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Zepto improves quick-commerce market share; Instamart loses ground: HSBC report
Economic Times
·
1y ago
Medial
According to a report from HSBC Global Research, Zepto has been steadily gaining market share in the quick-commerce industry, while Swiggy Instamart has been losing ground. Zepto's market share rose from 15% in March 2022 to 28% in January 2024, while Instamart's share fell from 52% to 32% during the same period. The market leader, Blinkit, saw its share rise from 32% to 40%. The report also highlights the potential of quick-commerce platforms to capture advertising earnings, with grocery categories offering more favorable terms compared to other ecommerce platforms.
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Flipkart to launch quick commerce service in few months
Thehindubusinessline
·
1y ago
Medial
Flipkart, owned by Walmart, is planning to launch its own quick-commerce service in select locations starting in May. With competition from Zomato's Blinkit, Swiggy's Instamart, and Zepto, Flipkart aims to deliver a wide range of products to customers with speed. The quick-commerce market is estimated to be worth $45 billion, with a projected GMV of $6.2 billion by 2025. According to a recent report, Blinkit holds the largest market share at nearly 40%, followed by Instamart at 37-39% and Zepto at around 20%.
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Swiggy steps up quick commerce investment to Rs 1,179 crore, eyes 741 dark stores
Economic Times
·
9m ago
Medial
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.
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Flipkart Minutes, company’s quick commerce offering, goes live in Bengaluru
Money Control
·
1y ago
Medial
Flipkart Minutes, the company's quick commerce offering, has launched in select areas of Bengaluru. This move aligns with the growing importance of rapid delivery in e-commerce. Flipkart appointed Hemant Badri to lead this initiative. The service competes with established players like Blinkit, Swiggy Instamart, and Zepto. While Flipkart has experimented with quick delivery before, this new format aims to capture a share of the fast-growing quick commerce market.
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Quick commerce firms roll up sleeves for a big slice of festival season pie
Economic Times
·
9m ago
Medial
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.
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Zepto earns 2024 cr and loses 1272 cr this year
Economic Times
·
1y ago
Medial
Zepto, India's first unicorn of 2023, reported a substantial increase in revenue for FY23, reaching Rs 2,024 crore, compared to Rs 142.4 crore in the previous year. However, the company incurred a loss of Rs 1,272 crore, three times larger than the Rs 390.4 crore loss in the prior year. Zepto aims to achieve EBITDA breakeven within 10 months while continuing growth. The expansion into new territories drove their revenue growth. Zepto competes in the quick commerce sector against Swiggy Instamart, BlinkIt (Zomato-owned), and BBNow (BigBasket).
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Will Quick Commerce Eat Amazon, Flipkart’s Festive Season Lunch?
Inc42
·
10m ago
Medial
- Quick commerce platforms are gaining a significant share in online grocery sales, expected to reach 51% outside the festive season. - Quick commerce platforms are challenging local kirana shops rather than traditional ecommerce marketplaces. - Ecommerce giants like Flipkart and Amazon dominate mobile phone sales and quick commerce platforms have limited impact in this category. - Customers prefer the credit features, returns, and exchanges offered by ecommerce marketplaces during the festive season. - Quick commerce platforms have limited inventory risks in the fashion category, with vertical marketplaces holding the key share. - Quick commerce platforms are rapidly adopting skin care and beauty products, which may impact niche players like Nykaa and Purplle. - The emergence of quick commerce platforms like Blinkit, Zepto, and Swiggy Instamart has disrupted traditional ecommerce giants in the market.
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JioMart unlikely to break into quick commerce top tier: BofA
Economic Times
·
1m ago
Medial
A Bank of America Global Research report suggests Reliance Retail's JioMart is unlikely to become a top player in the quick commerce sector due to its 30-minute delivery model. Unlike Blinkit, Zepto, and Swiggy’s Instamart, which utilize dark stores for faster service, JioMart operates from existing retail locations, limiting its market penetration. The report notes that dark store coverage is expanding, with competitors already capturing 85–90% of the market.
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Zomato's Blinkit sprints to quick commerce dominance in India
TechCrunch
·
1y ago
Medial
India's quick commerce market has experienced significant growth and remains vibrant despite the decline in other markets. It has seen a 10-fold growth between 2021 and 2023 and currently holds a 7% share of the total addressable market estimated at $45 billion. Zomato's Blinkit leads the market with a 46% share, followed by Swiggy's Instamart (27%) and newcomer Zepto (21%). The success of quick commerce relies on efficient supply chains, investments in dark stores, and partnerships with FMCG manufacturers and farmers. However, profitability remains a concern for investors, and the long-term sustainability of the model is still uncertain. Flipkart is also reportedly considering entering the market.
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Quick commerce growth cannibalising other retail channels, says Kearney report
Economic Times
·
1m ago
Medial
A Kearney report reveals that quick commerce platforms, like Zepto, Blinkit, and Instamart, are experiencing growth but mostly by cannibalizing sales from modern trade and e-commerce rather than generating new demand. Only 6-8% of sales are incremental. Despite steep discounts from supermarkets, quick commerce is popular due to convenience. It accounts for 3-6% of sales for many consumer goods, though its growth varies by product category, with groceries seeing the highest adoption.
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Swiggy takes Instamart to 42 cities ahead of festive season
Economic Times
·
11m ago
Medial
Swiggy's quick commerce business, Instamart, has expanded to 42 cities from 27 in order to meet the increased demand during the festive season. The platform has launched operations in 10 new cities and plans to expand further, particularly in tier 2 and 3 markets. Instamart aims to enhance its offerings by partnering with local brands and vendors. Competitors such as Blinkit and Zepto are also expanding their operations in the quick commerce space. Larger ecommerce players like Flipkart and Amazon are entering the market with their own quick commerce services.
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