Quick commerce
Zepto Finalising USD 175 Mn Debt Deal with Edelweiss; Plans Share Buyback Before IPO
The funds will be used to buy back shares from foreign investors, boosting Indian ownership ahead of Zepto's much-anticipated IPO, expected to be filed by mid-2025.
Swiggy Allots Equity Shares Worth INR 124.94 Cr Under ESOP Plan
Based on Swiggy's opening share price of INR 344.80, the total value of this latest allotment stands at approximately INR 124.94 crore.
Swiggy Grants Fresh ESOPs Worth INR 443.4 Cr to Employees Under 2024 Plan
Each of these stock options is convertible into equity shares.
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.
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.
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.
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.
Recur Club Unveils INR 150 Cr Fund to Boost D2C Growth in Quick Commerce
This special fund targets loan disbursal within seven days.
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.
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.
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.
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.
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.
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.
Flipkart Extends Its Quick Commerce Arm in Bengaluru
Flipkart has recently launched a quick commerce vertical called 'Minutes', exclusive to Bengaluru