Page 8 - Quick Commerce News Today

Zomato shares plunged 7% as Flipkart plans to relaunch Quick Commerce, but experts believe Zomatos quick commerce model is working well. Zomatos Q3 earnings exceeded expectations with strong growth. JM Financial suggests incumbents may consider M&A.

Flipkart Bigbasket: Tata Digitals BigBasket rebranded its slotted delivery service as "Supersaver" in January, promising sub-two-hour deliveries. Meanwhile, Walmarts Flipkart is offering with free same-day delivery across various categories in 20 cities.

According to a report by JM Financial, Flipkart can disrupt the existing QC industry structure.

At the heart of the ‘quick behind this new form of commerce are these micro warehouses that have mushroomed all over urban commercial centres. Operated by players such as Zomatos Blinkit, Zepto, Swiggy Instamart and Bigbaskets BB Now, they house a limited number of high-frequency use products.

Efforts to make commerce quick has seen spends on areas ranging from data science and technology to customer acquisition and retention. Companies are of the view that growth in the number of orders and subsequently their topline is what will make the bottomline improve.

Quick commerce companies now make up 40-50% of all e-commerce sales of FMCG firms and they pose an existential threat to both neighbourhood kirana stores as well as big e-comm players. Heres what makes them tick.

Quick commerce companies now make up 40-50% of all e-commerce sales of FMCG firms and they pose an existential threat to both neighbourhood kirana stores as well as big e-comm players. Here’s what makes them tick.

/PRNewswire/ -- CoherentMI published a report, titled, India Quick E-Commerce (Quick Commerce) Market was valued at US$ 652 Million in the year 2023 and is...

Dark kitchens/ghost kitchens/cloud kitchens are commercial spaces that offer food preparation and sometimes delivery but do not have traditional...

Quick-commerce platform donating 10M pounds of food to needy communities