quick commerce
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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...
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...
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)....
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...
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...
Zero-commission app WAAYU expands food delivery to Hyderabad
Zero-commission food delivery platform, WAAYU, has started its services in Hyderabad and Secunderabad. Currently serving 500 restaurants, the startup plans to expand to over...
FSSAI plans discussions with quick commerce firms on sale of near-expiry food items
Due to the current controversy about food safety at a Zomato warehouse, the Food Safety and Standards Authority of India (FSSAI) plans to meet...
Zomato CEO Deepinder Goyal clarifies vendor’s mistake on ‘future packing date’
A few days after reports claimed that a food safety raid at Zomato's Hyperpure warehouse in Hyderabad found 90 packets of button mushrooms with...
Magicpin cuts platform fee to INR 5 as Zomato, Swiggy raise charges
Magicpin, a hyperlocal delivery service, has cut its platform fee to INR 5 per delivery, making it half the cost of what Zomato and...
Meesho slashes losses by 96.6% in FY24, orders surge by 36% YoY
Meesho's operating revenues surged by 32.7%, reaching INR 7,615 Cr in FY24, up from INR 5,735 Cr the previous year.Meesho adjusted losses to INR...