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Zepto to launch standalone app for 10-minute food delivery service
Economic Times
·
7m 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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Swiggy launches standalone app Snacc for 15-minute food delivery
Economic Times
·
7m ago
Medial
Swiggy has introduced a new standalone app called Snacc, designed for 10-15 minute food delivery in Bengaluru. Available on Google's Play Store and Apple's App Store, Snacc delivers fast food, prepared meals, and beverages, distinguishing it from Swiggy's existing Bolt service, which focuses on restaurant orders. This launch mirrors similar fast delivery services like Blinkit’s Bistro and Zepto Cafe, which also operate through standalone applications.
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Blinkit CEO responds to restaurant body concerns on 10-minute food delivery
Economic Times
·
6m 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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Zepto Cafe crosses 50,000 orders per day within 4 weeks: Aadit Palicha
Economic Times
·
6m 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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Zomato enters Zepto Cafe's realm with Blinkit-powered Bistro, offers 10-min delivery
YourStory
·
7m ago
Medial
Zomato-owned Blinkit has launched Bistro, a quick commerce app for 10-minute food delivery in select areas of Delhi-NCR. Bistro offers a wider range of products compared to its competitor, Zepto Cafe. Unlike Swiggy's Bolt, Bistro does not partner with restaurants for its operations. The launch of Bistro follows Zepto Cafe's plan to spin off its cafe offering into a separate app due to its popularity. Swiggy's Bolt already accounts for 5% of the company's total orders within two months of launch. The 10-minute food delivery segment is attracting interest from newer players like Swish, who recently raised $2 million.
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Zepto revenue more than doubles in FY24 to Rs 4,454 crore; net loss marginally down
Economic Times
·
7m ago
Medial
Quick commerce firm Zepto reported an operating revenue of Rs 4,454 crore in fiscal 2024, showing a 120% increase from the previous year. Despite this growth, the company's net loss only slightly decreased to Rs 1,249 crore. Zepto's CEO is optimistic about future profitability and expects to achieve profit after tax (PAT) in the near term. Additionally, Zepto plans to launch a standalone app for its 10-minute food delivery service, Cafe, next week. The company aims to expand its cafe business nationwide and achieve an annual revenue run rate of Rs 1,000 crore in the next fiscal year.
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Rebel Foods launches 15-min food delivery app ‘QuickiES’
Entrackr
·
5m ago
Medial
Rebel Foods launches 15-min food delivery app ‘QuickiES’ Cloud kitchen unicorn Rebel Foods is making a foray into the 15-minute food delivery segment to compete with foodtech giants like Zomato and Swiggy. In a LinkedIn post, EatSure co-founder and CEO Sagar Kochhar announced that Rebel Foods has launched its 15-minute food delivery app, QuickiES. Co-founded in 2011 by Jaydeep Barman and Kallol Banerjee, Rebel Foods operates a network of cloud kitchens and restaurants across multiple countries. It owns and operates several quick-service restaurant (QSR) brands, including Behrouz Biryani, Mandarin Oak, Oven Story Pizza, Sweet Truth, LunchBox, The Good Bowl, Firangi Bake, The Biryani Life, and Wendy’s. Rebel Foods claims to operate over 450 cloud kitchens across India, the MENA region, Indonesia, the UK, and 75 Indian cities. In FY24, the company’s revenue from operations increased to Rs 1,420 crore, while its losses narrowed by more than 42% to Rs 378 crore during the same period. The Mumbai-based startup has raised $773 million in funding to date from investors such as KKR, Temasek, Lightbox, Evolvence, and others. The instant food delivery market is becoming increasingly competitive, with Zepto launching a dedicated app for Zepto Cafe, promising 10-minute food deliveries. Meanwhile, Zomato-owned Blinkit has introduced Bistro, a standalone app for instant food delivery. Similarly, Swiggy has launched a standalone app, SNACC, for 15-minute food delivery. Zomato has also entered the quick food delivery segment, while emerging platforms like Swish, Magicpin, and Zing are gaining momentum.
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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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BigBasket wants a slice of 10-min food delivery pie
YourStory
·
7m ago
Medial
BigBasket, backed by Tata, is planning to introduce a 10-minute food delivery service. The company aims to offer a variety of food items that can be delivered within 10 minutes, potentially combining house brands and private labels. This move is part of BigBasket's strategy to tap into the quick commerce market, which is gaining popularity. With the support of Tata's FnB chains like Starbucks and Qmin, BigBasket plans to launch the service in the next few months. Other players in the market, such as Swiggy, Zepto, and Zomato, have also entered the 10-minute food delivery space to cater to the growing demand for faster delivery.
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BigBasket pilots 10-minute food delivery with Starbucks, Qmin in Bengaluru
Economic Times
·
2m ago
Medial
BigBasket has launched a 10-minute food delivery pilot in Bengaluru, incorporating offerings from Starbucks and Qmin. This expansion comes ahead of its planned 2025 food delivery service launch. As rapid food delivery gains traction with competitors like Zepto, Swiggy, and Blinkit, Tata Sons has urged BigBasket to accelerate its response to the quick commerce market. The service includes beverages, snacks, meal bowls, and desserts, aiming to enhance BigBasket’s competitive stance in the growing segment.
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Magicpin to deliver food in 15 minutes
Entrackr
·
7m ago
Medial
Offline discovery and rewards platform Magicpin has announced its quick delivery service MagicNOW, a new 15-minute food delivery offering piloted across major Indian cities and metros. According to the company, MagicNOW will provide fast food deliveries within a 1.5 km to 2 km radius and will initially launch in Bengaluru, Hyderabad, Mumbai, Chennai, Delhi-NCR, and Pune. During the pilot phase, conducted between November 14 and December 15, MagicNOW claims to have completed 75,000 deliveries from a network of more than 2,000 food brands, including Chaayos, Faasos, Wendy's, Burger King, McDonald's, Taco Bell, and over 1,000 local restaurants. The company stated that the service is designed to cater to the rising demand for ultra-fast delivery of popular, quick-to-prepare dishes without compromising on quality or freshness. MagicNOW will only deliver food prepared by partner restaurants and will not operate through any dark stores. Delivery for MagicNOW will be powered by Velocity by Magicpin, an aggregator of third-party logistics (3PL) providers. Under Velocity, Magicpin consolidates 3PL services from partners such as Shadowfax, Dunzo, Rapido, Porter, OLA, and Zypp, streamlining supply chain operations for brands and sellers. The Anshoo Sharma-led company currently offers Velocity to multiple brands, including KFC, Burger King, and IGP Gifting. In October, Magicpin claimed to have emerged as the largest food delivery seller on the Open Network for Digital Commerce (ONDC), processing nearly 150,000 daily food and logistics orders. The instant food delivery market is heating up as established quick commerce players like Zepto, Swiggy, and Blinkit dominate the segment, while emerging players such as Swish and Zing are also gaining traction. Blinkit, owned by Zomato, launched its new 10-minute food delivery service, Bistro, last week. Meanwhile, Zepto is preparing to roll out a dedicated app for Zepto Cafe, to offer 10-minute food deliveries, and Swiggy introduced its own 10-minute food delivery service, Bolt, in October this year.
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