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News on Medial
Indians get hooked on 10-minute grocery apps, squeezing small retailers
Economic Times
·
1y ago
Medial
Swiggy, a SoftBank-backed company, is rapidly expanding its grocery delivery service in India. Swiggy's warehouses are strategically located to deliver groceries within minutes, posing a threat to traditional mom-and-pop stores that dominate the market. Quick commerce, driven by the convenience and speed it offers, has already captured a significant share of India's online grocery market and is predicted to account for 70% by 2030. Swiggy, valued at $10 billion, aims to target time-starved urban consumers and plans to increase its warehouse count from 500 to 750 by 2025. However, the profitability of this rapid delivery model remains uncertain.
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Swiggy, Zepto and Zomato's Blinkit cash in on quick commerce boom
VCCircle
·
1y ago
Medial
Swiggy, Zepto, and Zomato's Blinkit are capitalizing on the boom in quick commerce in India. Swiggy, backed by SoftBank, has expanded its grocery business, aiming to deliver orders within 10 minutes. This new model is threatening traditional small grocery stores and reshaping the way Indians shop. Quick deliveries currently account for 45% of the $11 billion online grocery market in India, with expectations that it will reach 70% by 2030. Swiggy plans to increase its warehouse count from 500 to 750 by 2025 and is diversifying its offerings beyond groceries into higher-margin products.
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Amazon launches a new grocery delivery subscription in the US
TechCrunch
·
1y ago
Medial
Amazon has launched a new grocery delivery subscription for Prime members and EBT cardholders in the US. The subscription costs $9.99 per month for Prime users and $4.99 per month for EBT cardholders. Subscribers receive free deliveries for grocery orders over $35 from Amazon Fresh, Whole Foods, and other local grocery and specialty retailers. The subscription offers one-hour delivery windows, unlimited 30-minute pickup, and priority access to recurring reservations. The new offering competes with Walmart Plus and Target's grocery delivery plans, which have similar minimum order limits. Additionally, Amazon is transitioning from its "Just Walk Out" technology to its Dash Cart for checkout purposes.
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PV Sindhu joins KiranaPro as investor and brand ambassador
Entrackr
·
5m ago
Medial
Quick commerce platform KiranaPro has roped in PV Sindhu, India’s badminton player, as both an investor and brand ambassador. The company didn’t reveal the financial details of the deal but confirmed that Sindhu’s investment is the first commitment in its seed funding round. PV Sindhu’s role will extend beyond just being the face of KiranaPro. According to the company, she will actively contribute to the brand’s vision of bridging the digital divide for small retailers. Her role as the brand’s official ambassador during IPL 2025 will further amplify KiranaPro’s presence on a national scale. Founded by Deepak Ravindran and Dipankar Sarkar, KiranaPro empowers local Kirana stores and supermarkets with its technology. By enabling 10-minute deliveries and providing flexible revenue models, KiranaPro ensures Kirana stores stay competitive in the retail landscape. Recently, KiranaPro acquired Joper.app, a hyperlocal grocery delivery service that connects small Kirana stores with customers, for an undisclosed amount. After this partnership, PV Sindhu will feature in multiple digital and traditional media campaigns, and wear the logo of KiranaPro on her jersey.
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Quick commerce companies quizzed by government over FDI, operating model
Economic Times
·
7m ago
Medial
The Indian government is scrutinizing quick commerce companies like Blinkit, Swiggy Instamart, Zepto, and Bigbasket over their foreign direct investment (FDI) compliance and impact on small retailers. Officials are concerned about potential violations, road safety issues from rapid delivery, and the effect on kiranas. Despite rapid growth and capital raising by companies, the Confederation of All India Traders claims these firms misuse FDI to disrupt the retail market, posing threats to small grocery shops.
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Blinkit CEO responds to restaurant body concerns on 10-minute food delivery
Economic Times
·
7m ago
Medial
Blinkit CEO Albinder Dhindsa announced the launch of Bistro, a 10-minute food delivery app, assuring that Zomato, its parent firm, will not use private brands on its main app to compete with restaurant partners. This follows concerns from the National Restaurants Association of India about standalone 10-minute delivery apps. Dhindsa emphasized that Bistro is an independent venture without using Zomato's restaurant data, ensuring ethical practices and potential benefits for the food ecosystem.
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StanChart’s investment arm agrees to sell Solv to Jumbotail
VCCircle
·
4m ago
Medial
Standard Chartered’s investment arm, SC Ventures, has agreed to sell Solv India to Jumbotail, a B2B marketplace. The acquisition aims to create a multi-category B2B e-commerce platform serving small retailers and MSME entrepreneurs. Solv India offers a digital commerce platform for MSMEs, while Jumbotail focuses on food and grocery digitalization. The deal, requiring regulatory approvals, involves Jumbotail co-founders leading the combined entity, and SC Ventures joining Jumbotail’s board.
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Instant Apps Transforming Indian Cities, Flipkart Plans Foray
StartupTalky
·
1y ago
Medial
Instant grocery delivery apps like Blinkit, Zepto, Swiggy Instamart, BBNow, and Dunzo Daily are transforming the retail sector in Indian metro cities. These apps provide consumers with convenience at their fingertips, allowing them to browse and order everyday necessities with just a few taps on their smartphones. The growth of instant apps has disrupted traditional retail models, prompting retailers to rethink their strategies. With advancements in logistics and technology, these platforms are expected to expand their reach and provide personalized shopping experiences for users. The quick commerce sector in India is projected to reach a market size of USD 5 billion by 2025, driven by increasing smartphone penetration and changing consumer preferences.
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Quick commerce app on ONDC Kiko Live plans Mumbai, Bangalore and Indore; exceeds 5,000 daily orders in Delhi
Economic Times
·
5m ago
Medial
Kiko Live, operating on the ONDC platform, achieved over 5,000 daily orders within a month of launching its consumer app, KikoShop, in Delhi. It aims to expand to 20 more cities, targeting 25,000 daily orders. Founded in 2020 to support small retailers with SaaS solutions, Kiko Live plans more onboarding in Bangalore, Mumbai, and Indore. It enables seamless grocery shopping through unique features like multi-search and aims to address the shift towards digital retail efficiently.
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JioMart Rolls Out Pilot In Mumbai, Navi Mumbai For Grocery Delivery In An Hour
Inc42
·
1y ago
Medial
JioMart has launched its quick commerce delivery service on the JioMart app, starting with hyperlocal grocery delivery. The company plans to expand this service to include apparel and electronic items in the future. Previously, JioMart had a 90-minute grocery delivery service called JioMart Express, but it was discontinued last year.
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BigBasket set to fully play in quick commerce league
Economic Times
·
11m ago
Medial
BigBasket, India's largest e-grocer, plans to transition into a full-scale quick commerce platform to meet the rising demand for rapid deliveries. The company's BB Now, which currently offers 10-30 minute delivery service, will exclusively focus on quick deliveries starting next month. BigBasket aims to generate $1 billion of its $1.5 billion sales target for the year through quick commerce. By adopting multiple dark stores and large warehouses, the company plans to address demand by carrying a wide range of grocery and non-grocery items. Other players in the quick commerce space include Blinkit, Zepto, and Swiggy Instamart.
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