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Flipkart's q-commerce entry weeks away, will take on Zepto, Blinkit, Instamart

Livemint

Livemint · 1y ago

Flipkart's q-commerce entry weeks away, will take on Zepto, Blinkit, Instamart

Flipkart, backed by Walmart, is set to enter the quick commerce market in India's top metro cities within a few weeks. The company plans to leverage its wide product range, understanding of consumer shopping habits, and strong platform to compete with players like Swiggy Instamart and Zomato's Blinkit. Analysts project a strong demand for quick commerce among urban users, with an average order value of ₹450-600 ($6-8) and a wide range of product categories. Flipkart aims to build a robust supply chain and cater to customer needs in a short span of time, while also exploring partnerships with small mom-n-pop stores.

Related News

'Flipkart Minutes' to enter q-commerce market in July, rivalling Blinkit: Report

Livemint

Livemint · 1y ago

'Flipkart Minutes' to enter q-commerce market in July, rivalling Blinkit: Report

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.

Amazon rival Flipkart to enter quick commerce to challenge Zepto, Blinkit, Swiggy's Instamart

IndianStartupNews

IndianStartupNews · 1y ago

Amazon rival Flipkart to enter quick commerce to challenge Zepto, Blinkit, Swiggy's Instamart

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.

Flipkart's quick commerce service 'Minutes' goes live in Bengaluru

Economic Times

Economic Times · 1y ago

Flipkart's quick commerce service 'Minutes' goes live in Bengaluru

Flipkart, owned by Walmart, has launched a quick commerce service called Minutes. Available in select areas of Bengaluru, the service delivers groceries, electronics, smartphones, and other products within 8-16 minutes. This move marks Flipkart's entry into the quick commerce space, competing with players like Swiggy's Instamart, Zomato's Blinkit, Zepto, and BigBasket's BB Now. Flipkart plans to stabilize the service in specific areas before scaling it up further. The launch comes as the ultra-fast delivery sector is expected to see intense competition during this year's festive season.

Tata’s Neu Looks To Ride The Quick Commerce Wave

Inc42 · 10m ago

Tata’s Neu Looks To Ride The Quick Commerce Wave

The Tata group is entering the quick commerce sector in India with its ecommerce venture, Neu. Neu is launching "Neu Flash" to cater to the growing demand for instant deliveries in the country. The service will offer groceries, electronics, and fashion products to select users, putting it in competition with major players like Blinkit, Zepto, Swiggy Instamart, and Flipkart's 'Minutes'.

Google Backs Flipkart In Walmart-Led Funding Round

Inc42 · 1y ago

Google Backs Flipkart In Walmart-Led Funding Round

Google is reportedly investing in Flipkart as part of the latter's $1 billion funding round, in which Walmart is also contributing $600 million. Walmart's investment is believed to be at a premium to Flipkart's valuation of $33 billion from its previous fundraising. Flipkart is seeking to venture into quick commerce to compete with the likes of Zomato's Blinkit, Swiggy's Instamart, and Zepto.

Months after unicorn tag, Zepto discusses round at $3-bn valuation

The Arc Web

The Arc Web · 1y ago

Months after unicorn tag, Zepto discusses round at $3-bn valuation

Indian quick-commerce player Zepto is reportedly in talks to raise a minimum of $300 million from global investors to double its valuation. The new funding round comes amid increased consumer demand for instant grocery and the entry of e-commerce giants Flipkart and Amazon into the quick-commerce market. Zepto, which aims to compete against larger players such as Instamart, Blinkit, and BigBasket, has shown improved operational efficiency and aims to reach EBITDA break-even within 12 to 15 months. The company also plans to expand beyond grocery and include categories such as apparel, gifting, and home goods on its platform.

Flipkart Minutes to expand dark store network to 800 by 2025-end: CEO Kalyan Krishnamurthy

Economic Times

Economic Times · 4m ago

Flipkart Minutes to expand dark store network to 800 by 2025-end: CEO Kalyan Krishnamurthy

Flipkart's quick commerce unit, Minutes, plans to expand its network to 800 dark stores by the end of 2025, revealed CEO Kalyan Krishnamurthy. As of now, Minutes operates close to 300 stores, aiming to enhance its position in the competitive rapid-delivery market, dominated by Zepto, Swiggy Instamart, and Blinkit. The success of this venture relies heavily on a scalable and reliable supply chain, as dark stores enable fast delivery of a wide range of products.

Flipkart sets sight on quick commerce ops expansion

Economic Times

Economic Times · 9m ago

Flipkart sets sight on quick commerce ops expansion

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.

India’s Quick Commerce Race: Blinkit on top after 2023; Can rivals catch up?

Inc42 · 1y ago

India’s Quick Commerce Race: Blinkit on top after 2023; Can rivals catch up?

The article discusses the challenges and prospects of quick commerce (q-commerce) in India, with a focus on the performance of Blinkit (formerly Grofers) in the sector. While the popularity of rapid grocery delivery surged during the pandemic, sustaining profitability and customer loyalty has proven challenging for many q-commerce players. Blinkit has emerged as a leading player in terms of customer service and app downloads. Other major players, such as Dunzo and Zepto, have faced financial difficulties and increasing losses. The article explores the future prospects and potential growth of the quick commerce market in India.

Flipkart challenges quick commerce space with new delivery venture, says report

Livemint

Livemint · 1y ago

Flipkart challenges quick commerce space with new delivery venture, says report

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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