Page 11 - Quick Commerce News Today

Ecommerce: Consumers are moving back to brick-and-mortar stores to buy expensive items such as smartphones and televisions. However, the opposite is observed in the case of FMCG products. For fast-moving consumer goods (FMCG), companies like ITC, Emami, Marico, Parle Products and Dabur have reported a growth of 3-5% percentage points in e-commerce contribution in the last one-two years, driven largely by quick commerce.

Swiggy Invesco Valuation: This is the second consecutive time the global asset management company has increased Swiggys value, according to regulatory filings.

The year 2023 witnessed a quantum leap in the speed and customer experience realm, as same day and next day delivery models took centre stage, especially for Direct-to-Consumer (D2C) commerce companies.

The year 2023 witnessed a quantum leap in the speed and customer experience realm, as same day and next day delivery models took centre stage, especially for Direct-to-Consumer (D2C) commerce companies.

Consumers are moving back to brick-and-mortar stores to buy expensive items such as smartphones and televisions. However, the opposite is observed in the case of FMCG products. For fast-moving consumer goods (FMCG), companies like ITC, Emami, Marico, Parle Products and Dabur have reported a growth of 3-5% percentage points in e-commerce contribution in the last one-two years, driven largely by quick commerce.

Food delivery and quick commerce platforms like Zomato, Blinkit, and Swiggy Food and Instamart witnessed an unprecedented surge in orders on New Years Eve, according to senior industry executives. The top executives took to microblogging site X (formerly Twitter) to share updates on the order trends for the evening.

ETtechs year-end stories delve into key events that shaped the technology and startup scene this year. ​Here are the top reads as we reviewed 2023.

Quick Commerce: Aman Gupta, co-founder and CMO, Boat in an email query said that by the end of fiscal year (FY25), the electronics company expects to reach roughly Rs 70 crore in gross revenue through transactions on platforms like Blinkit, Swiggy Insta, and Zepto.

While executives in the industry said that the public demand for quick commerce had been established, especially in urban and high-population-density areas, the key task in 2024 would be to improve profitability and experiment with various categories as well as sale events.

Quick Commerce 2023: While executives in the industry said that the public demand for quick commerce had been established, especially in urban and high-population-density areas, the key task in 2024 would be to improve profitability and experiment with various categories as well as sale events.