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Swiggy Instamart to focus on household consumption, immediate use cases products, says head

Economic Times

Economic Times · 1y ago

Swiggy Instamart to focus on household consumption, immediate use cases products, says head

Swiggy Instamart, the quick commerce platform, will continue to focus on household consumption products and immediate use cases, even as it expands into categories beyond groceries, according to Phani Kishan Addepalli, the platform's head. Addepalli mentioned that while groceries will remain important, the platform may branch out into other categories that are more suitable for household consumption. He also highlighted the increasing trend of healthy eating across various product categories and the importance of transparency and label reading in making conscious choices. The online grocery segment in India is projected to grow significantly in the coming years.

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Swiggy’ Phani Kishan Says Instamart Focus on Household Consumption will not Change

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Swiggy’ Phani Kishan Says Instamart Focus on Household Consumption will not Change

Food delivery company Swiggy's co-founder, Phani Kishan Addepalli, has stated that their service, Swiggy Instamart, will continue to prioritize household consumption products and items with immediate use cases. Addepalli made these remarks during the India Healthy Snacking Summit organized by Farmley, a dry fruits and nuts company, in Delhi. During the same event, Zepto CEO Aadit Palicha also mentioned that the most significant opportunity in the quick commerce sector lies in groceries and household essentials.

Now, Another VP Down At Swiggy Instamart

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Quick commerce price war: Rivals offering steep discounts to capture market, says Swiggy CFO

Economic Times

Economic Times · 2m ago

Quick commerce price war: Rivals offering steep discounts to capture market, says Swiggy CFO

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

VCCircle

VCCircle · 10m 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.

Swiggy Instamart VP Sidharth Satpathy steps down

Inshorts · 1y ago

Swiggy Instamart VP Sidharth Satpathy steps down

Sidharth Satpathy, Vice President of Swiggy's quick commerce vertical Instamart, has stepped down from the role, the executive announced in a LinkedIn post on late Monday evening. Satpathy had worked for four-and-a-half years in the Bengaluru-based food and grocery delivery firm, with more than two years as the head of category, monetisation and private label business at Swiggy Instamart.

Google Research India head disagrees with Nandan Nilekani, says India must build LLMs

Economic Times

Economic Times · 7m ago

Google Research India head disagrees with Nandan Nilekani, says India must build LLMs

Google Research India head, Manish Gupta, has disagreed with Infosys chairman Nandan Nilekani's view that India should not invest in building foundational AI models. Gupta emphasized the importance of investing in Large Language Models (LLMs) and contradicted Nilekani's suggestion to focus solely on use cases. Gupta argued that India should follow the same approach as Nilekani did with Aadhaar, starting with foundational models. Gupta also highlighted the contributions of Indian researchers in developing global AI advancements and cited examples of innovative AI models developed by his team.

Sachin Tendulkar pads up to venture out with a new sports brand

Economic Times

Economic Times · 11m ago

Legendary cricketer Sachin Tendulkar is set to launch a new sports athleisure brand in collaboration with former Swiggy Instamart head Karthik Gurumurthy. The venture is being incubated by early-stage venture fund Whiteboard Capital. The startup, called SRT10 Athleisure Pvt Ltd, aims to position itself as a rival to top brands like Nike but with affordable pricing and a focus on local manufacturing. Tendulkar will be actively involved in product development, with an initial focus on sports such as cricket and badminton. The startup is also in the process of raising capital from a top venture capital fund.

Inside Swiggy Instamart’s ‘Mega Dark Store’ Plan

Inc42 · 8m ago

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Non-grocery items deliver bright growth to dark stores

Economic Times

Economic Times · 1y ago

Non-grocery items deliver bright growth to dark stores

Quick-commerce platforms like Zepto, Swiggy Instamart, and Blinkit are experiencing significant growth in non-grocery categories such as beauty, toys, health, and electronics. These platforms are expanding their range of offerings beyond food-related products, attracting more customers. The beauty category has grown threefold on Zepto, while Swiggy Instamart has seen robust growth in electronics, toys, beauty, and home products. Quick-commerce is becoming a popular channel for direct-to-consumer brands, offering fast delivery and engagement for big-ticket purchases. These platforms are increasingly diversifying their stock and offering competitive pricing compared to traditional e-commerce channels.

Health, fitness products fly off the shelves at D2C, quick commerce

Economic Times

Economic Times · 6m ago

Health, fitness products fly off the shelves at D2C, quick commerce

Direct-to-consumer (D2C) brands and quick commerce platforms are witnessing significant demand for health and fitness products driven by New Year resolutions and a focus on personal well-being. Startups like Healthify and Boldfit report increased revenues and anticipate continued growth. Increased adoption of fitness wearables and higher order volumes on platforms like Swiggy Instamart illustrate this trend. The growing accessibility of digital platforms supports a sustained shift towards healthier lifestyles even in smaller cities.

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