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Uber ups hyperlocal deliveries as quick commerce takes off

Economic Times

Economic Times · 1y ago

Uber ups hyperlocal deliveries as quick commerce takes off

Uber is expanding its hyperlocal delivery service in India, offering quick commerce options in nine cities. The service allows customers to order items from local stores, which are then picked up by Uber drivers on two-wheelers. Initially, payments are made directly to the stores, but Uber plans to collect payments on behalf of the stores in the future. This move comes as other companies, including Dunzo, PhonePe, and Ola, have exited or restarted similar delivery services. Uber's entry into the quick-deliveries segment in India could challenge existing players such as Zomato-owned Blinkit and Zepto.

Related News

Ecommerce logistics companies join quick commerce bandwagon as orders rise

Economic Times

Economic Times · 1y 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.

Zepto Pass gets 1 million subscribers within a week of launch

Economic Times

Economic Times · 1y ago

Zepto Pass gets 1 million subscribers within a week of launch

Zepto Pass, the membership programme of quick-commerce company Zepto, has achieved one million sign-ups within just one week of its launch. The CEO, Aadit Palicha, expressed excitement about the company's momentum and execution. The membership, available at a monthly fee of Rs 99, offers unlimited free deliveries for orders exceeding Rs 99, as well as discounts of up to 20% based on the order value. Zepto joins Swiggy Instamart as the second quick-commerce firm to offer subscription benefits. Unlike Zomato's Blinkit, Zomato's Gold subscription does not extend benefits to their quick-commerce service.

Hyperlocal marketplace Inknibs raises Rs 7.2M in a pre-Seed round

IndianStartupNews

IndianStartupNews · 1y ago

Hyperlocal marketplace Inknibs raises Rs 7.2M in a pre-Seed round

Inknibs, a hyperlocal marketplace connecting customers with local vendors for books, stationery, and toys, has secured Rs 72.5 lakh in a pre-seed funding round. The funding was led by Amity Technology Incubator, IFCI, JSSATE STEP Incubator, and individual investors. Inknibs aims to use the funds to improve its platform, optimize its operations, and establish a stronger presence in the competitive e-commerce market. The company's hyperlocal model fosters community engagement and enables quick deliveries within certain areas.

Siksti’s hyperlocal app promises to deliver beauty, fashion in 60 min

YourStory

YourStory · 2y ago

Siksti’s hyperlocal app promises to deliver beauty, fashion in 60 min

Siksti, a hyperlocal e-commerce platform, has launched the Quick Commerce app, focusing on beauty and fashion products. The app offers doorstep delivery within 60 minutes in select areas of Mumbai, India. Siksti aims to tap into the growing demand for quick and convenient shopping experiences in the beauty and fashion sectors through its hyperlocal delivery model.

Inside Reliance Retail’s reboot to 30-minute quick commerce

Economic Times

Economic Times · 4m ago

Inside Reliance Retail’s reboot to 30-minute quick commerce

Reliance Retail is enhancing its hyperlocal delivery service, targeting under-30-minute deliveries by leveraging existing stores and supplementing with dark stores as needed. This initiative aims to boost quick commerce operations and expand service coverage, reaching over 4,000 pin codes. The company's focus on efficient delivery and broad reach has significantly increased order volumes and contributed to strong financial performance. Reliance Retail competes with major players like Blinkit, Swiggy Instamart, and Zepto in this market.

Digital economy drives job growth across sectors; gig workforce to reach 23.5 crore by 2030: Economic Survey

Economic Times

Economic Times · 6m ago

Digital economy drives job growth across sectors; gig workforce to reach 23.5 crore by 2030: Economic Survey

India's digital economy is significantly expanding job opportunities across various sectors, from transportation to home services, with platforms offering flexible employment. Quick commerce, notably 10-minute grocery deliveries, has surged, employing many gig workers. The Economic Survey 2024-25 highlights rapid job growth through hyperlocal services, estimating the gig workforce to reach 23.5 crore by 2030. Enhancing social security for gig workers, the government aims to address challenges like automation's impact on labor.

Zomato and Swiggy cash in on subscriber base

Economic Times

Economic Times · 8m ago

Zomato and Swiggy cash in on subscriber base

Zomato and Swiggy leverage their growing subscription user bases to drive significant food delivery orders and increased spending. Zomato's Gold and Swiggy's One memberships contribute over half their orders, with millions of subscribers each. Both companies integrate additional benefits through brand tie-ups to offset the potential margin erosion from discounts and free deliveries. As competition in quick commerce rises, they focus on monetizing high-frequency users to balance growth and profitability, exploring personalized benefits for loyal customers.

Reliance plays catch-up to ride India quick commerce wave

VCCircle

VCCircle · 10m ago

Reliance plays catch-up to ride India quick commerce wave

Reliance, the retail empire owned by India's richest man Mukesh Ambani, is entering the quick commerce market to compete with popular Indian grocery startups. Quick commerce has revolutionized online shopping in India, offering deliveries from neighborhood warehouses within 10 minutes. Reliance plans to leverage its extensive supermarket network to provide quick deliveries by setting up dedicated kiosks inside stores. The company aims to capture a larger portion of the quick commerce market ahead of the highly anticipated IPO of Reliance Retail. However, Reliance will face challenges such as a lack of small-scale warehouses and the need to adapt its supermarket-focused operations.

Reliance writes off its $200 million investment in Dunzo - The Economic Times

Economic Times

Economic Times · 21d ago

Reliance writes off its $200 million investment in Dunzo - The Economic Times

Reliance Industries wrote off its investment in Dunzo, a hyperlocal delivery platform, after it failed in the competitive quick commerce market despite significant funding. The platform struggled with unsustainable cash burn due to aggressive expansion and marketing efforts, including an Indian Premier League sponsorship. As competition increased and startup funding decreased, Dunzo extended delivery times, underwent layoffs, and eventually ceased operations, leading to its app and website going offline by early 2025.

Zepto rolls out subscription service, fuels competition in quick commerce market

Livemint

Livemint · 1y ago

Zepto rolls out subscription service, fuels competition in quick commerce market

Quick commerce firm Zepto has launched its paid subscription service, Zepto Pass, in India. The service offers customers greater discounts and aims to drive adoption of quick commerce. Zepto Pass subscribers showed increased spending on the app and higher monthly retention. The subscription, priced between 19 and 39 rupees per month, offers benefits such as unlimited free deliveries and up to 20% off on grocery items. Zepto hopes to attract a million customers to the subscription programme within a month of its rollout. The company is on track for a public listing in fiscal year 2025-26.

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