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Logistics services provider Shadowfax launches Flash, a 30-min delivery service
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IndianStartupNews · 1y ago
Medial
Shadowfax has launched Flash, an on-demand delivery service app, which promises to deliver within 30 minutes. With a presence in over 50 cities, Flash aims to redefine speed and efficiency in last-mile delivery. The app employs a "milk run" delivery model, consolidating multiple shipments into a single route. It also features real-time tracking and transparent delivery updates. With 2 million packages handled daily, Shadowfax's expansion into the on-demand delivery market positions it as a strong competitor.
Exclusive: 60-min fashion delivery startup Slikk to raise $10 Mn led by Nexus
Entrackr · 4m ago
Medial
Exclusive: 60-min fashion delivery startup Slikk to raise $10 Mn led by Nexus Slikk, a fashion delivery platform promising 60-minute delivery, is all set to raise another funding round following its recent seed investment, sources familiar with the matter told Entrackr. "Nexus is spearheading a $10 million funding round at a $40 million valuation," said one of the sources. "The deal has already been finalized, and existing investors are expected to participate." On Tuesday, Slikk announced $3.2 million seed round led by Lightspeed with participation from Multiply Ventures and angel investors including Abhishek Goyal (Tracxn), Abhinav Pathak (Perpule), Madhav Tandan, Nikhil (Panthera), and Saurabh Gupta (DST Global). Slikk targets young, impulse-driven shoppers, including students, professionals, and trend-savvy urbanites influenced by social media. Over the next five years, it plans to expand into tier I and tier II cities, offering 60-minute fashion delivery while diversifying into seven-plus lifestyle categories. The startup features more than 80 brands, including Snitch, The Souled Store, Freakins, Uptownie, Off Duty, Bonkers, and Bewakoof. "Quick commerce is trending, and investors have recently shown strong interest in the fashion segment. With Myntra introducing a 30-minute delivery service for fashion and beauty products, more startups are likely to follow suit and seek funding,” said another source. Slikk declined to comment on the story while queries sent to Nexus did not elicit an immediate response.
Urban Company partners with Blinkit to deliver its water purifiers
Economic Times · 1y ago
Medial
Beauty and home services platform Urban Company has partnered with quick-commerce app Blinkit to deliver its new water purifiers, Native M1 and M2, to customers. Through this partnership, Urban Company's water purifiers will be delivered within 30 minutes via Blinkit and installed within three hours. The service is currently available in parts of Delhi NCR, Mumbai, Bengaluru, Kolkata, and Hyderabad. This move marks Urban Company's expansion beyond its core services and into the quick-commerce sector. Blinkit is also reported to be looking into adding other categories such as fashion, beauty, electronics, toys, and home and kitchen products.
This fashion startup uses AI for personalisation
Inshorts · 2m ago
Medial
Slikk Club, India’s first 60-minute fashion delivery startup, is revolutionising e-commerce for Gen Z and millennials. Founded in 2024 by seasoned entrepreneurs, it offers 100+ brands across fashion, beauty, and accessories. Backed by $3.2 million in funding, Slikk uses AI for personalisation and aims to expand across India, setting new standards in quick commerce.
Myntra launches Glamstream to fuel next phase of content-led commerce, eyes 15 % uptick in engagement - The Economic Times
Economic Times · 1m ago
Medial
Myntra has launched Glamstream, a unique shoppable lifestyle content platform that combines entertainment, fashion inspiration, and shopping. Glamstream offers over 500 hours of content featuring celebrities and user-generated content, seamlessly integrating product discovery. This initiative aims to redefine fashion discovery and engagement by embedding commerce within content. Enhanced by Myntra's app, Glamstream promises a seamless, immersive shopping experience with intuitive interaction, laying the foundation for future innovations in fashion-commerce integration.
From 60% rise in late-night shopping to men choosing luxury brands: Nykaa reveals shopping habits of Indian consumers
Livemint · 7m ago
Medial
Nykaa's Beauty Trends Report for 2024 reveals key shifts in Indian consumer behavior. There's a 60% rise in midnight shopping, particularly for lipsticks and sheet masks. Korean beauty demand surged 2.5 times, and luxury products are favored by men. Popular items include Dior fragrances and Charlotte Tilbury products. Valentine’s Day leads as the top gifting season, while trends like co-ord sets and off-shoulder tops dominate fashion, driven by social media influence.
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.
Zulu Club raises $250K in pre-seed round from TDV Partners
Entrackr · 20d ago
Medial
Zulu Club raises $250K in pre-seed round from TDV Partners Hyperlocal fashion quick-commerce startup Zulu Club has raised $250K in pre-seed funding from early-stage VC firm TDV Partners. Currently live in Gurugram, the startup plans to use the capital to expand across Delhi NCR, strengthen its logistics and personalization engine, and deepen retail partnerships. Zulu Club primarily targets millennial and Gen Z shoppers looking for fast, reliable, and convenient fashion delivery. Launched in 2024, Zulu Club enables users to shop digitally from nearby malls and outlet stores via its app. Shoppers can receive curated Try-at-Home kits with 4–5 items, try them at their convenience, and only pay for what they keep, reducing return rates and increasing basket sizes through personalized cross-sells and upsells. The firm offers a 100-minute delivery and Try-at-Home model designed for urban consumers who want a confident, tactile shopping experience without visiting stores. Zulu Club combines AI-powered product curation, live personal shopping assistance, and its own logistics network to deliver a frictionless experience. The model addresses common fashion e-commerce challenges like poor fit, low trust, and high return rates, while unlocking value for both consumers and local fashion retailers.
Fashion giant Myntra records 60 Mn monthly users during festive season
Inc42 · 1y ago
Medial
Fashion ecommerce major Myntra recorded 60 million monthly active users during the festive season, with a growth of 100% YoY in its loyal customer base in the past 18 months. The Gen Z fashion segment witnessed a surge in demand and a 175% YoY growth in customers. Myntra aims to attract 10 million Gen Z users and exceed 100,000 styles on its app-in-app feature, FWD, by 2023. The company achieved a 70% YoY growth in its direct-to-consumer space and introduced AI-led features. Myntra faced competition from Ajio, Tata CliQ, and Nykaa Fashion.
Nykaa expects consolidated revenue to rise 22-23% in April-June quarter
Economic Times · 1y ago
Medial
Nykaa's parent company, FSN E-Commerce Ventures, expects a consolidated revenue growth of around 22-23% in the first quarter of FY25, with the beauty vertical showing strong momentum. However, the fashion industry is experiencing a soft demand environment, impacting growth. Nykaa's beauty vertical revenue is expected to grow by 22-23%, while the fashion vertical is projected to see a 20% YoY revenue growth. Despite challenges in the fashion industry, Nykaa remains optimistic about its performance.
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