Average order value is actually increasing in India, reaching ₹650. Plus, Q-commerce is on track to hit $5 billion next year. It's only growing from here.
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Zepto, an instant grocery delivery startup, is set to raise $650 million from existing and new investors at a valuation of $3.5 billion. This significant fundraise underscores the high interest in India's booming quick commerce sector
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Ok so after comparing the Q-Commerce and Local Stall / Vendors, now let's compare Food Aggregators and an average restaurant pricing.
As of today 28th September 2024 in Mumbai, I tried to compare a local restaurant which is around 950 meters to 1 km
meesho plan to raise 1 billion at the valuation of 10 billion via ipo(initial public offering). meesho plan to list in stock exchange. Meesho is one of the fastest growing e commerce company in company.
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Why does quick commerce succeed in India but struggle in the USA and other Western countries?
Quick commerce (q-commerce) is growing fast in India because of factors like high smartphone usage, a young population, and rapid urban growth.
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In 2024, Zepto raised over $1.35 billion across multiple funding rounds, significantly boosting its valuation to $5 billion. Key rounds included $665 million in June and $350 million in November, marking it as a leader in the quick commerce sector am