Tag: quick commerce

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Ecommerce sales: Festive sales end with a bang, after Rs 1 lakh crore of clicks

Ecommerce platforms recorded total sales of nearly Rs 1 lakh crore (about $11.9 billion) during the month-long festive season that ended last week,...

Swiggy IPO: Swiggy IPO anchor book oversubscribed 25x; bids worth over $15 billion received from global and domestic investors

Swiggy's Rs 11,300 crore IPO is off to a promising start, with the food and grocery delivery giant’s anchor book seeing substantial interest...

Amazon India: Amazon India units post moderate growth, cut losses in FY24

Amazon India’s logistics and payments arms reported 7-9% growth in operating revenue and moderately lower losses for the fiscal year ended March 2024,...

quick commerce: Quick commerce platforms see surge in Diwali gift orders

Quick commerce platforms are seeing a surge in Diwali gift orders as they seek to increase their market share during the festive season....

Flipkart: Flipkart marketplace arm revenue grows 21% to Rs 17,907 crore, cuts loss by 41% in FY24

Flipkart Internet, the marketplace arm of Flipkart, reported revenue of Rs 17,907.3 crore in FY24, reflecting nearly 21% growth, according to regulatory filings...

quick commerce: Tatas to enter red-hot quick commerce space with ‘Neu Flash’

After Flipkart and Reliance Industries (RIL), Tatas are the latest ecommerce incumbents to join the ultra-fast delivery bandwagon as customer demand continues to...

nykaa: Quick commerce is taking demand from neighbourhood stores: Nykaa’s Falguni Nayar

Falguni Nayar, founder and chief executive of beauty and fashion retailer Nykaa, said quick commerce has impacted offline channels such as general and...

Blinkit: Blinkit unveils EMI option for items above Rs 2,999

Blinkit, the quick-commerce arm of food delivery major Zomato, has introduced an option to purchase items on equated monthly instalments (EMI).“EMI options will...

Blinkit: Blinkit rolls out Seller Hub for easier onboarding of brands, sellers

Zomato-owned quick commerce platform Blinkit on Wednesday launched its seller programme called Seller Hub on the lines of ecommerce giant Amazon's FBA (fulfilled...

antitrust probe: Retail group seeks antitrust probe of quick commerce companies Swiggy, Blinkit, Zepto

India's biggest group of retail distributors has asked the antitrust authority to investigate three quick commerce companies - Zomato's Blinkit, Swiggy and Zepto...

Licious: Licious narrows FY24 net loss by 44%, revenue down 8% to Rs 685 crore

Meat and seafood home-delivery service Licious' parent company, Delightful Gourmet, said its losses narrowed 44% on year to Rs 294 crore in FY24,...

BigBasket: BigBasket’s B2B arm reports 6% increase in consolidated operating revenue for FY24

Supermarket Grocery Supplies, the business-to-business arm of Tata-owned BigBasket, has reported a 6% increase in its consolidated operating revenue for FY24 at Rs...