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Bengaluru: Electric vehicles are powering the green transformation of India's ecommerce industry. Amid an overall surge in order volumes, companies like Flipkart, Amazon, BigBasket, Swiggy, and Eternal (formerly Zomato) are speeding up the transition to ecofriendly vehicles for last-mile delivery, especially quick commerce. This is helping cut costs while lowering emissions and reducing the climate footprint. Walmart-backed Flipkart is looking to make its entire logistics fleet electric. After ...Read More >
India is also undergoing a content revolution. In the past five years, short-form video platforms have witnessed a 3.6X surge in daily active users, positioning themselves as serious competitors to mainstream digital entertainment platforms. India's online commerce sector is set to skyrocket from $30 billion in 2020 to $300 billion by 2030, contributing to what is now being dubbed a $1 trillion digital consumer opportunity, according to a new report by Bessemer Venture Partners titled Click, Wa ...Read More >
New Delhi, May 27 (PTI) Quick commerce platform Instamart has dropped parent Swiggy from its name, in a strategic move aimed at carving a standalone brand identity. The move comes days after rival Zomato, which also owns Blinkit, rebranded as Eternal on the stock exchanges, with quick commerce becoming a significant driver for the firms beyond their food delivery businesses. At multiple instances, Swiggy Group CEO Sriharsha Majety has spoken about how the company expects Instamart to surpass f ...Read More >
New Delhi: Shares of food tech unicorn Zomato plummeted 12 per cent in the morning trade on Tuesday after the food delivery aggregator reported a 57.2 per cent drop in consolidated net profit for the December quarter to Rs 59 crore. The scrip of the company fell 11.81 per cent to Rs 212.50 apiece on the BSE. On the NSE, shares of Gurugram-headquartered Zomato depreciated by 9.99 per cent to hit its lower circuit level of Rs 215.80 per piece. On Monday, shares of Zomato settled more than 3 per ...Read More >
New Delhi, Jan 21 (PTI) Shares of food tech unicorn Zomato plummeted 12 per cent in the morning trade on Tuesday after the food delivery aggregator reported a 57.2 per cent drop in consolidated net profit for the December quarter to ₹59 crore. The scrip of the company fell 11.81 per cent to ₹212.50 apiece on the BSE. On the NSE, shares of Gurugram-headquartered Zomato depreciated by 9.99 per cent to hit its lower circuit level of ₹215.80 per piece. On Monday, shares of Zomato settled more tha ...Read More >
New Delhi: Blinkit, the quick-commerce giant famous for delivering groceries and essentials in minutes, is taking a big leap into the world of electronics. CEO Albinder Dhindsa recently shared the news on X and announced that users can now order laptops, monitors, printers and other electronic items through the platform, all delivered to their doorstep in just 10 minutes. "We're expanding our electronics range to cover more use cases and have partnered up with leading brands in this category," ...Read More >
Gurugram: In a unique move, quick commerce player Blinkit has launched a 10-minute ambulance service to provide fast medical assistance in Gurgaon. The service, which began on Thursday, January 2, is set to make emergency healthcare more accessible to the public. Starting with five ambulances on the roads of Gurgaon, Blinkit's founder and CEO, Albinder Dhindsa, shared that the service will expand to other areas in the future. Users will be able to book a Basic Life Support (BLS) ambulance throug ...Read More >
Former Cleartrip CEO Ayyappan R has secured $8 million in seed funding for his quick commerce startup, FirstClub. Backed by Accel and RTP Global, the platform will offer premium local and global fresh products on a subscription model, launching in Bengaluru by mid-2025. FirstClub aims to cater to a discerning customer base seeking high-quality products and convenient delivery.Quick commerce startup, FirstClub, founded by former chief executive of Flipkart-owned Cleartrip Ayyappan R, has raised $ ...Read More >
Quick commerce company Zepto will launch a separate app for Zepto Cafe, its 10-minute food delivery unit, next week, co-founder and CEO Aadit Palicha announced on social media on December 11. While Zepto Cafe will be available through another app, customers will also have an option to shop for coffee, sandwiches and more via the main app. Zepto's move to have two entry points is similar to what Zomato did with Blinkit, the company's quick commerce arm, over a year ago. While Zomato piloted hav ...Read More >
Swiggy's quick commerce segment also saw remarkable growth, with revenue surging by 135% to Rs 490 crore in Q2 FY25 from Rs 208 crore in Q2 FY24. Foodtech and quick commerce giant Swiggy has managed a 30.3% quarter-on-quarter growth in its operating revenue which spiked to Rs 3,601 crore during Q2 FY25 as compared to Rs 2,763 crore Q2 FY24. This growth was largely driven by the expansion of its quick commerce businesses which grew 135% in the last quarter. Swiggy's food delivery business conti ...Read More >
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