Page 9 - Quick Commerce News Today

From beaten-down valuations and a rudderless path, Zomato-owned Blinkit has raced ahead in the express delivery segment.

The platform, Froker, started with food and beverages and plans to expand into apparel and other verticals.

Business leads reveal how they plan to stay ahead of the curve

Zepto Pass is a membership program offering unlimited deliveries on orders over Rs 99 with up to 20% discounts. Zepto has become the second quick-commerce firm after Swiggy Instamart to offer subscription benefits.

Zepto Pass is a membership program offering unlimited deliveries on orders over Rs 99 with up to 20% discounts. Zepto has become the second quick-commerce firm after Swiggy Instamart to offer subscription benefits.

Quick commerce firms like Zepto, Swiggy, and Blinkit reported record-breaking sales on Valentines Day. There was a surge in orders for flowers, chocolates, perfumes, and contraceptives. These firms likely posted their best-ever single-day sales, surpassing their previous records set on New Years Eve.

Macquarie maintained an underperform rating on Zomato with a target price of Rs 76. The company has seen steady margin improvements and strong Quick Commerce growth, it said.

During the third quarter, Blinkit said its growth was faster than the year-on-year increase in its gross order value (GOV). Blinkits GOV for the quarter ended December 31 doubled to Rs 3,542 crore.

To be sure, the growth of over 200 percent was also because the total revenue from ads was coming off of a low base.

The Tata group-backed company expects to turn profitable early next year, reaching a rarefied milestone in the online grocery space. But first, BigBasket needs its quick-commerce arm to hustle.