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Ola plans to open dark stores to enter quick commerce sector: ET

Hindustan Times

Hindustan Times · 1y ago

Ola plans to open dark stores to enter quick commerce sector: ET

Ola Cabs parent ANI Technologies plans to set up dark stores to enter the growing quick commerce segment, The Economic Times reported. The EV company will reportedly offer dark stores as a service "where the whole setup will be delivered with significant automation". Dark stores are small neighbourhood warehouses which stock products delivered by quick commerce services.

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Related News

Ola drawing up a route map to join quick commerce party

Economic Times

Economic Times · 1y ago

Ola drawing up a route map to join quick commerce party

As Ola Electric gears up for its upcoming public listing, Ola Cabs founder Bhavish Aggarwal is focusing on expanding the company's presence in the quick commerce sector. Ola plans to establish its own dark stores, small neighborhood warehouses stocked with products for rapid deliveries. These dark stores will be operated by Ola and will utilize automation, including the deployment of robots. Ola also intends to launch its own Unified Payments Interface (UPI) offering for consumers. The company is expected to announce these initiatives at its annual Independence Day event on August 15.

Ola Consumer nears 1 lakh daily orders on ONDC; Bengaluru food delivery at 20% of Swiggy-Zomato's scale: Bhavish Aggarwal

Money Control

Money Control · 11m ago

Ola Consumer nears 1 lakh daily orders on ONDC; Bengaluru food delivery at 20% of Swiggy-Zomato's scale: Bhavish Aggarwal

Ola Consumer, part of the Ola group, is processing around 100,000 orders per day through the Open Network for Digital Commerce (ONDC). ONDC is an open ecosystem that allows businesses like Ola Consumer to offer services such as ride-hailing, food delivery, and hyperlocal logistics. Ola Consumer has experienced significant growth in its food delivery service, with a focus on Bengaluru, and aims to challenge the dominance of competitors like Zomato and Swiggy. Additionally, Ola Consumer plans to expand its quick commerce service and launch automated dark stores.

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.

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 boom: A look at top developments in rapid delivery space

Economic Times

Economic Times · 11m ago

Quick commerce boom: A look at top developments in rapid delivery space

Several major players are planning to enter the quick commerce segment in India. Amazon India is set to launch its offering in early 2022 and is considering buying a stake in Swiggy's Instamart. BigBasket is pivoting to become a full-scale quick commerce platform, offering rapid deliveries. Swiggy has appointed a new CEO for Instamart and Bollywood superstar Amitabh Bachchan's family office has acquired a small stake in the company. Flipkart has introduced a quick delivery service called Minutes, while Zepto is looking to raise $310 million in funding. Ola is also planning to enter the dark stores space for quick commerce, and logistics companies like Ecom Express, Shadowfax, and Loadshare are venturing into the quick delivery business.

Ola Mulls Quick Commerce Foray Again, To Set Up Its Own Dark Stores

Inc42 · 1y ago

Ola Mulls Quick Commerce Foray Again, To Set Up Its Own Dark Stores

Ola is set to operate dark stores that will have significant automation. The company is also planning to launch its own UPI offering. However, its previous quick commerce attempt with Ola Dash did not last long.

Reliance Retail scaling up quick commerce, to set up dark stores to cover untapped pockets

Economic Times

Economic Times · 3m ago

Reliance Retail scaling up quick commerce, to set up dark stores to cover untapped pockets

Reliance Retail is expanding its quick commerce segment, achieving 2.4x growth in orders during the March quarter. The company plans to open dark stores to enhance reach, covering over 4,000 pin codes with sub-30-minute delivery services. Through JioMart, Reliance offers quick, scheduled, and subscription deliveries, with significant order volume increases. Reliance is utilizing existing store networks and launching dark stores where needed. Additionally, Ajio is offering faster delivery services in 26 cities.

Ecommerce logistics companies join quick commerce bandwagon as orders rise

Economic Times

Economic Times · 12m ago

Ecommerce logistics companies join quick commerce bandwagon as orders rise

E-commerce and hyperlocal logistics companies in India are entering the rapid delivery sector to meet the growing demand for quick commerce. Companies such as Ecom Express, Shadowfax, and Loadshare are joining the trend of offering same-city deliveries within two to four hours. Delhivery, the largest third-party e-commerce logistics firm in India, has already announced plans to open dark stores for fast deliveries. The quick commerce market in India is expected to reach nearly $7 billion in gross merchandise value by 2025, with groceries accounting for almost half of it.

Government to quick commerce players: throw more light on dark store ownership structures

Economic Times

Economic Times · 10m ago

Government to quick commerce players: throw more light on dark store ownership structures

Government officials in India have been conducting inquiries with senior e-commerce executives to understand the ownership structures of quick-commerce firms and their dark stores. Foreign-funded online marketplaces are not allowed to own inventory or control sellers, so dark stores are owned by separate entities. The government is seeking clarity on compliance and the impact of quick-commerce on traditional retailers. However, executives and investors in the sector do not expect major disruptions. There is discussion of adding a policy framework for quick-commerce within the broader e-commerce policy.

Flipkart challenges quick commerce space with new delivery venture, says report

Livemint

Livemint · 1y ago

Flipkart challenges quick commerce space with new delivery venture, says report

Indian e-commerce giant, Flipkart, is planning to enter the quick-commerce sector by establishing a network of dark stores in cities like Bengaluru, Delhi, and Hyderabad. The company aims to offer 10-15 minute deliveries in a dozen cities within the next six to eight weeks. Flipkart will focus on fast-moving consumer goods, groceries, daily essentials, electronics, and fashion, setting itself apart from existing players like Blinkit, Swiggy Instamart, and Zepto. The quick-commerce market is growing in India, with a total addressable market value of $45 billion. Consolidation in the market is expected, and quick-commerce is anticipated to surpass traditional e-commerce.

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