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Blinkit best positioned to benefit from quick commerce growth; Zomato PT raised to INR 353: CLSA
Brokerage firm CLSA anticipates that the gross order value of major quick commerce players like Blinkit, Zepto, and Swiggy Instamart will reach $10 billion...
Blinkit goes live in Kochi, first store opens in Kaloor
Gurugram-based quick commerce platform Blinkit has launched its services in Kochi, Kerala, as announced by a senior company official in a social media post...
Zomato issues 38.72 lakh equity shares under ESOP plans
Zomato, the foodtech giant, has allocated 38.72 lakh equity shares under its employee stock option plans (ESOPs).In an exchange filing on Thursday (August 29),...
Centre probes impact of quick commerce growth on kirana shops
Amid growing concerns that the unchecked expansion of quick commerce platforms like Blinkit and Swiggy Instamart is affecting India’s kirana sector, the Centre has...
Amazon to launch quick commerce services in India by Q1 2025
Ecommerce giant Amazon plans to launch its quick commerce services in India by the first quarter of next year.According to an ET report, the...
Hyperlocal food & beverage brands scale up presence on quick commerce to capture festive season demand
Hyperlocal food and beverage brands are increasingly expanding to quick commerce platforms like Zomato's Blinkit, Zepto, Swiggy Instamart, and BigBasket's BBNow.These brands aim to...
Bollywood icon Amitabh Bachchan’s family office acquires minor stake in Swiggy
High-net-worth individuals are increasingly turning to public markets-bound new-age firms, particularly quick-commerce companies, as their top investment picks.The family office of Bollywood superstar Amitabh...
BigBasket shifts focus to quick commerce with BB Now, aims for rapid 10-30-minute deliveries
Tata-owned BigBasket, the largest e-grocer known for its slotted deliveries, is transitioning into a full-scale quick commerce platform as the sector's rapid growth fuels...
E-commerce overtakes brick-and-mortar in high-value goods, quick commerce eyes next frontier
The traditional touch-and-feel retail experience, where customers prefer to inspect products physically before buying, is now being overshadowed by e-commerce. Despite e-commerce’s rapid growth...
This ‘Made-in-India’ Brand is Serving Global Flavors on a Plate, Targeting INR 40 Cr Turnover in 2024
As the global palate of Indian consumers evolves, one Mumbai-based brand is bridging the gap between convenience and authenticity in international cuisine. Ceres Foods,...
Rapid growth of quick commerce platforms threatening fair competition: AICPDF
As the debate over "predatory pricing policies" by ecommerce platforms continues, the All India Consumer Products Distributors Federation (AICPDF) has called on Union Commerce...
Zomato stock jumps over 4%, touches intraday high of INR 269.75
Foodtech giant Zomato's shares surged 4.7% to reach an intraday peak of INR 269.75 on the BSE today, following the company's decision to close...