick commerce market.
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From Acquisition Talks to Talent Shift: Flipkart Taps Dunzo's Kabeer Biswas for Quick Commerce Boost
OutlookIndia
·
5m ago
Medial
Flipkart recently sought to enhance its quick commerce division, Flipkart Minutes, by potentially recruiting Kabeer Biswas, CEO and last-remaining co-founder of Dunzo. Previously, Flipkart was unsuccessful in acquiring Dunzo due to complexities in its ownership structure and opposition from its major shareholder, Reliance Retail. Dunzo faces financial challenges and talent departures, including Biswas, potentially benefitting Flipkart in its competitive quick commerce market against major rivals like Blinkit and Zepto.
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Flipkart Rolls Out INR 3 Platform Fee
Inc42
·
11m ago
Medial
Flipkart has implemented a platform fee of INR 5 for its quick commerce service, Flipkart Minutes. This fee brings Flipkart in line with other similar quick commerce players like Swiggy's Instamart and Zomato's Blinkit. However, the fee does not apply to Flipkart Grocery or Cleartrip, the company's travel vertical.
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After Bengaluru, Flipkart’s ‘Minutes’ Ventures Into Delhi’s Quick Commerce Turf
Inc42
·
10m ago
Medial
Walmart-owned Flipkart has expanded its quick commerce service, 'Minutes', to Delhi after initially launching in Bengaluru. The service offers fast delivery of groceries, electronics, smartphones, and other products within 8-16 minutes. This puts Flipkart in competition with Zepto, Zomato’s Blinkit, and Swiggy Instamart, who also offer similar delivery timelines.
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Flipkart sets sight on quick commerce ops expansion
Economic Times
·
7m ago
Medial
Walmart-owned Flipkart is planning to expand its quick commerce operations, responding to growing demand for faster deliveries. The ecommerce giant is piloting its quick commerce service, called 'Minutes', in cities like Bengaluru, Mumbai, and Delhi NCR. Flipkart is aiming to compete with popular delivery platforms such as Blinkit, Swiggy Instamart, Zepto, and BigBasket. The quick commerce market is expected to reach $40 billion by 2030. Flipkart's chief corporate affairs officer, Rajneesh Kumar, highlighted the potential of India's ecommerce market, which currently accounts for only 7% of the total retail market in the country.
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Flipkart to launch quick commerce service in few months
Thehindubusinessline
·
1y ago
Medial
Flipkart, owned by Walmart, is planning to launch its own quick-commerce service in select locations starting in May. With competition from Zomato's Blinkit, Swiggy's Instamart, and Zepto, Flipkart aims to deliver a wide range of products to customers with speed. The quick-commerce market is estimated to be worth $45 billion, with a projected GMV of $6.2 billion by 2025. According to a recent report, Blinkit holds the largest market share at nearly 40%, followed by Instamart at 37-39% and Zepto at around 20%.
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