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Food delivery and quick commerce platforms like Zomato, Blinkit, and Swiggy Food and Instamart witnessed an unprecedented surge in orders on New Year's 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.
ETtech's 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.