Tag: quick commerce
Zepto IPO: ED summons founders in FEMA matter, seeks shareholding, business details
Quick commerce platform Zepto has disclosed in its updated draft red herring prospectus that cofounders Aadit Palicha and Kaivalya Vohra received a summons from the…
Flipkart revamps Shopsy to take on Meesho & Bazaar
Quick commerce platforms may have intensified the competition in India’s largest cities, but they do not yet match Flipkart’s reach across smaller markets, said its…
Early-stage vertical commerce startups continue to draw VC interest across beauty, fashion, services
Quick commerce startups specialising in verticals across fashion, beauty and services continue to attract early-stage venture capital funding as investors look to back the next…
Swiggy CEO Sriharsha Majety sees telecom parallels in qcomm frenzy, says strategic clarity is key
Swiggy founder Sriharsha Majety said companies that find strategic clarity early are more likely to survive aggressive spending cycles, drawing parallels between quick commerce’s current…
Quick commerce firms face heat as riders stay off peak hours
The quick commerce industry is facing a shortage of delivery partners amid intense heatwaves, prompting companies to roll out incentives to keep them on the…
Deepinder Goyal says AI chat interfaces won’t displace food delivery and quick commerce business
Eternal founder Deepinder Goyal dispelled fears that artificial intelligence (AI) chat interfaces could displace food delivery and quick commerce apps, while making the case that…
Blinkit flags growth moderation as quick commerce firm’s profitability improves
India’s largest quick commerce platform Blinkit flagged a potential moderation in growth as the base expands, even as it improved profitability in the January-March quarter….
Flipkart may launch standalone app for quick commerce business Minutes
Flipkart is planning to launch a standalone app for its quick commerce vertical Flipkart Minutes prior to its annual Big Billion Days sale later this…
Quick commerce turning to reset lane as profit push tempers growth metrics
After several quarters of breakneck expansion, quick commerce majors Blinkit and Instamart are expected to report moderation in growth in the January-March quarter, as they…
Zepto trims cash burn before IPO, pitches profitability by FY29 to investors amid growing competition
Quick commerce firm Zepto has begun engaging institutional investors ahead of its planned June–July public listing, as it steps up pre-IPO roadshows, people familiar with…