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Tatas to enter red-hot quick commerce space with ‘Neu Flash’
Economic Times
·
9m ago
Medial
Tata Group's ecommerce venture Neu is set to enter the quick commerce segment with Neu Flash, offering ultra-fast delivery for grocery, electronics, and fashion products. This move comes as consumer demand continues to rise in metro areas. Neu Flash will be powered by partners like BigBasket for groceries, Croma for electronics, and Tata Cliq for fashion and lifestyle products. Quick commerce is disrupting the retail industry, with players like Zomato-owned Blinkit, Swiggy Instamart, and Zepto leading the market. Tata Digital aims to tap into the online shopping trend while being cautious about heavy spending on consumer incentives.
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Tata’s Neu Looks To Ride The Quick Commerce Wave
Inc42
·
9m ago
Medial
The Tata group is entering the quick commerce sector in India with its ecommerce venture, Neu. Neu is launching "Neu Flash" to cater to the growing demand for instant deliveries in the country. The service will offer groceries, electronics, and fashion products to select users, putting it in competition with major players like Blinkit, Zepto, Swiggy Instamart, and Flipkart's 'Minutes'.
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Tata Digital rolls out quick commerce offering Neu Flash
YourStory
·
8m ago
Medial
Tata Digital has launched quick commerce services through its app Neu Flash, offering various product categories including groceries, apparel, electronics, beauty, and personal care. The service is powered by the hyperlocal operations of BigBasket, which is also owned by Tata. This move follows Myntra's introduction of its quick delivery initiative called M-Now, which focuses on delivering products within 30 minutes to 2 hours. Amazon India is also reportedly planning to launch its own quick commerce arm called Tez. Quick commerce platforms are gaining popularity as consumers seek faster delivery for a wider range of products.
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Tata Neu To Foray Into Online Food Ordering Space Via ONDC
Inc42
·
1y ago
Medial
Tata Digital's super app Tata Neu is planning to enter the online food ordering space using the Open Network for Digital Commerce (ONDC) route. The app will undergo closed-user group trials before being made available for the wider public. The move is part of Tata Digital's strategy to develop a high-frequency use case, bringing consumers back to the app regularly and enabling cross-selling of other products. Tata Neu is collaborating with Magicpin for ONDC integration, and the app may eventually be integrated with ONDC for other categories. The move comes after Tata Digital recently acquired BigBasket and 1mg.
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Flipkart likely to enter quick commerce space, how will it impact the market?
Livemint
·
1y ago
Medial
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.
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Flush With Fresh Funds, Rapido Seeks To Ride The Quick Commerce Wave
Inc42
·
10m ago
Medial
Ride-hailing company Rapido is reportedly planning to enter the quick commerce sector in India. The Bengaluru-based company is said to be in discussions with Zepto and other grocers to establish a presence in the booming quick commerce market. The talks are still in the early stages but make sense given that both Rapido and Zepto have a common investor in Nexus Venture Partners. This move could provide Rapido with a significant supply advantage in the quick commerce space.
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10 Quick Commerce Newcomers Aiming To Replicate Blinkit, Zepto Formula
Inc42
·
9m ago
Medial
Blinkit, Instamart, and Zepto have reported revenue of over $1 billion in FY24, highlighting the strong demand for quick commerce services. Flipkart has launched "Minutes" to tap into this market, while Amazon is also planning to enter the quick commerce space. With the rise of new players in the industry, we have compiled a list of companies aiming to excel in the 10-minute delivery game.
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Quick commerce boom: A look at top developments in rapid delivery space
Economic Times
·
11m ago
Medial
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.
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Online platforms, quick commerce spoil the party for DMart
Economic Times
·
9m ago
Medial
Shares of Avenue Supermarts, the owner of DMart retail chain, dropped over 8% after disappointing Q2 earnings. The company reported a 5.78% increase in consolidated net profit at Rs 659.44 crore, lower than analysts' expectations. The decline in profit was attributed to disruptions caused by online delivery platforms and quick commerce players. The company's standalone revenues grew by 14.2%, and it has no plans to enter the quick commerce space. Competitors like Amazon, Flipkart, and Zomato are ramping up their quick commerce offerings.
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After Bengaluru, Flipkart Minutes goes live in Gurugram
Entrackr
·
10m ago
Medial
Flipkart Minutes, a quick commerce service by Flipkart, is now live for users in Gurugram and other parts of NCR region. This launch marks a significant step in Flipkart’s expansion plans, following the introduction of its rapid delivery service in Bengaluru. Entrackr was the first to report about Flipkart quick commerce’s foray in March 2024. It’s worth noting that Flipkart has not yet issued an official statement about the public launch of its quick commerce service. Currently, Flipkart Minutes is available in nearby Unitech Cyber Park, Sector 39, 40, The Millenium City Centre (Sector 29) and Golf Course Road (Sector 54) in Gurugram. Users in other areas in the NCR region also received notifications about the availability of Flipkart Minutes. As per sources, the service is also available in some parts of Mumbai. It allows users to order groceries, electronics, smartphones, and other products with delivery times ranging from 8 to 16 minutes. For example, a team Entrackr member based in Sector 39 got delivery in 13 minutes. Entrackr has reached out to Flipkart for comment. Flipkart already offers slot-based delivery services, competing with Amazon Fresh and BigBasket. While BigBasket is in the process of completely transitioning to quick commerce, Amazon plans to enter the space by early next year. Flipkart Minutes competes with leading quick commerce players such as Blinkit, Swiggy Instamart, and Zepto. The quick commerce sector has been a hot sector for over a year. With over $1 billion raised in the past couple of months, Zepto has surpassed the $5 billion valuation mark and is focusing on expansion into both existing and new cities. As per media reports, the Aadit Palicha-led company is also gearing up for the initial public offering (IPO) by next year. Zomato-owned Blinkit is expanding into tier II cities and has emerged as the top market share holder in the quick commerce space, according to a recent UBS report. To beef up its quick commerce piece, Swiggy Instamart strengthened its leadership with the appointment of a new chief executive officer (CEO) and chief operating officer (COO).
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Ahead of festive sale, Flipkart pokes fun at Amazon
Economic Times
·
1y ago
Medial
E-commerce giant Flipkart takes a dig at rival Amazon on Twitter, mocking the latter's search result for 'big billion day 2023'. Both companies will launch their flagship sales on October 8. Flipkart introduced 'Flipkart VIP' for select cities, offering early access and cashback benefits. Competitors like Reliance Retail's JioMart and Tata Neu are also expected to join the festive sales frenzy. The government has previously expressed concerns over deep discounting and flash sales on such platforms.
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