Amazon's quick commerce service code named Tez to challenge Blinkit, Zepto
4 months, 1 week ago

Amazon's quick commerce service code named Tez to challenge Blinkit, Zepto

India Today  

Amazon India is planning to launch its quick commerce service, reportedly code-named Tez, as early as late December or early next year, reported news agency Reuters. According to sources cited in the report, this move will mark Amazon's entry into the fast-growing quick commerce space in India, where competitors like Blinkit, Zepto, and Swiggy Instamart currently dominate. Flipkart, Amazon’s main rival in India, launched its Minutes quick commerce service earlier this year and has already expanded it to major cities. POTENTIAL OF QUICK COMMERCE IN INDIA According to a Morgan Stanley report, the quick commerce market could reach a size of $25 billion to $55 billion by 2030, depending on growth conditions.

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History of this topic

Undeterred by 57% profit decline, Zomato to accelerate Blinkit expansion
2 months, 1 week ago

Undeterred by 57% profit decline, Zomato to accelerate Blinkit expansion

Live Mint  

Zomato Ltd will continue to floor the accelerator on its Blinkit expansion, burning cash to reach 2,000 dark stores a year ahead of target even as the quick-commerce business plunged its third-quarter profit. The higher capex is also the key reason behind the quarterly increase in depreciation,” said Albinder Dhindsa, chief executive of Blinkit, adding that the quick-commerce business will …

Flipkart hires Dunzo co-founder Kabeer Biswas to head quick commerce division Minutes
2 months, 3 weeks ago

Flipkart hires Dunzo co-founder Kabeer Biswas to head quick commerce division Minutes

The Hindu  

Kabeer Biswas, co-founder of Dunzo, has reportedly joined Flipkart and will be leading the e-commerce company’s quick commerce segment, Minutes. Hyperlocal delivery platform Dunzo has been facing operational and financial difficulties for some time now leading to Biswas leaving the company. Flipkart’s move into the quick commerce business is a timely one as the segment is heated with players like …

Quick commerce in India: Boon or bubble waiting to burst?
Trending News
2 months, 4 weeks ago

Quick commerce in India: Boon or bubble waiting to burst?

Live Mint  

Quick commerce has rapidly emerged as a fast-growing segment and a game-changer in India’s retail industry, merging the convenience of e-commerce with ultra-fast deliveries. Key players and market dynamics India’s q-commerce sector is dominated by Blinkit, Zepto, and Swiggy’s Instamart. According to news reports, q-commerce platforms have diverted approximately $1.28 billion in sales from these stores, representing 21% of the …

Quick Commerce will rival e-commerce majors Amazon, Flipkart in 2025: Zepto CEO
3 months ago

Quick Commerce will rival e-commerce majors Amazon, Flipkart in 2025: Zepto CEO

Live Mint  

New Delhi, Jan 1 The quick commerce industry will reach a stage in 2025 where it will be comparable to traditional e-commerce giants like Amazon and Flipkart, Zepto co-founder and CEO Aadit Palicha has asserted. In a LinkedIn post on New Year's Eve, he said Zepto last year announced that 2024 will be the year people realise that quick commerce …

Zepto’s FY24 revenue doubles to ₹4,454 crore in its first year as unicorn
3 months, 2 weeks ago

Zepto’s FY24 revenue doubles to ₹4,454 crore in its first year as unicorn

Live Mint  

Quick grocery delivery startup Zepto saw its operating revenue more than double year-on-year to ₹4,454 crore in the financial year ended March 2024—its first year as a unicorn—highlighting the intensifying competition in the quick commerce space. The Bengaluru-based firm’s loss for the period remained flat at ₹1,248 crore, against ₹ 1,272 crore in the year-ago period, weighed by a nearly …

Amazon joins India's quick commerce race with trials for 15-minute grocery delivery
3 months, 3 weeks ago

Amazon joins India's quick commerce race with trials for 15-minute grocery delivery

The Hindu  

Amazon will begin trials for quick commerce operations in India that would see the U.S. e-commerce giant deliver grocery items in 15 minutes or less, it said on Tuesday. Quick commerce is catching up in India, with companies like Zomato's Blinkit and SoftBank-backed Swiggy's Instamart promising deliveries of goods from groceries to electronics as quickly as 10 minutes, challenging e-commerce …

Amazon set to enter quick commerce with pilot in Bengaluru
3 months, 3 weeks ago

Amazon set to enter quick commerce with pilot in Bengaluru

New Indian Express  

NEW DELHI: Amazon is set to enter the quick commerce space with its 15-min delivery service ready to begin from this month on a pilot basis. Samir Kumar, country manager, Amazon India, told the media here on Tuesday that while Amazon focuses on implementing the strategy to offer the largest selection at fastest speeds and greatest value to customers in …

