Thursday, November 21, 2024

Quick Commerce

The Reserve Bank of India (RBI) has highlighted rural India's significant contribution to ecommerce growth in the recent festive season. In its November 2024 monthly bulletin, the central bank noted that rural India is becoming a...
Zomato has delisted multiple "potentially fraudulent" restaurants from its platform after users flagged suspicious single-dish eateries. The foodtech major took swift action, investigating restaurants with limited menus that may have listed prohibited items.Zomato finds restaurants using names...

Indic Wisdom bags $2 Mn in pre-Series A funding to expand wood-pressed oil business

Mumbai-based wood-pressed oils manufacturer Indic Wisdom has raised $2 million (approximately INR 16.88 crore) in its Pre-Series A funding round, led by Rockstud Capital...

10-minute food delivery startup Swish raises $2 Mn in seed funding

Just three months after its incorporation, Swish, a 10-minute food delivery startup, has secured $2 million in seed funding led by venture capital firm...

Zepto expands Cafe service to major cities after achieving INR160 Cr revenue run rate

Quick commerce company Zepto has announced the expansion of its cafe service to 120 cities, including Delhi NCR, Bengaluru, Hyderabad, Chennai, and Pune. This move...

Swiggy appoints ex- Lenskart executive Supriya Shankar as VP of Events

Foodtech giant Swiggy has appointed Supriya Shankar, a former Lenskart executive, as Vice President of its events and experience vertical. Shankar brings over a...

Flipkart to create 600 jobs with new FSC centre in Indore

Flipkart, India's leading e-commerce platform, has launched a new Fulfilment and Sortation Center (FSC) in Indore, Madhya Pradesh. Spanning 1.59 lakh sq. ft., this...

Zepto doubles target, aims to secure $300 Mn from domestic investors

Indian quick commerce startup Zepto is set to raise $300 million from domestic investors, doubling its initial target, as per sources close to the...

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...

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