Tag: quick commerce

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Shadowfax Technologies: Shadowfax Technologies swings to profit in FY24 with adjusted PAT at Rs 2 crore

Third-party logistics provider Shadowfax Technologies on Tuesday said it has recorded an adjusted profit after tax (PAT) of Rs 2 crore in FY24,...

META: Social media drives online shopping trend in India’s tier-II, tier-III markets: Meta study

Nearly seven in ten online shoppers in India's tier-II and III markets are using social media to find new products, with nearly 60%...

quick commerce: Ecommerce in competition with quick commerce

The ecommerce sector in the country is getting increasingly competitive as firms strive to reduce delivery time to same-day or even two-four hours...

FMCG companies quick to profit from rising star of ecommerce

KOLKATA|MUMBAI: Consumer goods companies are earning higher profits from quick commerce than other channels such as kiranas, grocery retail chains or regular ecommerce,...

quick commerce: Salaries for quick commerce delivery execs higher than food delivery: report

Delivery executives earn higher incomes through quick commerce compared to food delivery, said a new report, reflecting the rapid growth of the quick...

Myntra: Myntra pilots foray into quick commerce with ‘M-Now’ in select locations of Bengaluru

Flipkart-backed lifestyle ecommerce platform Myntra is piloting a quick delivery service that guarantees delivery within two hours in select areas of Bengaluru. The...

Zomato QIP: Zomato shareholders approve Rs 8,500 crore QIP plan as quick commerce competition heats up

Shareholders of food and grocery delivery firm Zomato have cleared its plan to raise Rs 8,500 crore via a qualified institutional placement, the...

‘Online platforms changing buying pattern among urban consumers’

NEW DELHI: Online platforms have changed the buying patterns of consumers who, especially in the metro cities, have shifted "from top-up to stock-up...

Zomato market share: Zomato leads food delivery with 58% market share in Q1, Blinkit tops quick commerce

Deepinder Goyal-led Zomato is leading India's food delivery space with a market share of 58% in the first quarter of FY25, according to...

Quick commerce taps identity verification companies to curb frauds amid ramp-up

Quick commerce players are increasingly engaging with identity verification firms such as IDfy, Bureau and Equal to conduct background checks on delivery personnel,...

quick commerce: Quick commerce denting kirana sales, not affecting large ecommerce as much: Delhivery CEO

Quick commerce is disrupting traditional kiranas, or neighbourhood stores, more than large ecommerce platforms, said Sahil Barua, chief executive officer of new-age logistics...

quick commerce: Quick commerce is eating into kirana sales, says report

More than $1 billion of kirana sales are expected to move to quick commerce in 2024, according to ecommerce consultancy Datum Intelligence. This...