Amazon is launching 15-min deliveries soon, will also help create 20 lakh jobs in India by 2025
Trending News
3 months, 3 weeks ago

Amazon is launching 15-min deliveries soon, will also help create 20 lakh jobs in India by 2025

India Today  

Better late than never. Amazon India on Tuesday confirmed that it will soon — actually this month itself — launch a quick commerce platform and deliver essential goods in 15 minutes. Talking to journalists on the sidelines of Smbhav Summit in New Delhi, Amazon India Country Manager Samir Kumar said that the company is testing a project — internally called …

Catching fast: Quick commerce is here to stay
4 months ago

Catching fast: Quick commerce is here to stay

New Indian Express  

BENGALURU: A few years ago, when the concept of quick commerce, a business model where goods are delivered within 10 minutes to 1 hour, started gaining traction, venture capitalists and even a few start-up founders raised questions on the model and wondered whether it is scalable, and do customers really require 10 minutes delivery. Now, Amazon India mulls foraying into …

'Slow' ain't steady in retail anymore: How kiranas are fast losing out to Q-comm
4 months ago

'Slow' ain't steady in retail anymore: How kiranas are fast losing out to Q-comm

India Today  

Quick commerce platforms, including top players like Blinkit, Zepto and Swiggy Instamart, hold just 1 per cent of the overall $570 billion Indian grocery market, but are posing a significant threat to the traditional kirana retail, which controls over 90 per cent market share, due to their attractive selling proposition of delivering goods within 10-20 minutes. The report ‘State of …

Amazon Rushes To Capture India’s Rapidly Growing Quick Commerce Industry With 'Tez': Report
4 months, 1 week ago

Amazon Rushes To Capture India’s Rapidly Growing Quick Commerce Industry With 'Tez': Report

ABP News  

Amazon India is working to launch its quick commerce delivery service, codenamed Tez, by late December or early next year. Notably, driven by Blinkit, Zepto, and Swiggy Instamart, the quick commerce segment in the country has seen gross sales of nearly $5.5-6 billion this months. Currently, Amazon is the only large ecommerce player which doesn’t have a presence in the …

Quick commerce hottest category: Swiggy co-founder
4 months, 4 weeks ago

Quick commerce hottest category: Swiggy co-founder

New Indian Express  

BENGALURU: Quick commerce is the hottest category with its fast growth, large TAM, as the category can be $30-$50 billion in four years, supported by strong CAGR, said Swiggy co-founder and group CEO Sriharsha Majety. “Consumer preferences, needs and wants, everything is getting developed and emerging as we go into the next phase of quick commerce,” he said. Launched in …

Quick Battle: Flipkart Rivals BlinkIt And Zepto With 10-Minute Delivery Of Grocery And Smartphones
7 months, 3 weeks ago

Quick Battle: Flipkart Rivals BlinkIt And Zepto With 10-Minute Delivery Of Grocery And Smartphones

News 18  

The quick commerce battle in India is getting a big player in the form of Flipkart which is ready to compete with Swiggy’s Instamart, BlinkIt and Zepto in the market. Reports this week claim that Flipkart Minutes is being piloted in select parts of Bengaluru, its home region, before it gets a wider roll out in the coming months. However, …

Quick Commerce Boom! Zepto, Swiggy, Instamart, and Blinkit Redefine Retail Trends | Paisa Live
8 months, 1 week ago

Quick Commerce Boom! Zepto, Swiggy, Instamart, and Blinkit Redefine Retail Trends | Paisa Live

ABP News  

With the rapid increase in internet usage, the Quick Commerce sector has witnessed substantial growth, significantly altering consumer buying behavior. Apps such as Zepto, Swiggy, Instamart, and Blinkit have become integral to this shift, providing swift access to everyday necessities and reshaping how Indians shop. These quick commerce platforms have led to a notable change in purchasing patterns, with consumers …

India's online shopping market: Which is better? Flipkart, Amazon or Meesho
1 year, 2 months ago

India's online shopping market: Which is better? Flipkart, Amazon or Meesho

Hindustan Times  

Walmart-owned Flipkart is leading India's e-commerce segment with 48% market share, AllianceBernstein said in a new report. Softbank-backed Meesho has emerged as the fastest growing ecommerce platform in terms of users in India while Flipkart's users grew 21% year-on-year. The e-tailer is growing faster than the industry in the country, the report said, adding, “As of FY23, Flipkart was the …

