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Swiggy’s revenue from food delivery, Instamart reaches INR 7,800 Cr in FY24
IPO-bound Swiggy Ltd. saw a 35% increase in revenue from its top two businesses—food delivery and the quick-commerce unit Instamart—in FY24, along with a...
Zomato shares plummet 5% as Macquarie predicts 47% decline ahead
Foodtech giant Zomato's shares took a hit of around 5% during intraday trading on Friday (May 31), falling to as low as INR 172.5...
Reliance Industries set to disrupt quick commerce market with JioMart’s entry, challenging Blinkit, Zepto, and others
Mukesh Ambani-led Reliance Industries, known for its disruptive presence in the consumer space with cut-throat marketing strategies, is now gearing up to enter India’s...
Zomato and Swiggy prioritize order frequency to drive growth amid slow user acquisition
A slowdown in user addition over the last few quarters has led online food-delivery platforms Zomato and Swiggy to prioritize increasing the frequency of...
Blinkit expands offerings with new sports and fitness essentials category, featuring top brands
Diversifying its offerings, Blinkit, Zomato's quick commerce platform, has introduced a fresh category featuring sports and fitness essentials. This includes premium brands like Adidas,...
iD Fresh Food’s quick commerce sales surge 100x in 2 years
Around 33% of iD Fresh Food's sales originate from quick commerce platforms, while its traditional e-commerce sales have experienced a 25% decline over the...
Quick-commerce platforms race to deliver gold and silver coins in 10 minutes on Akshaya Tritiya
As Akshaya Tritiya festivities sweep across the nation, quick commerce platforms are seizing the opportunity to offer gold and silver coins to users within...
Uber steps up hyperlocal deliveries in India to capture growing quick-commerce market share
As the demand for quick commerce grows in India, ride-hailing platform Uber is intensifying its hyperlocal deliveries from neighborhood stores, according to sources familiar...
Quick commerce sector soars as Millennial and Gen Z homes drive growth
Just two years ago, the idea of quick commerce or instant deliveries was often dismissed with laughter. Some even argued that consumers had no...
CCPA asks quick commerce giants for proof of ’10-minute’ delivery claims
The Central Consumer Protection Authority (CCPA) has reportedly directed quick commerce players Blinkit, Swiggy Instamart, Zepto, and Big Basket (BB Now) to provide evidence...
Flipkart taps supply chain head Hemant Badri to spearhead quick commerce expansion
As competition intensifies in the quick commerce space, Flipkart, the ecommerce giant, has tapped its Senior Vice President and Group Head of Supply Chain,...
Flipkart’s bid for majority stake in Zepto hits snag; quick-commerce startup shifts focus to financial investors
Flipkart, a leading player in e-commerce, engaged in discussions with Zepto regarding a potential deal. However, as reported by ET, these discussions have come...