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Holi festivities drive record-breaking sales for quick-commerce giants Swiggy Instamart, Zepto, and Blinkit
Over the long weekend, Holi festivities boosted online spirits as quick-commerce platforms like Zomato's Blinkit, Zepto, and Swiggy Instamart experienced a significant increase in...
Zomato among Jefferies’ top picks for next five years, anticipates 2.5X share price increase by 2029
Zomato has secured a spot among Jefferies' "top picks" for the next five years, with the brokerage predicting a 2.5X increase in the foodtech...
Blinkit to outgrow Zomato within a year, says CEO Deepinder Goyal
Zomato Co-Founder and chief executive Deepinder Goyal stated on Monday that the company’s quick-commerce platform Blinkit will outgrow its mainstay food-delivery business within a...
Urban Company teams up with Blinkit for instant delivery of its new water purifiers, offers free installation
On-demand beauty and home service provider Urban Company has partnered with Blinkit to offer delivery services for its newly launched water purifiers, Native M1...
IPO-bound Swiggy merges InsanelyGood with Instamart
Swiggy, a prominent player in food and quick commerce, has merged its premium grocery vertical, InsanelyGood, with its quick commerce vertical, Instamart, as communicated...
Zepto experiments with platform fees to boost profitability
Zepto, a quick-commerce firm, has been experimenting with platform fees alongside handling charges and delivery fees in order to enhance its profitability.The company is...
Baron Capital elevates Swiggy’s valuation to $12.1 Billion, marking 13% increase from previous fundraise
A fund overseen by Baron Capital Group, an asset manager headquartered in the United States, has increased the fair value of the food-delivery platform...
Quick-commerce sector on track to compete with e-commerce giants, says Glade Brook Capital Founder
The Indian quick-commerce sector might see expansion into a much wider array of stock keeping units (SKUs), bringing it closer to ecommerce in the...
Flipkart challenges Zepto and Blinkit with quick commerce expansion
The quick commerce sector is all set to heat up once again as India’s e-commerce giant is now eyeing the segment. Flipkart has started...
No rush to expand categories, grocery remains primary focus: BigBasket CEO Hari Menon
BigBasket, the online supermarket owned by Tata Digital, emphasized that it isn't in a hurry to expand its range of products. Its primary focus...
Zomato’s shares reach record high of INR 175.5 amidst bullish market sentiment
Zomato, a major player in the foodtech industry, saw its shares surge to a record peak of INR 175.5 during early trading on the...
Quick commerce platforms Blinkit and Zepto expand into e-commerce, targeting fashion, beauty, electronics, and more
Two major quick commerce platforms, Blinkit owned by Zomato and Mumbai-based newcomer Zepto, are rapidly expanding into the realm of e-commerce. They are set...