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Zepto eyes large orders with dark store expansion

Livemint

Livemint · 1y ago

Zepto eyes large orders with dark store expansion

Quick-commerce company Zepto is planning to establish larger dark stores to accommodate a wider range of products. The move comes as the online grocery platform aims to expand into non-grocery delivery and attract investors. These bigger storage facilities will act as hubs for delivering high-value items like electronics, appliances, and luxury goods within minutes. Zepto currently operates around 250 dark stores across major cities in India. The company's revenue grew significantly in FY23, but it also faced widening losses. Zepto is now looking to raise fresh funds ahead of a potential public listing in 2026.

Related News

Swiggy steps up quick commerce investment to Rs 1,179 crore, eyes 741 dark stores

Economic Times

Economic Times · 8m ago

Swiggy steps up quick commerce investment to Rs 1,179 crore, eyes 741 dark stores

Swiggy is investing Rs 1,179 crore in its quick-commerce business, Swiggy Instamart, to expand its dark store network. The company plans to open more dark stores in cities where it already operates, as well as expand into new cities in the future. This investment comes as competition in the quick commerce sector increases, with rivals like Zomato-owned Blinkit and Zepto raising capital for growth. The quick commerce market in India is expected to reach $22 billion in gross merchandise value by 2027. Swiggy Instamart, Blinkit, and Zepto currently dominate the market with over 85% market share.

Blinkit eyes 2,000 dark stores by end-2026

Economic Times

Economic Times · 11m ago

Blinkit eyes 2,000 dark stores by end-2026

Blinkit, a quick commerce platform owned by Zomato, plans to expand its dark store count to 2,000 by the end of 2026, with a focus on major cities in India. According to the company's financial report for Q1 FY25, this expansion is aimed at tapping into undiscovered markets beyond the large cities. However, the speed of execution may impact short-term margins. In Q1 FY25, Blinkit recorded a revenue of Rs 942 crore and a gross order value of Rs 4,923 crore, indicating significant growth compared to the same period last year.

Quick commerce firms roll up sleeves for a big slice of festival season pie

Economic Times

Economic Times · 8m ago

Quick commerce firms roll up sleeves for a big slice of festival season pie

Quick commerce platforms like Swiggy Instamart, Blinkit, Flipkart Minutes, and Zepto are using aggressive customer acquisition and retention tactics to gain a larger market share during the festive season. Swiggy Instamart has reduced the minimum order value for free delivery, while Blinkit has started offering free deliveries for orders above a certain amount. Flipkart Minutes has gained traction during its Big Billion Days sales, while Zepto is emerging as a strong competitor to Blinkit, especially in major markets. Quick commerce companies are also expanding their dark store footprint, investing in expansion and incentives to attract customers. Zomato's recent fundraising efforts aim to enhance cash balance and compete with other players in the market.

Zepto VP Jitendra Bagga Exits In Less Than A Year

Inc42 · 6m ago

Zepto VP Jitendra Bagga Exits In Less Than A Year

Jitendra Bagga has resigned as Vice President of Central Operations at Zepto after just nine months. His departure comes amid the company's aggressive expansion, which has seen its dark store count rise from 300 to over 750. Bagga, who oversaw key warehousing projects, left during a critical transition as Zepto relocates its headquarters from Mumbai to Bengaluru. This exit follows that of the Chief Human Resource Officer, highlighting ongoing leadership changes as Zepto prepares for a public market debut in 2025.

How dark stores are powering quick commerce's rise

Economic Times

Economic Times · 1y ago

How dark stores are powering quick commerce's rise

Dark stores, also known as micro warehouses, are the center of a new form of commerce called quick commerce. These stores, operated by companies like Zomato's Blinkit and Swiggy Instamart, store a limited number of high-demand products and aim to pack, dispatch, and deliver orders in minutes. Riders on e-bikes swarm the store, delivering orders with great speed. Dark stores are strategically designed to optimize packing time, with frequently ordered items stored up front. However, the gig workers employed by these companies have often complained about poor work conditions and low pay.

Dark store count may touch 5,500 by FY26 as competition heats up in quick commerce: HSBC report

Economic Times

Economic Times · 5m ago

Dark store count may touch 5,500 by FY26 as competition heats up in quick commerce: HSBC report

The quick commerce sector is rapidly expanding, with the number of dark stores in India projected to reach 5,000 to 5,500 by FY26, per an HSBC report. Companies like Blinkit, Swiggy, and Zepto are aggressively expanding their dark store networks, aiming for efficiency and profitability. Blinkit exceeded its target with 1,007 stores by December 31, while Swiggy and Zepto plan to expand significantly. The focus will soon shift to optimizing operations and profitability.

Bigbasket eyes quick commerce for electronics with Croma tie-up

Livemint

Livemint · 1y ago

Bigbasket eyes quick commerce for electronics with Croma tie-up

Bigbasket, a Tata-backed company, is in talks with sister company Croma to sell electronics and appliances through its quick commerce vertical. The aim is to offer customers fast delivery of various products, such as getting a washing machine delivered in 15 minutes. Bigbasket's quick-commerce arm, BB Now, leverages existing infrastructure to ensure orders are delivered in under 30 minutes. The quick-commerce sector in India has seen significant churn, but Bigbasket aims to achieve profitability by focusing on revenue per dark store and average order value.

Right now is not the time to slow down: Zepto co-founder, CEO Aadit Palicha

Livemint

Livemint · 7m ago

Right now is not the time to slow down: Zepto co-founder, CEO Aadit Palicha

Zepto, an Indian quick commerce startup, is on the path to achieving annualized sales of $3 billion. The company's dark stores, which offer fast deliveries, are becoming profitable faster as it expands into new categories with higher average order values. Zepto recently raised $350 million in funding, the largest domestic fundraising round in India's startup ecosystem. The company aims to continue aggressive expansion and plans to launch around 100 dark stores every quarter. Zepto is also exploring new categories such as pharmacy and expanding its Zepto Cafe business.

Swiggy Instamart at an inflection point amid rising competition: CEO Sriharsha Majety.

Economic Times

Economic Times · 7m ago

Swiggy Instamart at an inflection point amid rising competition: CEO Sriharsha Majety.

Swiggy's quick-commerce arm, Instamart, is facing increased competition and evolving market dynamics. To maintain its lead, Swiggy is making strategic investments and expanding its dark store network. They have added 52 new stores in Q2, totaling around 2 million square feet. Instamart plans to double its dark store count by March 2024 and increase the average store size. Swiggy's GOV for Q2FY25 saw a 24.1% increase, driven by order volume and orders per dark store. They also improved delivery time, item availability, and delivery reliability. The focus now is on user acquisition and increasing order frequency.

Zepto To Expand Cafe Service Across India

Inc42 · 7m ago

Zepto To Expand Cafe Service Across India

Zepto, a quick commerce company, has announced plans to expand its Cafe vertical. They aim to scale Cafe from 15% to 100% of its dark store network, with 100 new cafes launching monthly. The company is targeting INR 1,000 Cr revenue from the Cafe vertical in the next fiscal year, following a successful INR 160 Cr run rate. This expansion comes after rivals Blinkit and Swiggy introduced their own quick snack delivery services in select cities.

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