Breaking News
Quick commerce market to reach $40 Bn by 2030, engulfs nearly half of kirana sales
Quick commerce companies are surpassing traditional retailers, with 46% of consumers reducing purchases from Kirana shops. The quick commerce market is expected to reach...
Zomato to raise INR 8,500 Cr via QIP in December
Food delivery giant Zomato is planning to launch a INR 8,500 crore qualified institutional placement (QIP) in December 2024, depending on market conditions.Morgan Stanley...
Rise of quick commerce is challenge to retailers, will become political issue – Uday Kotak
Kotak Mahindra Bank founder Uday Kotak has sounded a warning that the rapid growth of quick commerce trade poses a significant challenge to traditional...
Delhivery net profit surges to INR 10.2 Cr, revenue sees 8.1% jump in Q2
Delhivery, a leading logistics company, reported a consolidated net profit of INR 10.2 crore in the September quarter of FY25, marking its second consecutive...
Physics Wallah appoints Amit Sachdeva from Blinkit as CFO ahead of IPO
Physics Wallah, an edtech unicorn, has strengthened its leadership team by appointing Amit Sachdeva, former Blinkit executive, as its new Chief Finance Officer (CFO)....
CCI to move SC over competition law violations by Amazon, Flipkart
India's antitrust regulator, the Competition Commission of India (CCI), is considering taking its case against Amazon and Flipkart to the Supreme Court.High Courts receive...
CAIT targets Quick Commerce platforms over alleged law violations
The Confederation of All India Traders (CAIT) has set its sights on quick commerce platforms like Blinkit, Swiggy Instamart, and Zepto, accusing them of...
‘We are expecting solid growth for 3-5 years’ – Swiggy CEO after successful listing
Swiggy announced on Wednesday, November 13 that it expects strong growth in the next 3-5 years. The company plans to expand its geographical reach...
Nazara Technologies partners with ONDC to launch g-Commerce, allows in-gaming purchase
Nazara Technologies has collaborated with Open Network for Digital Commerce (ONDC) to launch gCommerce, a revolutionary in-game monetization platform.G-commerce to integrate e-commerce with gamingThis...
Zomato’s Quick Commerce arm Blinkit pilots large order fleet
Blinkit, the quick commerce arm of Zomato, has begun testing a large order fleet in the Delhi NCR region. This development comes after Zomato...
JM Financial initiates coverage on Swiggy with ‘Buy’ recommendation
Brokerage firm JM Financial has initiated coverage on foodtech major Swiggy, giving it a 'buy' recommendation and setting a price target of INR 470,...
Zomato welcomes Swiggy for stock market debut: “You and I… In this beautiful world”
Food tech major Zomato warmly welcomed Swiggy's debut on the stock market with a heartfelt social media post on Tuesday, November 13.Swiggy and zomato...