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News on Medial
Flipkart rebrands Grocery as ‘Kilos,’ claims to offer wholesale prices for everyday essentials
YourStory
·
5m ago
Medial
Flipkart has rebranded its grocery service from 'Grocery' to 'Kilos,' focusing on offering essentials at wholesale prices. Unlike the quick delivery service Minutes, Kilos shows longer delivery times similar to Amazon Fresh. Promoted through the BIG Bachat Day Sale, it aims to encourage grocery stocking with discounts. The update follows the integration of ex-Dunzo CEO Kabeer Biswas, working on expanding Flipkart Minutes, including a quick medicine delivery initiative in major cities.
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Amazon's plan to tackle Temu, Shein? Sell more toothpaste
Economic Times
·
8m ago
Medial
Amazon's focus on offering everyday essentials such as toothpaste is impacting its average selling prices, but it serves as a defense against competitors like Shein and Temu that provide goods at extremely low prices from China. While Amazon's stock has seen a 27% increase this year, its market share in apparel has declined due to the expansion of Shein and Temu. However, Amazon's inclusion of everyday household products with quick delivery has proven successful. The strategy of providing cost-saving options and increasing customer spending may lead to further pressure on Amazon's selling prices in the fourth quarter. Walmart and Target are also fierce competitors in the race to lower prices for essentials.
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On an expansion spree: Flipkart Minutes is now live in Thane
YourStory
·
7m ago
Medial
Flipkart has expanded its quick commerce service, Flipkart Minutes, to parts of Thane, Maharashtra. This service is now available in various areas in Thane, as well as in Bengaluru, Gurugram, and parts of Mumbai. Flipkart Minutes is a fast delivery service that aims to compete with other players in the market, such as Zepto and Swiggy Instamart. This expansion comes shortly after Amazon announced its plans to pilot a similar service, 'Project Tez', for quick delivery of everyday essentials. Other ecommerce marketplaces like Myntra and Nykaa have also ventured into the quick commerce space.
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Flipkart Eyes Quick Commerce Foray To Take On Zepto, Blinkit
Inc42
·
1y ago
Medial
Ecommerce giant Flipkart is reportedly entering the quick commerce space to compete with players like Zepto, Zomato's Blinkit, and Swiggy's Instamart. Flipkart is planning to launch 10-15 minute delivery services in multiple cities within the next few weeks. The company is also setting up dark stores in cities like Bengaluru, Delhi-NCR, and Hyderabad. Quick commerce has gained popularity in Tier-I cities, especially for grocery shopping. Flipkart aims to have a wider product catalog, focusing on FMCG, groceries, daily essentials, electronics, and fashion.
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Hyperlocal Delivery Beyond Groceries: Diversifying Product Offerings In Quick Commerce
Inc42
·
1y ago
Medial
Quick commerce, also known as hyperlocal delivery, has evolved beyond grocery delivery to include a diverse range of products. With the growing demand for immediacy and convenience, quick commerce platforms are catering to consumers' on-demand needs by offering a wide range of products with lightning-fast delivery times. In addition to groceries, these platforms now provide items such as pharmaceuticals, electronics, pet supplies, household goods, stationery, books, and toys. However, expanding product offerings comes with challenges such as maintaining service quality, logistics complexity, and balancing variety with efficiency. Despite the challenges, quick commerce has the potential to revolutionize the way we shop for everyday essentials and more.
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WPI inflation falls to a 20-month low of -0.1% in June
Economic Times
·
2d ago
Medial
India's wholesale inflation declined to a 20-month low of -0.1% year-on-year in June, driven by reduced food and fuel prices and moderation in manufactured goods costs. Economists predict Wholesale Price Index (WPI) inflation might remain negative in July due to ongoing deflation in food and crude oil prices. The commerce ministry cited decreased prices of food articles, mineral oils, and crude petroleum as primary factors for June's negative inflation rate.
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Travel in style with exclusive Amazon Great Indian Festival deals on luggage
Livemint
·
9m ago
Medial
The Amazon Great Indian Festival is offering huge discounts of over 80% on a wide range of luggage items. From suitcases and trolley bags to duffel bags and laptop backpacks, top brands are available at unbeatable prices. Whether you need travel essentials for your next adventure or stylish bags for everyday use, this sale has something for everyone. Upgrade your luggage collection with quality products designed for frequent travelers or weekend getaways. Don't miss out on these amazing deals during the festival.
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Amazon joins quick commerce race, to focus on beauty and home next
Economic Times
·
5m 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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Qcomm fires up discounts with rivals getting quicker
Economic Times
·
1m ago
Medial
The proliferation of quick commerce platforms like Amazon and Flipkart has led to intense discounting, reaching 20-25% on maximum retail prices across various categories. This increase in competition within a crowded market has made price differentiation crucial, causing cash burn to intensify. In this rapidly evolving sector, platforms are offering steep discounts on essentials like dairy and groceries to attract customers, as indicated by various insiders familiar with the industry.
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Enterprise e-commerce rides quick commerce wave, but credit challenges remain
Livemint
·
6d ago
Medial
Enterprise e-commerce startups, like Flipkart Wholesale and Moglix, are enhancing their delivery capabilities to offer quicker services, such as same-day and next-day deliveries. This trend is driven by the need to boost customer loyalty and remain competitive. Faster deliveries help compress the procurement cycle, trigger early invoicing, and accelerate cash flow across supply chains. However, despite these advancements, startups face challenges related to credit management in the business-to-business supply ecosystem.
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Libas Partners with Zepto for 10-Minute Fashion Delivery in 50+ Cities
StartupTalky
·
1m ago
Medial
Libas has partnered with Zepto to offer 10-12 minute fashion delivery in over 50 Indian cities, including major metropolitan areas like Delhi, Mumbai, and Bengaluru. This collaboration allows Libas to advance its digital-first strategy and make fashion instantly accessible, leveraging Zepto’s hyperlocal delivery network. Libas’ product range on Zepto includes best-selling kurta sets and everyday essentials. The partnership underscores the trend of quick commerce in fast-paced lifestyles, empowering consumers with immediate style access.
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