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INDIAN QUICKCOMMERCE IMPACT
Swiggy CEO on failed shareholder vote; Indian firms brace for MythosHappy Thursday! Swiggy group CEO Sriharsha Majety opened up about the recent hitch to become an Indian-owned company. This and more in toda...- Quick commerce, restaurant chains firing offers to cash in on IPLAmazon Now, Flipkart Minutes and Instamart this weekend launched ‘match-ready’ deals on food and beverages brands with discounts of over 40...
- In consumer goods, access to capital no longer the primary differentiator; profitability key for survivalIndia's consumer businesses are changing their strategy. They are now focusing on profitability rather than just rapid growth. Digital plat...
- India-EU FTA: Cheaper European treats on the wayEuropean chocolates and pasta will become significantly cheaper in India. The India-European Union free trade agreement, expected by early ...
- Govt asks quick commerce platforms to drop '10-minute delivery' brandingThe labour minister has asked quick commerce firms to stop advertising 10-minute deliveries, citing worker safety. Platforms have agreed to...
- Meet the youngest man and woman in India's top 200 self-made entrepreneurs listKaivalya Vohra, 21, and Ghazal Alagh, 36, are the youngest self-made entrepreneurs featured in India’s Top 200 Self-Made Entrepreneurs of t...
- Amazon to launch quick commerce deliveries in India amid boom in segmentThis will be Amazon's first global launch of a 15-minute delivery service. Amit Agarwal, who kept the name still under wraps, said the firm...
- We’re 100% compliant with FDI regulations; aim to be majority India-owned: Zepto’s Aadit PalichaMonthly cash burn expected to have topped $35 million, but Zepto's Palicha says company is multiplying on the scale of billions of dollars....
- DMart will be a test case amid India's raging retail warsIndia's retail landscape is shifting as the rise of quick commerce and online platforms challenges traditional and modern trade, impacting ...
- Cola price war intensifies with Reliance's Campa expansionReliance Consumer Products is intensifying competition in the Indian soft drinks market by expanding its Campa range at half the price of C...
- Quick commerce market booming: FMCG distributors raise red flags, seek scrutinyFMCG distributors in India have urged government scrutiny of quick commerce platforms, citing threats to small retailers and potential FDI ...
- Uber ups hyperlocal deliveries as quick commerce takes offDelivers prepaid items from kirana stores; offers service in NCR, Bengaluru, Chennai, Hyderabad, Jaipur, Lucknow, Kolkata, Guwahati and Lud...
- Uber’s hyperlocal push; Paytm Bank’s bill pay biz transferredHappy Thursday! Ride-hailing platform Uber is strengthening its hyperlocal deliveries from neighbourhood stores. This and more in today’s E...
- Confectionery startup Go Desi raises $5 million in funding led by Aavishkaar CapitalBengaluru-based startup Go Desi secured Rs 41 crore in equity investment from Aavishkaar Capital for business expansion. The Series B round...
- Zepto’s $300 million funding; Meta taps Reliance for data centreThe Mumbai-based Zepto is eyeing a valuation of around $2.5-3 billion, as against the $1.4 billion it was assigned on turning unicorn last ...
- Baron Capital marks Swiggy valuation at $12.1 billion, up 13% from last fundraiseBaron Capital, which participated in Swiggy's $700-million funding round in January 2022, has increased the fair value of its holding in Sw...
- Zomato hits pause on Blinkit integration to focus on building super brandsWhen Zomato acquired Blinkit for $570 million in an all-stock deal in 2022, analysts and investors were watching out for how the latter wou...
- ETtech Deals Digest: Weekly funding up on year at $167 million, but dips sequentiallyIn the comparable week in 2022, startups had raised $133 million across 21 funding rounds. The deals this week averaged about $11.13 millio...
- Swiggy’s long-time product head Anuj Rathi quitsRathi was one of the senior-most product leaders in the firm, having joined it in 2016 as vice president (VP), revenue and growth. Prior to...
- Zomato's Gold programme helps company reclaim market share from Swiggy: HSBC reportThe report pegged Zomato’s market share for the January-June 2022 period at 55%, with the remaining 45% being held by Swiggy. This changed ...
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