quick commerce
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FMCG firms adjust to quick commerce boom, cut distributor sales amid inventory oversupply
India's booming quick commerce sector is prompting fast-moving consumer goods (FMCG) companies to reduce sales to distributors in major cities and manage an oversupply...
Premiumisation and pent-up demand to drive festive growth in 2024: Redseer Report
Premiumisation and pent-up demand are set to drive festive demand in 2024, according to a new report from Redseer Strategy Consultants. The͏͏ report͏͏ reveals͏͏...
Swiggy Instamart launches 24×7 delivery service in Delhi-NCR ahead of festive season
With the festive season approaching, quick commerce giant Swiggy Instamart has launched a 24×7 delivery service in the Delhi-NCR region.In͏͏ a͏͏ statement,͏͏ the͏͏ company͏͏...
India’s quick commerce sales surge 280% in two years, expected to reach USD 9.95 Bn by 2029
India's quick commerce industry has seen significant growth, with sales increasing by over 280 per cent in the past two years,͏͏ according͏͏ to͏͏ a͏͏...
As quick commerce boom continues, Tiger Global eyes stake in Zepto
As the quick commerce competition intensifies in India, with companies branching out from FMCG and groceries to a broader range of consumer goods, Tiger...
Swiggy allocates lion’s share of IPO proceeds to expand Instamart dark stores
Swiggy's updated prospectus, filed on Thursday for its initial public offering (IPO), reveals the Bengaluru-based company's plans to continue investing heavily in its quick...
Swiggy’s revenue surpasses INR 10,000 Cr in FY24 as losses nearly halved
IPO-bound Swiggy reduced its losses by 44% for the financial year ending March 31, 2024. The decacorn startup reported a net loss of INR...
Swiggy’s Q1 loss widens 8% YoY to INR 611 Cr, operating revenue jumps 35%
IPO-bound Swiggy reported a consolidated net loss of INR 611 crore in the June quarter of FY25, an increase of over 8% from INR...
Amazon and Samara Capital invest heavily in More Retail to fuel expansion and enhance grocery fulfilment
Amazon and private equity firm Samara Capital are investing heavily in grocery retail chain More Retail, which received over INR 387 crore in capital...
Zepto retains top spot in LinkedIn’s 2024 list of India’s startups
Quick commerce platform Zepto has secured the top spot in LinkedIn's Top Startups India List 2024 for the second consecutive year. This͏͏ annual͏͏ ranking͏͏...
Archies records INR 6 Cr in quick commerce sales, targets INR 15 Cr revenue for FY25
City-based gifting retailer Archies has reported strong sales of INR 6 crore via quick commerce platforms like Blinkit, Zepto, and Swiggy Instamart. The͏͏ company͏͏...
Over 30% of shoppers rely on quick commerce for essentials: NielsenIQ
Quick commerce has become a key growth driver in grocery shopping, with 31% of Indian shoppers depending on it for their essential grocery needs͏͏...