
Dunzo, Blinkit, Zepto new distribution platforms for FMCG majors
According to a recent report by Nuvama Institutional Equities Research, 10% of HUL's ice cream sales in Q2 of FY23 came from quick commerce.
According to a recent report by Nuvama Institutional Equities Research, 10% of HUL's ice cream sales in Q2 of FY23 came from quick commerce.
The concept of quick commerce or delivery of groceries and convenience items to customers in under 30 minutes may have seemed bizarre to many initially but the service is clearly gaining traction.
Newly-listed start-ups do well in stock markets but will have to turn profits to justify their multibillion-dollar valuations.
Dunzo CEO and co-founder, Kabeer Biswas claims that he has doubled his unit economics and margin growth in the past few months.
Revenue growth in food delivery is tapering out. How do you continue growing? Quick commerce opens up a new market as the grocery market is much larger than the food delivery market, says an analyst
"We have grown quarter on quarter, turned multiple micro markets profitable on an operating basis, we have got our burn per order down significantly," says co-founder & CEO Aadit Palicha.
Mahindra Logistics expects a slower start to the year due to Ukraine crisis, and a pick up across segments in the later part of the year.
The buzz around 10-minute delivery is so strong that almost all top food delivery startups – Zomato, Swiggy, Ola, Zepto, Blinkit, BigBasket – have now come up with their version of quick commerce.
New players like Zepto along with biggies such as Blinkit, Swiggy and Dunzo are ramping up operations with micro warehouses and under 30-minute deliveries. Will their gamble work?
Starting in 2005, Blackstone India has made some of the most aggressive bets on India’s real estate sector.