Blinkit strike causes 1% revenue loss in 3-4 days: ICICI Securities
Blinkit delivery executives went on strike last week, demanding the rollback of recent changes made to delivery incentive structures in Delhi NCR.
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Blinkit, Zepto, Instamart, JioMart, DMart: Jefferies orders groceries to find best discounts
Quick commerce players offer the lowest discounts due to their focus on convenience.
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.
Swiggy FY22 loss doubles to ₹3,628 cr; revenue grows 2x
The net loss of the food and grocery delivery platform widened due to sharp rise in expenses, which spiked to ₹9,748.7 crore, from ₹4,292.8 crore a year ago.
Quick commerce will grow 10 times in metros in 1-2 years: Zepto's Vohra
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.
CRED, upGrad, Groww & Zepto top start-up choices for work: LinkedIn
The list is compiled across four pillars namely employee growth, job seeker interest, member engagement with the company, and its employees, and the ability of start-ups to attract and retain talent.
Deepinder Goyal to donate ESOPs worth ₹700 cr to Zomato foundation
The Zomato Future Foundation will cover the education expenses of up to two children up to ₹50,000 per child per annum of all delivery partners who are on its fleet for over 5 years.
Zepto scores a fresh $200 mn at a valuation of $900 mn
"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.
What’s the hype around 10-minute delivery concept? Pros & cons
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.
Quick Commerce: E-tail’s Great Disruptor
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?
