I'm a pro medialist • 6m
Dunzo, a Bengaluru-based hyperlocal delivery startup founded in 2014, has been pivotal in India's quick commerce sector, offering on-demand delivery services for groceries, medicines, and other essentials. The company secured significant investments from major entities, including Google and Reliance Retail, the latter acquiring a 25.8% stake in January 2022. Despite a valuation of $744 million in 2022, Dunzo is currently facing financial challenges, with debts and liabilities around ₹600 crore. Reports suggest the company is seeking a distress sale to address these issues. The quick commerce sector in India has grown rapidly, becoming a $3 billion market in 2023 and projected to reach $40 billion by the end of the decade. However, intense competition from players like Blinkit, Swiggy, and Zepto has made sustainability challenging. Dunzo is now to be sold! what do you think, Will dunzo survive this economic crisis?
Content creator • 2m
Why is Reliance entering quick commerce? (A thread 🧵) Big brands are chasing 10-minute deliveries. Now Reliance has jumped into the race too. Cc: Marketing Mind Reliance Retail's Quick Commerce Growth Reliance Retail saw a 2.4x rise in orders for
See MoreI'm just a normal gu... • 4m
Tata Sons wants BigBasket to secure up to $1 billion in external funding to reclaim its lost ground in India's quick commerce sector. The grocery delivery platform, owned by Tata Digital, has lagged behind Blinkit, Zepto, and Swiggy Instamart. Ta
See MoreBigLoot.in - Where S... • 7m
Zomato Has 4 Major Apps Now • Zomato (Food Delivery) • Blinkit (Quick Commerce) • Hyperpure (Ingredients & Supplies) • District (Movies, Event, Going Out) While Swiggy Has One Application For Food Delivery, Quick Commerce and Dining BookMyShow is
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