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India's quick commerce booms in metros, but stays in slow lane in non-metros
YourStory
·
1m ago
Medial
India's quick commerce sector is experiencing a remarkable 150% year-on-year growth, primarily in metropolitan areas due to dark stores and expanding categories. However, non-metro regions account for only 20% of the sector's gross merchandise value, attributed to lower demand, digital literacy, and entrenched local shopping habits. Challenges such as higher delivery costs and limited customer bases hinder profitability in these areas. Success in smaller cities will require tailored strategies to meet local preferences and demands.
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Reliance chooses to run solo in quick-commerce marathon
Economic Times
·
1m ago
Medial
Reliance Industries has decided against acquiring companies in the quick commerce sector due to cost considerations, opting instead to grow its network organically. This strategy leverages existing infrastructure and focuses on establishing dark stores in high-order volume areas. Quick commerce has become a significant growth channel in India, particularly in metros, but ensuring profitability in non-metro areas remains challenging. Reliance's approach centers on delivering immediate convenience and meeting customer demand effectively.
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Zomato, Swiggy And The New Shades Of Food Delivery
Inc42
·
1y ago
Medial
Food delivery in India, particularly outside of metros and cities, is facing slow growth as quick commerce platforms like Blinkit, Zepto, and Swiggy Instamart gain popularity. The availability of ready-to-eat products and groceries on these platforms has impacted the food delivery business. Zomato's food delivery gross order value declined quarter-on-quarter, while quick commerce saw significant growth. Both Zomato and Swiggy are relying on platform fees to increase their take rate, but the future growth for food delivery depends on the growth in the restaurant business and attracting new customers. Despite the challenges, Zomato aims to optimize profits and improve profitability. Start-up funding in India has also seen a decline. Delhivery plans to expand into drone manufacturing and freight air transportation services.
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BigBasket set to fully play in quick commerce league
Economic Times
·
1y 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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Zepto’s Rakhi sales soar, Instamart and Flipkart Minutes also see festive boom
YourStory
·
20d ago
Medial
This year's Rakhi sales for quick commerce platforms like Zepto reached new heights, with peak sales hitting over 820 rakhis per minute, doubling last year’s record. Zepto’s Chief Business Officer noted a 30% increase in average order value and a 150% rise in order volumes compared to the previous year. Additionally, Instamart and Flipkart Minutes experienced significant booms in orders for sweets, chocolates, and gift hampers during the festive period.
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Zomato shares rally 8% as JPMorgan hikes target price to Rs 340
Economic Times
·
11m ago
Medial
Zomato's stock price increased by 7.6% after JPMorgan raised its target price and maintained an overweight rating. The brokerage firm believes that Zomato is leading the rapid transformation of retail consumer behavior through its convenience-focused Quick Commerce model. Zomato's expansion across metros and its integration of core dining with a new ticketing service are expected to drive monetization. JPMorgan has also raised its forecasts for Zomato's future performance. The company reported strong financial results, with a substantial increase in consolidated net profit and revenue growth for its quick commerce arm. Zomato's shares have rallied significantly over the past year.
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Fast, but furious: Quick commerce concerns burn billions from Zomato, Swiggy market caps
YourStory
·
6m ago
Medial
Zomato and Swiggy, major players in food delivery, are aggressively investing in quick-commerce to fend off competitors like Zepto, Flipkart, and Amazon. Despite rapid expansion, including opening new dark stores and ramping up discounts, both companies are experiencing stock declines, raising investor concerns. Swiggy's shares have dropped 37% since early 2025, while Zomato's fell 22%. Slow growth in their core business segments is adding to these financial challenges as they navigate the competitive quick-commerce landscape.
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Blinkit Seeing Non-Grocery Ecommerce Users Shift To The Platform: CEO Dhindsa
Inc42
·
1y ago
Medial
Blinkit, a quick commerce company, reported a 22% increase in revenue in Q1 FY25, reaching INR 942 Cr. CEO Albinder Dhindsa attributed this growth to the migration of non-grocery customers from traditional e-commerce platforms to quick commerce. Additionally, Blinkit has gained customers from mid-premium modern retail chains in major cities, further solidifying its market position.
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Ecommerce in competition with quick commerce
Economic Times
·
9m ago
Medial
The ecommerce sector in India is becoming more competitive as companies aim to offer same-day or two-four hour delivery services. This trend is being driven by the rise of "quick commerce" players. Major players like Flipkart, Nykaa, Myntra, and FirstCry are already offering same-day deliveries in metros and tier-1 cities. Myntra is piloting M-Now, a quick delivery service that promises delivery within 30 minutes to two hours in select Bengaluru pin codes. Other ecommerce platforms are also looking to offer faster deliveries, driven by increasing consumer demand.
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Swiggy integrates Mall offering with Instamart
Economic Times
·
1y ago
Medial
Food delivery platform Swiggy is integrating its Mall service with its quick commerce service Instamart. Swiggy Mall currently operates in select areas of Bengaluru and offers a range of non-grocery items. The move comes as competitors Zepto and Blinkit are also expanding beyond grocery products. Quick commerce platforms are experiencing robust growth in non-grocery categories, leading to the emergence of smaller direct-to-consumer brands seeking to join these platforms.
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ETSA 2024 | Quick commerce not impacting kirana stores: Zomato’s Deepinder Goyal
Economic Times
·
10m ago
Medial
- Deepinder Goyal, CEO of Zomato, stated that quick commerce platform Blinkit is not impacting local kirana stores, but rather affecting ecommerce platforms like Amazon and Flipkart. - Blinkit, Zomato's quick commerce division, achieved a revenue of Rs 942 crore in Q1 FY25, a significant increase from Rs 384 crore in the same quarter last year. - Blinkit reported a gross order value (GOV) of Rs 4,923 crore, with a 130% YoY growth in the April-June quarter. - Quick commerce platforms are operating as horizontal online marketplaces, offering a wider range of products and experiencing higher sales. - Blinkit's growth is attributed to increased consumption and a shift in market share from next-day ecommerce and mid-premium modern retail in major cities. - India's quick commerce market is projected to reach nearly $22 billion in gross merchandise value (GMV) by 2027, as per Bofa Securities.
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