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SWIGGY QUICK COMMERCE
Instamart says one in 10 baskets contains Noice products, announces expansion“At Instamart, we're building a differentiated, high-quality assortment that consumers can trust and brands can grow with. Noice is key to ...- UPI volumes slip; Moneyview makes strong market debutUPI transaction volumes in September moderated from the record high of August. This and more in today’s ETtech Top 5.
- SBI Mutual Fund’s stake in Swiggy crosses 5% as asset manager picks up shares worth Rs 300 croreSBI Mutual Fund bought the shares at around Rs 253-254 apiece on September 29, taking its holding in Swiggy from 4.7% to 5.1%.
- Telangana suspends licences of Swiggy Instamart, Flipkart, Zepto dark stores over food safety violationsTelangana's food safety authorities inspected 16 dark stores across the city and found serious hygiene violations. Four establishments had ...
- Prosus in talks to invest Rs 150 crore in Swiggy Instamart challenger BazaarNowBazaarNow, founded by former Zepto executives Priyanshu Jain, Arjun Harish and Tarithmay Mandal, sells groceries and daily essentials, focu...
- SC refuses UPI MDR stay; Nvidia unveils tools for rogue AIThe Supreme Court has refused to stay MDR on select UPI transactions and sought Centre’s response. This and more in today’s ETtech Top 5.
- New indicator for New India: 25 stocks whose numbers can reveal what is in store for the economy and the stock marketFor decades, there was a familiar way to understand the Indian consumer. Economists waited for GDP, industrial production, inflation, credi...
- Ownly launches in Hyderabad, bets on lower-cost food delivery modelRapido’s food delivery venture Ownly, which launhed in Hyderabad, is targeting profitability despite an average order value of around Rs 25...
- Quick-commerce sector shows signs of pricing discipline as discounting moderates: JefferiesThe quick-commerce scene in India is shifting its pricing strategies, with companies dialing down discounts and enhancing delivery minimums...
- Meesho shares can fall 28%, warns Nomura after initiating coverage with Reduce call. Here is whyShares of Meesho dropped up to 5% to Rs 221 after Nomura initiated coverage with a Reduce rating and a Rs 167 target price, citing a 28% do...
- IRDAI proposal hits insurance stocks; FSSAI vs ecomm giantsThe insurance regulator has proposed new limits on commissions as part of a wider overhaul. This and more in today’s ETtech Top 5.
- Amazon to bet $3 billion on India's fast-delivery boom, sources sayAmazon has announced plans to invest $3 billion in its quick commerce business in India by 2030. This investment aims to expand its network...
- Swiggy's Instamart extends Yulu, Yuma ties to ramp up EV deliveriesInstamart is expanding its battery-swapping stations network to encourage electric vehicle use in last-mile delivery. The improvements are ...
- UPI MDR prompts D2C brands to reassess costs as festive sales loomUnder the new framework, the government has introduced a 0.4% MDR on P2M (person-to-merchant) UPI transactions above Rs 2,000, capped at Rs...
- Amazon crosses $1 billion in annualised quick commerce sales: India chief Samir KumarAmazon India's quick commerce unit Now has achieved $1 billion in annualised sales. The company is rapidly expanding its operations to over...
- Rs 80,000 crore digital ad pie: Karan Taurani spots a hidden profit lever in new-age stocksIndia’s new-age internet companies may be sitting on a profit engine that investors are still not fully pricing in: advertising.
- India’s festive demand hits 5-year high: From cars and ACs to TVs, apparel and quick commerce, retailers expect a bumper Navratri-Diwali seasonConsumer demand in India has reached a five-year high during the initial festive period, with sales growth recorded across home appliances,...
- Flipkart Minutes sees path to profitability, plans 100 new fulfilment centres every monthWith its sights set on aggressive growth, Flipkart Minutes is swiftly enhancing its operations and bolstering financial results. The initia...
- Swish raises $24 million funding, bets on repeat orders to scale up 10-minute food deliverySwish, a 10-minute food delivery startup, has raised $24 million to expand its kitchen network and supply chain. The two-year-old company h...
- Flipkart launches standalone Minutes app, rolls out food delivery pilot ahead of BBD saleFlipkart has launched a standalone app for its quick commerce arm Flipkart Minutes, ahead of its Big Billion Days sale. The company is also...
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