Quick Commerce News - Latest Updates & Headlines
Swiggy's profitability under pressure despite strong market position: Jefferies
Mumbai, March 12: Food delivery platform Swiggy continues to face profitability challenges despite its strong market presence, according to a Jefferies report on Wednesday.
Quick Commerce accounts now for 70-75 pc of total e-grocery orders, up from 35 pc in 2022: Report
New Delhi, March 12: Quick commerce is rapidly transforming the online grocery market, now accounting for 70 per cent -75 per cent of total e-grocery orders, according to a recent report by Bain & Company.
Unilever CEO bullish on India's growth, bets big on quick commerce
New Delhi, March 10: FMCG major Unilever's newly-appointed CEO, Fernando Fernandez, has expressed strong confidence in India’s growth potential and evolving consumer preferences.
Brick-mortar stores remain relevant in tier 2, 3 cities despite aggressive quick commerce penetration: PwC report
New Delhi, March 9: Despite the aggressive expansion of quick commerce businesses in India, given that people are increasingly opting to shop through the emerging online platforms, brick-and-mortar retail remains a robust channel in the tier 2 and tier 2 cities, as per a report by global consulting firm PwC.
FMCG distributors file complaint against quick commerce platforms over discounts
New Delhi, March 7: A body representing FMCG distributors on Friday filed a petition with the Competition Commission of India (CCI), accusing quick commerce platforms Blinkit, Swiggy, and Zepto of allegedly engaging in anti-competitive practices.
Quick commerce sector to benefit most from tax rebates as higher disposable income kicks in from May 2025: ICICI report
New Delhi, March 6: The quick commerce sector will be a key beneficiary of the income tax cut announced in the Union Budget 2025, as it will trigger strong consumption growth among middle-class consumers, an ICICI Securities report anticipated.
India's Quick Commerce to grow 75-100 pc YoY, will outpace traditional retail: Bernstein Report
New Delhi, February 22: The Quick commerce in India is set to grow at an impressive rate of 75-100 per cent year-on-year, significantly outpacing traditional retail, which is expected to grow at a much lower rate, says a report by Bernstein
Zomato to trade as 'Eternal' on stock exchanges, brand name remains the same
New Delhi, Feb 6: Food-tech giant Zomato on Thursday officially changed the company's name to Eternal, following an approval from its board.
Zomato's share hits 6-month low amid Blinkit's expansion plans
Mumbai, Jan 21: Zomato's share price dropped to its lowest point on Tuesday in nearly six months, following weak Q3 FY25 earnings.
Quick-commerce to remain hot sector for VC investments in India this year
New Delhi, Jan 21: Global VC investment rose from $349.4 billion across 43,320 deals in 2023 to $368.3 billion across 35,684 deals in 2024, as quick-commerce remained a hot sector of investments in India in the fourth quarter last year and will continue in 2025, according to a report on Tuesday.
Now get all your pooja needs, daily essentials in 10 minutes at Mahakumbh 2025
New Delhi, Jan 17: Quick commerce platform Blinkit on Friday announced a temporary store at the grand Mahakumbh mela in Prayagraj that will provide all pooja needs and daily essentials in 10 minutes.
NRAI slams Zomato and Swiggy over private label food delivery via Q-com apps
Mumbai, Jan 9: The National Restaurant Association of India (NRAI) on Thursday strongly opposed the recent foray of food delivery platforms Zomato and Swiggy into private-label food delivery via their quick commerce (Q-com) apps.
Indian quick commerce industry to reach $50 billion in GOV by FY30
New Delhi, Jan 7: The Indian quick commerce industry is estimated to reach $50 billion in gross order value (GOV) by FY30, which implies 60 million customers ordering eight times per month, according to an HSBC Research report on Tuesday.
Jefferies cuts Zomato stock to 'hold' as quick commerce competition heats up
New Delhi, Jan 7: Global brokerage firm Jefferies has downgraded Zomato's shares to 'hold' as it revised the target lower, citing increasing competition as a threat to the online food aggregator’s profitability.
Quick commerce to expand into new categories and cities in 2025; smaller cities embrace the model: Bernstein Report
New Delhi, January 7: India's quick commerce sector is expected to expand beyond groceries into new categories and cities in 2025 as Tier-2 and smaller cities embrace this model, says a report by Bernstein.
Multiple players can co-exist in Quick Commerce India's retail market: Report
New Delhi, January 6: India's Quick Commerce retail market is on a remarkable growth trajectory. A report by Anand Rathi suggests that multiple player can co-exist in India's Quick Commerce retail market.
Blinkit adds quick ambulance service to its kitty
New Delhi, January 2: After daily essentials, beauty and cosmetics, pet care products, baby care products, food items, among others, Blinkit has added one more service to its kitty, and it is for a social cause - ambulances at patient's doorstep in about 10 minutes.
In 2025, quick commerce will start hitting scale, become comparable to e-commerce: Zepto CEO
New Delhi, January 1: Aadit Palicha, co-founder and CEO of Zepto has three predictions as we welcome a New Year.