Quick Commerce
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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...
Motilal Oswal initiates coverage on Swiggy with ‘Neutral’ rating, sees 15% upside potential
Brokerage company Motilal Oswal has initiated coverage on Swiggy with a 'neutral' rating, predicting a 15% upside potential from its current stock price. This...
Zomato expects 30% annual growth in core delivery business over next five years
Food delivery platform Zomato foresees its core delivery business to grow at an annual rate of 30% over the next five years, driven by...
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...
Zomato introduces ‘District’ App, enabling customers to book tables, tickets, and events
Food delivery platform, Zomato has rolled out its 'District' app on iOS and Android platforms, three months after announcing its launch. The app enables...
Morgan Stanley ups Zomato’s target price to INR 355, sees 31.7% upside potential
Global brokerage firm Morgan Stanley has increased its target price for Zomato to INR 355 from INR 278, citing the company's potential to benefit...
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...
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...