quick commerce
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Bernstein raises Zomato’s price target to INR 230, upholds ‘OUTPERFORM’ rating following strong Q4 results
After reviewing Zomato's Q4 results, brokerage firm Bernstein upheld its "OUTPERFORM" rating for the foodtech company's stock and increased its price target (PT) from...
Blinkit’s Q4 FY24 revenue hits INR 769 Crore; loss narrows to INR 37 Crore
Blinkit, Zomato’s quick commerce vertical, achieved positive adjusted EBITDA in March 2024 as it continued to scale up the average order value and volume...
IPO-bound Swiggy resumes homestyle meal delivery service ‘Swiggy Daily’, integrates into main app
Foodtech giant Swiggy has reintroduced its homestyle meal delivery service, Swiggy Daily, after a four-year hiatus from its offerings. Originally launched in 2019, the...
Quick commerce sector soars as Millennial and Gen Z homes drive growth
Just two years ago, the idea of quick commerce or instant deliveries was often dismissed with laughter. Some even argued that consumers had no...
Adani Wilmar targets doubling staple foods business within three years
Adani Wilmar has set its sights on expanding its food and FMCG operations to reach approximately INR 10,000 crore within the next three years....
True Elements to bring it all for snacking, from seeds to 5pm snacks!
In a world where health is wealth, a Pune based company, True Elements stands as a beacon of hope, offering wholesome breakfast alternatives and...
Swiggy files confidential draft papers with SEBI for IPO launch
Swiggy, a prominent food delivery giant, has reportedly filed for an initial public offering (IPO) via confidential pre-filing route with the Securities and Exchange...
CCPA asks quick commerce giants for proof of ’10-minute’ delivery claims
The Central Consumer Protection Authority (CCPA) has reportedly directed quick commerce players Blinkit, Swiggy Instamart, Zepto, and Big Basket (BB Now) to provide evidence...
Flipkart taps supply chain head Hemant Badri to spearhead quick commerce expansion
As competition intensifies in the quick commerce space, Flipkart, the ecommerce giant, has tapped its Senior Vice President and Group Head of Supply Chain,...
Flipkart’s bid for majority stake in Zepto hits snag; quick-commerce startup shifts focus to financial investors
Flipkart, a leading player in e-commerce, engaged in discussions with Zepto regarding a potential deal. However, as reported by ET, these discussions have come...
Swiggy merges Swiggy Mall with Instamart to expand quick commerce offerings beyond groceries
Swiggy, the food tech giant, announced on Thursday that it will merge Swiggy Mall with its quick commerce offering Instamart. This strategic move is...
D2C brands shell out 30-45% commission for quick-commerce platform listings
With the surge in demand for quick-commerce platforms, niche D2C companies operating in sectors such as fast-moving consumer goods, beauty and personal care, and...