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Why VCs Are Sceptical of Betting On 10-Minute Food Delivery Startups
OutlookIndia
·
6m ago
Medial
Venture capitalists are cautious about investing in 10-minute food delivery startups due to scalability concerns and competition from giants like Swiggy and Zomato. Despite emerging startups like Swish and Zing, existing players dominate the market with established infrastructure and robust customer data. Quick-delivery ventures face operational challenges, especially with the complexity of delivering freshly cooked meals promptly. Success relies on precise technology and strategically located cloud kitchens, making it difficult for new entrants to thrive without significant investment.
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New 10-minute food delivery startups are ready to test your impulse control
Livemint
·
8m ago
Medial
New 10-minute food delivery companies like Swish and Zing are emerging in India to cater to the growing demand for faster food deliveries. Swish recently raised $2 million in funding and plans to establish 150 delivery centers across Bengaluru. The success of established food delivery startups Swiggy and Zomato has inspired these new players to offer quick and convenient food delivery options. While 10-minute delivery may have its limitations in terms of food options and scalability, these companies see a significant market opportunity. The Indian food delivery market is expected to surpass ₹2 lakh crore by 2030, attracting more players to the space.
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Swiggy steps on the gas on 10-minute food delivery even as Zomato hits the brakes
YourStory
·
3m ago
Medial
Swiggy and Zomato, major food delivery services, are adopting different approaches to quick delivery. Swiggy’s Bolt offers 10-minute deliveries in 500 cities, boosting user retention and orders. Conversely, Zomato has discontinued its Zomato Quick service due to infrastructure challenges and low demand. Both platforms face sector-wide slowdowns, while burgeoning competitors like Zepto Cafe and startups Swish and Zing expand rapidly. Zomato plans to enhance delivery efficiency by reducing 30-minute delivery times.
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Zomato’s 10-minute food delivery offering contributing 8% to platform’s volumes: CEO Deepinder Goyal
Economic Times
·
5m ago
Medial
Zomato's "Quick" 10-minute food delivery service contributes about 8% to its platform's volumes. This service rivals Swiggy’s Bolt, contributing 9% to its volumes. Despite a general industry slowdown, Zomato's food delivery grew 17% year-on-year. Additionally, Zomato-owned Blinkit is testing its own 10-minute offering, Bistro. Zomato previously rebranded its 10-minute service as "Everyday," focusing on home-style meals. The rapid delivery segment remains key for Zomato, contributing significantly to its revenues.
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Investors queue up for more quick commerce startups with special focus
Economic Times
·
7m ago
Medial
Specialized quick commerce models are gaining traction, with startups like Swish and Kuik capturing investor interest. These ventures are focusing on rapid delivery services, such as Swish's 10-minute food delivery and Kuik's dark store networks for brands. Former executives from companies like Flipkart and Dunzo are exploring similar quick commerce initiatives. Despite interest, securing funding remains challenging due to competition and sustainability concerns. The quick commerce market could reach $25-55 billion by 2030.
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10-Minute Food Delivery: Why Swiggy Is Still Betting on Bolt While Zomato Walks Away
OutlookIndia
·
3m ago
Medial
Swiggy and Zomato have diverged in their approach to 10-minute food delivery services. Swiggy continues to invest in its Bolt service, which contributes 12% to its food delivery volumes, seeing it as a growth opportunity. In contrast, Zomato has exited the segment due to profitability challenges. While Swiggy aims to enhance market share through Bolt, industry experts question the long-term viability and profitability of such quick delivery models.
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Zepto to launch standalone app for 10-minute food delivery service
Economic Times
·
8m ago
Medial
Quick commerce platform Zepto is planning to launch a separate app for its 10-minute food delivery service, Zepto Cafe. The company is rapidly expanding its cafe business, with a goal of achieving an annual revenue run rate of Rs 1,000 crore. Zepto's rival, Swiggy, has also introduced a similar 10-minute food delivery service called Bolt. Additionally, another Bengaluru-based startup, Swish, offers speedy food delivery and operates cloud kitchens in specific areas. Zepto recently raised $350 million in funding and aims to provide fast and convenient food delivery services.
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Zepto Cafe crosses 50,000 orders per day within 4 weeks: Aadit Palicha
Economic Times
·
7m ago
Medial
Zepto's 10-minute food delivery app, Zepto Cafe, achieved over 50,000 daily orders within four weeks of its launch, marking a 60% month-on-month growth, according to CEO Aadit Palicha. Initially starting with 30,000 orders per day, Zepto Cafe's rapid growth suggests it is gaining strong traction in the quick commerce market. Competitors like Zomato-owned Blinkit and Swiggy have recently launched similar 10-minute food delivery services.
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Blinkit CEO responds to restaurant body concerns on 10-minute food delivery
Economic Times
·
7m ago
Medial
Blinkit CEO Albinder Dhindsa announced the launch of Bistro, a 10-minute food delivery app, assuring that Zomato, its parent firm, will not use private brands on its main app to compete with restaurant partners. This follows concerns from the National Restaurants Association of India about standalone 10-minute delivery apps. Dhindsa emphasized that Bistro is an independent venture without using Zomato's restaurant data, ensuring ethical practices and potential benefits for the food ecosystem.
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Blinkit enters 10-minute food delivery space with Bistro app
Economic Times
·
8m ago
Medial
Blinkit, owned by Zomato, has introduced a separate app called Bistro for 10-minute food delivery in Gurugram. The platform offers a range of snacks, meals, desserts, and beverages. The move follows the trend of quick commerce platforms expanding into ultra-fast food delivery. Zomato had initially experimented with 10-minute delivery but discontinued it. Competitors Swiggy and Zepto also offer similar services. While quick commerce is growing, food delivery still contributes the most to Zomato's revenue. Last month, Zomato raised funds to expand its quick commerce business.
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Swiggy’s standalone app Snacc: Here’s all you need to know about it
Economic Times
·
7m ago
Medial
Swiggy launched a standalone app, Snacc, for 10-minute food delivery, expanding its quick commerce offerings alongside Bolt. Competitors like Zomato, Blinkit, and Zepto are also active in this rapid delivery space. Snacc focuses on delivering fast food and drinks from nearby locations, while Bolt delivers from restaurants. The market is seeing growth, with Swiggy's Bolt contributing to 5% of overall delivery volumes, though concerns about profitability and sustainability persist.
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