Tag: quick commerce
Swiggy: Swiggy steps up quick commerce investment to Rs 1,179 crore, eyes 741 dark stores
Food delivery platform Swiggy is increasing its investment in its quick-commerce business, Swiggy Instamart to Rs 1,179 crore, up 20% from Rs 982 crore mentioned…
Dhanteras: Quick commerce firms vie to cash in on Dhanteras
Zomato-owned Blinkit on Tuesday saw a surge in sales of gold and silver coins along with other items associated with Dhanteras celebrations. Similar to last…
ElasticRun: B2B ecommerce firm ElasticRun narrows losses by 42% in FY24; revenue drops 49%
Business-to-business (B2B) ecommerce platform ElasticRun reduced its net losses by 42% to Rs 359.6 crore for the financial year ended March 2024, down from Rs…
Atomberg: Atomberg’s revenue rises 31% to Rs 848 crore
Consumer appliances maker Atomberg Technologies reported a 31.4% increase in operational revenue to Rs 848 crore for 2023-24 from Rs 645 crore in the previous…
Blinkit: Blinkit now the largest player in major metros except Chennai, Hyderabad: Zomato CFO
Akshant Goyal, chief financial officer (CFO) of Zomato, said Blinkit has become the largest player in quick commerce across major metropolitan cities, except for Chennai…
Blinkit: Blinkit unit economics hit in July-September on back of investment ramp up
Zomato-owned quick commerce platform Blinkit saw its margins deteriorating sequentially during the July-September quarter as the company invested heavily on infrastructure expansion. Blinkit reported adjusted…
Aadit Palicha: Passion over profit drives Zepto’s $5-billion success: founder Aadit Palicha
A passion for building a transformative company, rather than a mere pursuit of wealth, is what drove the success for Zepto– the company with a…
Shadowfax: Logistics firm Shadowfax eyes $50 million, doubling value to $700 million
Flipkart-backed hyperlocal logistics startup Shadowfax is in advanced stages of closing a funding round of Rs 350-400 crore ($45-50 million) that is likely to double…
Not concerned about new competitors entering quick commerce space: Albinder Dhindsa of Blinkit
Albinder Dhindsa, chief executive of quick commerce platform Blinkit, on Thursday said that the company isn’t concerned about new competitors entering the market. “We are…
Zepto: Zepto in talks with Indian family offices like Motilal Oswal to shore up another $100-150 million
Quick commerce firm Zepto has held discussions to raise another $100-150 million from a group of domestic family offices and high-net-worth individuals (HNIs) at a…