Quick commerce

News and Trends

Swiggy Grants Fresh ESOPs Worth INR 443.4 Cr to Employees Under 2024 Plan

Each of these stock options is convertible into equity shares.

News and Trends

Swiggy Instamart Announces 10-Minute Smartphone Delivery Across 10 Major Cities

The company in a statement said that consumers across the cities mentioned can purchase smartphones from brands such as Samsung, Apple, OnePlus, and Redmi.

News and Trends

15 Minutes or Free! Rebel Foods' QuickiES Sets a New Benchmark in Quick Commerce

Rolled out in Mumbai on Valentine's Day, QuickiES ensures that freshly prepared, high-quality dishes reach customers within 15 minutes—otherwise, the order is free.

News and Trends

India's Quick Commerce Landscape to Transform with 5,000+ Dark Stores by FY26: Report

By 2027–28, dark stores are projected to achieve a gross order value of $35 billion to $40 billion.

News and Trends

Snabbit Secures USD 5.5 Mn to Scale Its 15-Minute On-Demand Home Service Platform

The round was led by Elevation Capital with participation from Nexus Venture Partners and prominent angels, including Vidit Aatrey, Sanjeev Barnwal, Gaurav Munjal, and Niraj Singh.

News and Trends

Recur Club Unveils INR 150 Cr Fund to Boost D2C Growth in Quick Commerce

This special fund targets loan disbursal within seven days.

News and Trends

Reliance Retail Writes Off USD 200 Mn Investment in Dunzo Amid Cash Crunch

Reliance, which held a 25.8% stake since its January 2022 investment, is no longer pursuing further funding discussions or distress sale negotiations.

News and Trends

Blinkit Enters 10-Minute Food Delivery with Bistro App Launch

Bistro will cater to customers seeking quick access to snacks and ready-to-eat items like sandwiches, samosas, and coffee.

News and Trends

Myntra Joins Quick Commerce with Launch of 30-Minute Fashion Delivery Service 'M-Now'

As part of the M-Now offering, customers will enjoy access to premium beauty and fashion labels such as Estée Lauder, Forest Essentials, Paco Rabanne, and Armani Exchange. Myntra has also included popular everyday wear and accessories from brands like Roadster, Bewakoof, and Crocs, catering to a wide audience.

News and Trends

India's Quick Commerce Startups Poised to Go Global, Says Finance Minister Sitharaman

Sitharaman additionally proposed that Prasar Bharati enhance its streaming capabilities to create an international-standard OTT platform.

News and Trends

IvyCap Ventures Leads INR 51 Cr Funding for Blitz to Enhance Quick Commerce Infrastructure

The Bengaluru-based startup plans to use the fresh funding to expand its dark store network and enhance its 60-minute delivery infrastructure across India's top 20 cities.

News and Trends

Reliance Retail Enters Quick Commerce Market, Set to Challenge Blinkit, Swiggy Instamart, and BigBasket

In an effort to disrupt the rapid commerce industry, Reliance has already started testing pilot programs through JioMart in Bengaluru and Navi Mumbai.

News and Trends

Flipkart Extends Its Quick Commerce Arm in Bengaluru

Flipkart has recently launched a quick commerce vertical called 'Minutes', exclusive to Bengaluru

News and Trends

Blinkit Sales Hit As Delivery Executives Protest Against Pay Cut: Report

The development is estimated to have a bearing on Zomato's consolidated revenues for the first quarter of the current financial year

News and Trends

TESSOL Raises INR 7.5 Crore From Mela Ventures

The fund raised will be utilized for geographical expansion, capacity building, team building and application development