Page 10 - Quick Commerce News Today

Indias neighborhood grocery stores, numbering around 12 million, experienced a slowdown in sales in the last quarter of 2023, while quick-commerce firms gained market share. Companies like Marico, Dabur, and Parle noted challenges in profitability and liquidity for traditional kirana stores. Quick-commerce platforms like Swiggy Instamart and Zomato-owned Blinkit have contributed significantly to FMCG sales, accounting for 30-50% of e-commerce sales for these companies.

The Quick Commerce Market is projected to grow from $4.52 billion to $11.67 billion in 2032, at a CAGR of 12.6% in forecast period

Within the complex realm of food delivery behemoths, Swiggy has revealed its financial story for the fiscal year that concludes on March 31, 2023 (FY23). The data illustrates expansion, diversification, and calculated moves made in the pursuit of profitability and a successful IPO.

Food delivery aggregator Swiggy is testing a potential doubling of its platform fee from ₹5 to ₹10 per food order as it prepares for its upcoming IPO.

Zomato-owned Blinkit and Swiggy Instamart are offering a wide range of pooja products, from diyas, incense sticks, oil, wicks and flowers to the orange Hanuman flags that have emerged in the run-up to the inauguration across cities.

Ayodhya Ram Mandir: Q-commerce majors Zepto, Swiggy Instamart and Blinkit have added categories such as ‘Ram Mandir Inauguration’, ‘Light Up Your Pooja Corner’, and ‘Light Up & Celebrate’ on their respective applications to lure customers.

/PRNewswire/ -- CoherentMI published a report, titled, Global Ultrasonic Nebulizer Market Size is estimated to grow from US$ 218.3 Million in 2023 and is...

Startups have been grappling with a funding crunch with investments having declined to a seven-year low of $8.2 billion in 2023.

When Zomato acquired Blinkit for $570 million in an all-stock deal in 2022, analysts and investors were watching out for how the latter would get integrated with its food-delivery parent.

When Zomato acquired Blinkit for $570 million in an all-stock deal in 2022, analysts and investors were watching out for how the latter would get integrated with its food-delivery parent.