Zomato to acquire Blinkit for ₹4,447 crore in all-stock deal
2 years, 9 months ago

Zomato to acquire Blinkit for ₹4,447 crore in all-stock deal

Live Mint  

Food delivery platform Zomato has agreed to acquire instant grocery startup Blinkit for ₹4,447 crore in an all-stock deal, as it seeks to exploit a fast-growing market for quick grocery delivery. Japan’s SoftBank, the biggest shareholder in Blinkit with a 46% stake, will get around 3.2% stake in Zomato as part of the transaction, as per VCCircle estimates. Other investors …

Walmart's Flipkart to Offer 90-minute Delivery of Groceries and Home Accessories in India
4 years, 8 months ago

Walmart's Flipkart to Offer 90-minute Delivery of Groceries and Home Accessories in India

News 18  

India's Flipkart said on Tuesday it plans to offer 90-minute deliveries for groceries and home accessories, as the Walmart-owned online retailer goes head to head with Amazon.com Inc in a key growth market for e-commerce. Flipkart said its hyperlocal service, dubbed Flipkart Quick, will also sell mobile phones and stationery items, taking it a step further than Amazon's quick-delivery service …

Amazon invests ₹4,473 cr in its Indian subsidiaries
5 years, 5 months ago

Amazon invests ₹4,473 cr in its Indian subsidiaries

Live Mint  

Global e-commerce giant Amazon Inc. has infused $631 million into its Indian subsidiaries, including Amazon Seller Services, Amazon Pay and Amazon Retail, show filings with the Registrar of Companies. The e-commerce giant has invested ₹3,400 crore in Amazon Seller Services, its online marketplace arm, ₹900 crore in its payments platform Amazon Pay, and ₹172.50 crore in Amazon Retail India. Amazon …

Flipkart and Amazon spur Indian smartphone bonanza
6 years, 5 months ago

Flipkart and Amazon spur Indian smartphone bonanza

CNN  

New Delhi CNN Business — The battle for India’s online shoppers has triggereda smartphone gold rush. Flipkart and Amazon are leading an online sales bonanza that will see Indians buy smartphones worth over $1 billion in just five days, according to tech consultancy Counterpoint Research. Bangalore-based Flipkart said it sold 1 million devices during the first hour of an online …

Flipkart, Amazon clock USD 1.5 billion worth of festive sale in 2.5 days
6 years, 5 months ago

Flipkart, Amazon clock USD 1.5 billion worth of festive sale in 2.5 days

India TV News  

E-commerce companies in the country are estimated to have clocked sales worth USD 1.5 billion in less than three days of festive sale with both Flipkart and Amazon India claiming to be leading the tally. According to RedSeer Consulting, e-commerce companies in India have achieved USD 1.5 billion in the first 2.5 days of the festive sale -- led by …

How Paytm Plans to Take on Cash-Rich Amazon & Flipkart by 2020
6 years, 11 months ago

How Paytm Plans to Take on Cash-Rich Amazon & Flipkart by 2020

The Quint  

Online retailer Paytm Mall plans to spend more than $1 billion in two years to strengthen its technology backbone and add more sellers as it takes on cash-rich Amazon.com and Flipkart Ltd. “With the kind of retail market we are addressing, which is expected to be worth $1.1 trillion by 2020, we would be much larger than any other player,” …

Amazon may counter Walmart's bid for Flipkart; race to dominate Indian e-commerce market intensifies
6 years, 11 months ago

Amazon may counter Walmart's bid for Flipkart; race to dominate Indian e-commerce market intensifies

Firstpost  

Amazon.com Inc may make a rival offer to buy Indian e-commerce firm Flipkart, which is in tie-up talks with Walmart Inc Amazon.com Inc may make a rival offer to buy Indian e-commerce firm Flipkart, which is in tie-up talks with Walmart Inc, media reported, as the two US retail giants jostle for dominance in India’s booming online industry. Amazon held …

Flipkart to start selling FMCG products from July to take on Amazon and DMart
7 years, 10 months ago

Flipkart to start selling FMCG products from July to take on Amazon and DMart

Firstpost  

Following in the footsteps of Amazon and DMart, Flipkart is going to start selling FMCG products on its ecommerce platform from July, according to a report in the Economic Times. FMCG is one of the top selling categories on Amazon, and Flipkart also stands to benefit from jumping into the fray. Flipkart hopes to convert occasional shoppers into regular customers …

Amazon Great India Sale kicks off, from smart phone to kitchen appliances offered at deep discounts
7 years, 10 months ago

Amazon Great India Sale kicks off, from smart phone to kitchen appliances offered at deep discounts

