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Now, JioMart Plans Quick Commerce Foray To Take On Blinkit, Swiggy Instamart, Zepto

Inc42 · 1y ago

Now, JioMart Plans Quick Commerce Foray To Take On Blinkit, Swiggy Instamart, Zepto

Reliance Industries Ltd (RIL) is planning to enter the quick commerce segment to compete with companies like Blinkit, BigBasket, Swiggy Instamart, and Zepto. JioMart, the digital commerce arm of RIL's subsidiary Reliance Retail, is expected to start offering grocery delivery in select cities within 30 minutes, starting next month.

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Related News

Swiggy steps up quick commerce investment to Rs 1,179 crore, eyes 741 dark stores

Economic Times

Economic Times · 9m ago

Swiggy steps up quick commerce investment to Rs 1,179 crore, eyes 741 dark stores

Swiggy is investing Rs 1,179 crore in its quick-commerce business, Swiggy Instamart, to expand its dark store network. The company plans to open more dark stores in cities where it already operates, as well as expand into new cities in the future. This investment comes as competition in the quick commerce sector increases, with rivals like Zomato-owned Blinkit and Zepto raising capital for growth. The quick commerce market in India is expected to reach $22 billion in gross merchandise value by 2027. Swiggy Instamart, Blinkit, and Zepto currently dominate the market with over 85% market share.

Quick commerce platforms go all-in on festive discounts - The Economic Times

Economic Times

Economic Times · 5d ago

Quick commerce platforms go all-in on festive discounts - The Economic Times

Quick-commerce platforms like Blinkit, Zepto, and Swiggy Instamart are engaging in a price war, offering discounts up to 70% on items to attract customers during the festive season. New competitors such as Flipkart Minutes and JioMart are intensifying competition, leading to heightened discounts on essentials and festival products. Despite rising losses, these platforms aim for customer acquisition and increased sales, with items being offered at prices lower than local stores across diverse categories.

Blinkit expands to Jammu. Here's where it will deliver

YourStory

YourStory · 7m ago

Blinkit expands to Jammu. Here's where it will deliver

Blinkit, a quick commerce platform, has launched operations in Jammu, with three stores now serving areas like Trikuta Nagar and Roop Nagar. Founder and CEO Albinder Dhinsa expressed enthusiasm about bringing quick delivery to these regions. This expansion comes amid growing competition among quick commerce players including Zepto and Swiggy Instamart. Blinkit recently appointed Vipin Kapooria as CFO to bolster financial operations. India's quick commerce market is valued at $3.34 billion, with substantial growth potential.

Amazon joins quick commerce race, to focus on beauty and home next

Economic Times

Economic Times · 6m ago

Amazon joins quick commerce race, to focus on beauty and home next

Amazon has launched its quick delivery service, Amazon Now, in select Bengaluru areas, expanding beyond an initial employee-only pilot. The initiative focuses on quick delivery of items, primarily grocery and daily essentials, with plans to add beauty, home, and kitchen categories. This entry into the quick commerce sector is part of a strategy amid growing competition. Amazon's service is set against rivals like Flipkart, Swiggy Instamart, Blinkit, and Zepto, amid a projected market growth.

Swiggy to focus on Instamart; US pension fund delegation in India

VCCircle

VCCircle · 11m ago

Swiggy to focus on Instamart; US pension fund delegation in India

Swiggy plans to use a significant portion of the funds raised through its IPO to expand its quick commerce unit, Instamart. As competition intensifies from rivals like BlinkIt, Zepto, and BigBasket, Swiggy aims to double its network of dark stores that provide groceries and other essential items. The move comes as part of Swiggy's strategy to focus on the quick commerce segment and solidify its position in the market.

Blinkit, Swiggy Instamart, Zepto report 'all-time high orders' on Holi 2024

Livemint

Livemint · 1y ago

Blinkit, Swiggy Instamart, Zepto report 'all-time high orders' on Holi 2024

During the Holi festival, quick-commerce platforms like Blinkit, Swiggy Instamart, and Zepto reported a surge in orders for festive essentials such as colors, balloons, and water guns. These platforms experienced their highest-ever orders per minute, highlighting the demand for instant deliveries on special occasions. Zepto in particular noticed a spike in white t-shirt sales, while Swiggy Instamart shared a story of a customer buying Holi essentials worth ₹5,202. This trend reinforces the growing popularity of quick-commerce platforms in India.

BigBasket set to fully play in quick commerce league

Economic Times

Economic Times · 12m ago

BigBasket set to fully play in quick commerce league

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.

JioMart unlikely to break into quick commerce top tier: BofA

Economic Times

Economic Times · 2m ago

JioMart unlikely to break into quick commerce top tier: BofA

A Bank of America Global Research report suggests Reliance Retail's JioMart is unlikely to become a top player in the quick commerce sector due to its 30-minute delivery model. Unlike Blinkit, Zepto, and Swiggy’s Instamart, which utilize dark stores for faster service, JioMart operates from existing retail locations, limiting its market penetration. The report notes that dark store coverage is expanding, with competitors already capturing 85–90% of the market.

Quick commerce feels the love as Valentine day sales surge

Economic Times

Economic Times · 1y ago

Quick commerce feels the love as Valentine day sales surge

Quick commerce platforms like Zepto, Swiggy, and Blinkit reported record-breaking sales on Valentine's Day. Orders for items such as flowers, chocolates, perfumes, and contraceptives surged, with Zepto experiencing a 20-25% increase compared to normal days. Swiggy Instamart saw a significant spike in sales for roses and chocolates, while Blinkit reported their highest-ever orders per minute. The average order values also increased due to higher prices in high-demand categories. These occasions are becoming key drivers for user acquisition and retention in the quick commerce industry.

Tiger Global conducts due diligence of Zepto dark stores as it eyes quick commerce

Economic Times

Economic Times · 11m ago

Tiger Global conducts due diligence of Zepto dark stores as it eyes quick commerce

Tiger Global, a US investor, is showing strong interest in Indian startup Zepto and is conducting due diligence at the startup's dark stores in the city. Zepto is now valued at $5 billion and is seen as a potential player in the quick commerce sector in India. Tiger Global is considering engaging with Zepto for future funding rounds before an IPO. The quick commerce sector in India is growing rapidly, with Zepto challenging market leader Blinkit owned by Zomato. Other players in the sector include Swiggy Instamart and BigBasket.

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