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Flipkart’s supply chain head Hemant Badri to lead quick commerce business

Economic Times

Economic Times · 1y ago

Flipkart’s supply chain head Hemant Badri to lead quick commerce business

Flipkart is set to launch its quick commerce offering in July, with Hemant Badri leading the initiative as the Senior Vice President and Head of Supply Chain. The company plans to establish a network of dark stores to support its quick commerce operations. Badri brings over three years of experience at Flipkart and previously worked at Unilever and Colgate Palmolive. This move by Flipkart comes as quick commerce companies like Blinkit and Zepto expand their product offerings beyond groceries. Talks of a potential deal between Flipkart and Zepto fell through, leading Zepto to seek a $500 million funding round. Swiggy, another Bengaluru-based company, recently integrated its Mall offering with its quick commerce division, Instamart. Swiggy is also preparing for an IPO later this year.

Related News

Flipkart Minutes, company’s quick commerce offering, goes live in Bengaluru

Money Control

Money Control · 1y ago

Flipkart Minutes, company’s quick commerce offering, goes live in Bengaluru

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.

Former Airtel global CEO Vani Venkatesh joins Delhivery as chief business officer

YourStory

YourStory · 6m ago

Former Airtel global CEO Vani Venkatesh joins Delhivery as chief business officer

Vani Venkatesh has been appointed as the Chief Business Officer at Delhivery, effective February 28, 2025. With over two decades of experience from companies like Airtel and McKinsey, she will lead Delhivery's key business units, including transportation and supply chain services, as well as client servicing and marketing. Delhivery recently launched a quick commerce service processing over 300 orders daily, showcasing the growing demand for rapid delivery solutions.

Inside Flipkart’s Gameplan of Fighting the Quick Commerce War – Outlook Business

OutlookIndia

OutlookIndia · 1m ago

Inside Flipkart’s Gameplan of Fighting the Quick Commerce War – Outlook Business

Flipkart, although a late entrant to the quick commerce sector, rapidly expanded its operations with its Flipkart Minutes service, leveraging its nationwide infrastructure. The company aims to establish 800 dark stores by the end of the year, focusing on both metro and Tier 2 and 3 cities. Flipkart’s strategy capitalizes on its robust supply chain, existing customer base, and a cost-effective shared infrastructure to deliver rapid services and diverse product offerings, including electronics and fashion.

For D2C brands, Bertelsmann sees quick commerce as the next big growth driver

Livemint

Livemint · 1y ago

For D2C brands, Bertelsmann sees quick commerce as the next big growth driver

Quick commerce is expected to become an important channel for direct-to-consumer (D2C) companies, including those supported by Bertelsmann India Investments (BII), according to managing director Pankaj Makkar. Quick commerce gained popularity during the pandemic, allowing consumers to receive groceries and essentials in under 20 minutes. BII is primarily focused on consumer-tech startups and is exploring innovative business models in the D2C space, particularly in supply chain operations. The quick commerce market is currently worth $2.8 billion and is predicted to see 40-45% growth over the next three years.

Walmart is upbeat about Flipkart and PhonePe: Walmart CFO

YourStory

YourStory · 2m ago

Walmart is upbeat about Flipkart and PhonePe: Walmart CFO

Walmart is optimistic about Flipkart's strong growth, despite pressures on profitability due to significant investments in quick commerce. Flipkart plans to open 800 dark stores by year-end. India’s quick commerce segment constitutes about 20% of the ecommerce business, growing at 50%. Flipkart aims to hire 5,000 staff in 2025 across various sectors. Walmart CFO Rainey expresses excitement over Flipkart’s prospects and PhonePe’s upcoming IPO, highlighting India as an appealing market for Walmart.

Swiggy promotes Saurav Goyal as SVP for delivery

YourStory

YourStory · 2m ago

Swiggy promotes Saurav Goyal as SVP for delivery

Swiggy has promoted Saurav Goyal to Senior Vice President and Head of its Driver & Delivery Organization. Previously the SVP for business finance, Goyal will now oversee initiatives for Swiggy's delivery partners. He has been with the company for over five years and held roles at Ola, Flipkart, and Tata Communications. Goyal will continue to lead Business Finance until a replacement is found. This promotion occurs as competition intensifies in the quick commerce sector.

PhonePe doubles down on financial services; CEOs appointed for lending, insurance and wealth businesses

Money Control

Money Control · 1y ago

PhonePe doubles down on financial services; CEOs appointed for lending, insurance and wealth businesses

Fintech giant PhonePe is focusing on expanding its financial services offerings and has appointed CEOs for its lending, insurance, and broking businesses. Hemant Gupta will head the lending business, Vishal Gupta will lead the insurance business, and Ujjwal Jain will spearhead the wealth and broking business. The company recently entered the stock broking sector with its app, "Share.Market." PhonePe has crossed 500 million registered users and achieved a 77% growth in consolidated revenue for FY23. The company is valued at $12 billion.

Flipkart likely to enter quick commerce space, how will it impact the market?

Livemint

Livemint · 1y ago

Flipkart likely to enter quick commerce space, how will it impact the market?

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.

'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.

Honasa appoints Flipkart’s Yatish Bhargava as CBO

Entrackr

Entrackr · 2m ago

Honasa appoints Flipkart’s Yatish Bhargava as CBO

Honasa appoints Flipkart’s Yatish Bhargava as CBO Honasa Consumer Limited, the parent company of Mamaearth, has appointed Yatish Bhargava as Chief Business Officer with immediate effect. The post had been vacant since February 28, following the resignation of Zairus Master, who left the Gurugram-based firm citing personal reasons. Bhargava will also be designated as a Senior Management Personnel, the company informed in a stock exchange filing. Bhargava brings over 17 years of experience in P&L management and leading large-scale teams across general trade, modern trade, and e-commerce. Prior to joining Honasa, he held senior leadership roles at Flipkart and Hindustan Unilever Limited. Recently, Honasa elevated Karan Bajwa, who had been serving as Senior Vice President of Human Resources, to Chief Human Resources Officer (CHRO), and Avinash Dhagat, formerly Senior Vice President of Supply Chain, to Chief Supply Chain Officer (CSCO).

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