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Myntra expands rapid delivery service M-Now to Delhi-NCR and Mumbai
YourStory
·
1m ago
Medial
Myntra has expanded its rapid delivery service, M-Now, to Delhi-NCR and Mumbai to meet growing demand for quick fashion deliveries. The service is supported by over 40 dark stores and robust logistics, including in-house and third-party fleets. This expansion follows successful pilots and significant growth in daily orders. M-Now has also shown lower return rates, attributed to its focus on high-intent, occasion-led purchases. Competitors like Nykaa are also exploring quicker delivery models.
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Blinkit to sell laptops, monitors, printers in 10 minutes
Economic Times
·
7m ago
Medial
Zomato-owned Blinkit has expanded its product offerings to include laptops, monitors, and printers, aiming for 10-minute delivery, according to CEO Albinder Dhindsa. This expansion makes Blinkit the third player in the rapid delivery space to offer higher-value electronics, following Flipkart Minutes and Bigbasket’s BB Now. The service is currently available in Delhi NCR, Pune, Mumbai, Bengaluru, Kolkata, and Lucknow, with plans to add more brands and products soon.
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Myntra pilots foray into quick commerce with 'M-Now' in select locations of Bengaluru
Economic Times
·
8m ago
Medial
Myntra, the lifestyle ecommerce platform backed by Flipkart, is testing a new quick delivery service called M-Now in select areas of Bengaluru. This service guarantees delivery within two hours and currently offers a limited selection of products. Myntra plans to expand the service to more locations based on the pilot's results. Myntra had previously launched an express delivery service called M-Express in metro cities, aiming to deliver products within 24-48 hours. Myntra is one of the first specialized fashion platforms to enter the quick commerce arena. The company has a strong user base and reported a 25% increase in revenue from operations in FY23.
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Fast fashion brand Newme launches 60-minute delivery service in Bengaluru
Economic Times
·
2m ago
Medial
Fast fashion brand Newme has launched a 60-minute delivery service, Newme Zip, in Bengaluru, following its success in Delhi. Catering to Gen Z customers seeking current styles and fast access, Newme offers over 1,500 fashion styles through a network of dark stores. The company plans to expand this rapid service to Mumbai and Hyderabad soon. Quick delivery is emerging as a trend, with platforms like Myntra also offering expedited services in the fashion industry.
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Myntra brings quick delivery to online fashion, launches 30-minute service
Economic Times
·
8m ago
Medial
Myntra, India's leading online fashion retailer, has launched a 30-minute delivery service called M-Now in Bengaluru. The company plans to expand this service to other cities in the near future. M-Now will deliver fashion, beauty products, and accessories using dark stores and retail stores. Myntra aims to increase the number of SKU offerings for quick delivery to over 100,000 within a few months. The move comes as Myntra aims to tap into the growing demand for quick commerce in the fashion industry. Other players in the market, such as Instamart and Blinkit, are also in talks with apparel and footwear manufacturers for quick delivery services.
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Myntra secures Rs 1,063 crore funding from Singapore-based parent entity
Economic Times
·
2m ago
Medial
Online fashion retailer Myntra secured Rs 1,062.5 crore in funding from FK Myntra Holdings. The funding comes as Myntra expands to Singapore with its new platform, Myntra Global, offering Made-in-India brands. Despite facing competition from players like Shein, Myntra recently turned profitable, reporting a net profit of Rs 31 crore for FY2024. Additionally, Myntra is entering the rapid delivery space with M-Now to compete with quick commerce platforms like Zepto and Swiggy Instamart.
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After Xiaomi smartphones, Blinkit to now deliver Smart LED TVs in 10 minutes
Business Today
·
5m ago
Medial
Blinkit, a Zomato-owned platform, is expanding its rapid delivery service by offering 10-minute delivery for smart LED TVs. This move follows their recent partnership with Xiaomi and Nokia to deliver smartphones within the same timeframe in regions like Delhi NCR, Mumbai, and Bengaluru. This initiative highlights Blinkit's strategic focus on quick commerce, catering to consumers' growing demand for instant access to electronic products across select Indian cities.
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Nykaa, Licious amp up quick commerce game as consumers demand instant gratification
Economic Times
·
10m ago
Medial
- Nykaa has launched a 10-minute delivery pilot in Borivali, Mumbai, as part of the quick commerce trend. - Licious is conducting a pilot for delivering ready-to-eat food items in Gurgaon in about 15 minutes. - Myntra is testing a 4-hour delivery plan in four cities, including New Delhi and Bengaluru. - Beauty has become one of the top-grossing categories in rapid delivery platforms like Blinkit, Zepto, Swiggy Instamart, and BB Now. - Nykaa plans to expand the 10-minute delivery service to more locations in Mumbai, focusing on low-priced items like kajal pens, foundations, and skincare products. - Quick commerce platforms with a wide range of SKUs and deep supply-side relationships are likely to play a significant role in vertical categories like beauty, fashion, and home decor.
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Amazon Now expands quick commerce offering in Delhi after Bengaluru - The Economic Times
Economic Times
·
1m ago
Medial
Amazon has expanded its quick commerce service, Amazon Now, to parts of Delhi following its launch in Bengaluru. The service aims for rapid delivery of daily essentials and plans to establish 300 dark stores across major cities by year-end. Competing with Blinkit, Zepto, and others, Amazon intends to scale quickly before Prime Day and Diwali sales. Amazon Now offers groceries and other essentials, with plans to extend across more Indian cities.
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Ecommerce looks to cut delivery timelines as quick commerce looms
Economic Times
·
8m ago
Medial
The ecommerce sector in India is becoming increasingly competitive as companies aim to offer same-day or even two-four hour delivery. This trend, driven by quick commerce players, is prompting major ecommerce firms like Flipkart, Nykaa, Myntra, and FirstCry to conduct pilots in major cities to determine the feasibility of faster deliveries. Myntra has launched a quick delivery service called M-Now, offering delivery within 30 minutes to two hours in select Bangalore pin codes. Other companies, like Nykaa and FirstCry, are also focusing on speeding up their delivery processes to meet customer demand.
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Taking on Porter, Uber launches logistics service Courier XL for delivery of large goods
Economic Times
·
2m ago
Medial
Uber has launched Courier XL, a logistics service for large goods in Delhi NCR and Mumbai, with plans to expand further. Utilizing three and four-wheeler vehicles, it accommodates packages up to 750 kilograms, aiming at small businesses and households needing reliable large-item transport. The service is an extension of Uber Courier, a bike-based delivery service, now in 25 cities. Courier XL will compete with services like Porter and Delhivery in this growing market.
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