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Quick commerce firms vie to cash in on Dhanteras

Economic Times

Economic Times · 9m ago

Quick commerce firms vie to cash in on Dhanteras

Zomato-owned Blinkit and other platforms such as Swiggy Instamart and Zepto are experiencing a surge in sales of gold and silver coins, as well as other items associated with Dhanteras celebrations. Dhanteras, the first day of Diwali, is considered auspicious for buying items made of precious metals. Blinkit has reported significant demand for gold and silver coins, with Delhi-NCR leading the purchases. Additionally, there has been increased sales of brooms and other auspicious products. These platforms have created special sections on their apps featuring various Dhanteras items. Quick-commerce platforms are also seeing a rise in Diwali gift orders.

Related News

Brands want “pin code-level” granular data from quick commerce firms

Livemint

Livemint · 15d ago

Brands want “pin code-level” granular data from quick commerce firms

With India's quick commerce market expected to triple, both major platforms and small brands vie for a larger market share. Small brands struggle with access to granular customer data, crucial for planning and efficiency. Platforms like Zepto offer paid analytics tools, but high costs deter some brands. As quick commerce becomes a vital sales channel, third-party analytics firms assist brands with data insights. Collaboration and clearer data-sharing rules are needed for industry efficiency and growth.

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.

Retail Group Seeks Probe Into Quick Commerce Players’ Alleged Pricing Tactics

Inc42 · 9m ago

Retail Group Seeks Probe Into Quick Commerce Players’ Alleged Pricing Tactics

India's largest group of retail distributors has requested the antitrust authority to investigate quick commerce firms for engaging in predatory pricing. The letter has urged the Competition Commission of India to protect traditional distributors and small retailers from the deep discounts and selling below cost strategies employed by quick commerce firms. Over the past few months, these firms have expanded their operations and product offerings to meet the increasing consumer demand.

Mint Primer: Can Blinkit & co take on Amazon in electronics?

Livemint

Livemint · 10m ago

Mint Primer: Can Blinkit & co take on Amazon in electronics?

- Quick commerce (Q-comm) firms are using expensive gadgets as a marketing strategy to indirectly drive sales and increase profitability. - Expensive electronics allow quick commerce ventures to diversify into higher-value items, which is crucial for their future growth and sustainability. - Quick commerce is following the footsteps of e-commerce giants like Amazon and Flipkart, who already sell high-value items such as luxury cars and gold bars. - This tactic has the potential to challenge the dominance of Amazon and Flipkart in the e-commerce industry, as quick commerce can offer quicker deliveries through a widely distributed network of small warehouses. - However, quick commerce's success relies on selling fast-moving items, and they may continue to focus on gadgets that make headlines in the short term. - In the long run, the merging of conventional e-commerce and quick commerce may impact the viability of this business model.

Quick grocery has caught on, and BigBasket is smiling

Livemint

Livemint · 1y ago

Quick grocery has caught on, and BigBasket is smiling

Bigbasket's quick-commerce arm, BB Now, backed by Tata Digital, expects to become profitable within six months. Although the overall profitability target for the grocery startup has been moved to early 2025, the quick-commerce sector has provided significant growth due to its convenience. Bigbasket aims to maintain profitability by tightly controlling costs and leveraging its existing infrastructure. Competition is fierce in the quick-commerce market, with high cash-burn rates and significant losses to sustain growth. Bigbasket views its quick-commerce arm as a marketing channel to drive more customers to its main grocery business.

Quick commerce fires up record discounts with rivals getting quicker

Economic Times

Economic Times · 1m ago

Quick commerce fires up record discounts with rivals getting quicker

The quick commerce sector in India, dominated by players like Blinkit, Zepto, and Swiggy's Instamart, is experiencing intense competition with new entrants like Flipkart and Amazon. This rivalry has led to record-high discounts across platforms and significant cash burn, particularly in personal care and packaged goods. Despite increasing losses, firms are prioritizing market share and expansion in tier-II and III cities. Analysts project the market, currently valued at $8 billion, to grow significantly by 2030.

Expect quick-commerce firms to battle ecommerce soon: Zepto investor Glade Brook

Economic Times

Economic Times · 1y ago

Expect quick-commerce firms to battle ecommerce soon: Zepto investor Glade Brook

According to Paul Hudson, founder of investment firm Glade Brook Capital, the Indian quick-commerce sector is moving towards expanding its product assortment, bringing it closer to traditional e-commerce. Blinkit and Zepto are already entering the space and planning to add categories like fashion, beauty, electronics, toys, home, and kitchen to their offerings. Hudson believes that these local players shouldn't be underestimated, despite the dominance of Amazon and Flipkart in Indian e-commerce. Quick-commerce firms have been able to improve sales and reduce costs by focusing on factors like strong founders, operational execution, and innovation. Scaling up their operations, these firms are now venturing into a wider range of SKUs to offer a superior customer value proposition.

Quick commerce companies slow dark stores buildout to control cash burn - The Economic Times

Economic Times

Economic Times · 4d ago

Quick commerce companies slow dark stores buildout to control cash burn - The Economic Times

Quick commerce companies are slowing down their expansion of dark stores to manage financial resources better, except for Blinkit, which plans to grow its network significantly. Other firms like Swiggy and Zepto are more cautious due to the high cost of commercial spaces. While restructuring might help improve short-term financials, it might affect competitiveness long-term as the market is poised for substantial growth. Maintaining cash reserves is emphasized for future sustainability.

Race to deliver fast intensifies: quick commerce firms burning Rs 1,500 crore a month

Economic Times

Economic Times · 5m ago

Race to deliver fast intensifies: quick commerce firms burning Rs 1,500 crore a month

Indian quick commerce firms are burning Rs 1,300-1,500 crore monthly, driven by aggressive competition. Major players like Zomato's Blinkit, Zepto, and Swiggy Instamart have raised substantial funds amid escalating expenses. This intense rivalry affects stock performance, with Zomato and Swiggy experiencing significant market value declines. Companies like Zepto aim to reduce cash burn ahead of planned IPOs. Increased investor scrutiny and growing competition from platforms like Amazon and Flipkart impact the sector's profitability outlook.

Third-party firms look to sort out logistics of quick commerce race

Economic Times

Economic Times · 1y ago

Third-party firms look to sort out logistics of quick commerce race

Third-party logistics firms like Delhivery and Xpressbees are venturing into the quick-commerce sector to meet the growing demand from platforms like Swiggy Instamart and others. Delhivery is managing larger warehouses for Swiggy Instamart, while Xpressbees is in talks to enter the segment. These logistics players aim to provide infrastructure and expertise to quick-commerce platforms as they expand their offerings. The move allows them to tap into the sizable quick-commerce market and support platforms in managing warehouses and ensuring compliance with processes. Large ecommerce players like Amazon and Flipkart are also exploring entry into the quick delivery segment.

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