Firstpost  

Months ahead of the festival season, the online shopping festival is already here. E-commerce major Amazon has kicked off it’s Great India Sale 2017, wooing customers with deals and big discount. Meanwhile, rival Flipkart will also hold its ‘Big 10’ sale between 14 and 18 May. Flipkart’s ‘Big 10’ sale is different from its flagship ‘The Big Billion Days’ sale …

Flipkart raises $1.4 billion from eBay, Microsoft, Tencent, acquires eBay India
7 years, 11 months ago

Flipkart raises $1.4 billion from eBay, Microsoft, Tencent, acquires eBay India

Live Mint  

Bengaluru: India’s largest online retailer Flipkart has closed a mammoth funding round of $1.4 billion from Tencent Holdings Ltd, eBay Inc. and Microsoft Corp., in the biggest-ever start-up funding round that both boosts Flipkart ability to compete with arch-rival Amazon India and takes the company a step closer to presenting itself as the only option to the US firm’s Indian …

Amazon India closing in on Flipkart as gross sales volume in Jan-Mar zooms 85% on year
7 years, 11 months ago

Amazon India closing in on Flipkart as gross sales volume in Jan-Mar zooms 85% on year

Firstpost  

US-based etailer’s gross sales in terms of value jumped around 65-70 percent during the quarter, even as the overall online market sales expanded 15-20 percent Amazon, the Indian subsidiary of the US-based online marketplace company, continues to put up a spectacular show in the country’s fast-growing ecommerce space even as home-grown rivals Flipkart and the struggling etailer Snapdeal face pressure …

Amazon pumps in Rs 2,010 cr in Indian arm to take on rival Flipkart: Report
8 years, 3 months ago

Amazon pumps in Rs 2,010 cr in Indian arm to take on rival Flipkart: Report

India TV News  

In a move that will acts as a big shot in the arm for US-based e-tailer Amazon’s India operations in the ongoing battle of e-commerce giants, the Jeff Bezos-owned company has invested Rs 2,010 crore into its Indian operations, by far the single largest investment made by the etailer. According to an Economic Times report, this is by far the …

As Walmart talks to Flipkart, Amazon may invest $2 bn more in India
8 years, 6 months ago

As Walmart talks to Flipkart, Amazon may invest $2 bn more in India

Firstpost  

The war between the two US online and offline retail giants - Amazon and Walmart - is getting bigger and bigger by each passing day. Amazon, the Jeff Bezos-controlled US online retail giant, has said it will invest another $2 billion in its Indian arm as competition intensifies in the country’s e-commerce sector, a BusinessLine report said. This comes a …

Amazon outsells Flipkart for second straight month
8 years, 6 months ago

Amazon outsells Flipkart for second straight month

Live Mint  

Amazon India sold more than local rival Flipkart for the second consecutive month in August, setting the stage for the festive season, the outcome of which could well determine the future of Indian e-commerce firms. In July, Amazon India overtook Flipkart in terms of gross sales for the first time since it launched in June 2013, Mint reported on 23 …

Flipkart brought online shopping to India. Then Amazon showed up with deep pockets
8 years, 8 months ago

Flipkart brought online shopping to India. Then Amazon showed up with deep pockets

Live Mint  

Bengaluru: India isn’t an easy place to build an e-commerce company. Since its founding eight years ago, Flipkart has become the nation’s most valuable startup and introduced online shopping to the Indian masses. “The battle in Indian e-commerce has always been Flipkart’s to lose,” says Punit Soni, a former Google executive who quit in April as Flipkart’s chief product officer, …

Tata Group to enter e-commerce space with websites selling apparel and electronics
8 years, 10 months ago

Tata Group to enter e-commerce space with websites selling apparel and electronics

Firstpost  

India’s biggest conglomerate Tata Group launched an e-commerce venture on Friday, as it seeks to cash in on rising purchasing power in a market dominated by deep-pocketed international retailers and startups backed by global tech investors. The group said it developed its Tata Cliq website over a year-and-a-half at a cost of “several hundred million dollars” to be a marketplace …

Amazon pips Snapdeal in shipments, is India's second largest online marketplace after Flipkart
8 years, 11 months ago

Amazon pips Snapdeal in shipments, is India's second largest online marketplace after Flipkart

India TV News  

New Delhi: Amazon, the e-commerce giant, overtook Snapdeal in terms of shipments recorded last month by online marketplace firms, market estimates have revealed, further suggesting that Amazon has emerged as the only major player in the segment to increase its share from where it stood a year ago. As per the estimates, Amazon India's unit market share surged to an …

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