Delivery partners and the new Kunal Kamra unions
2 months, 3 weeks ago

Delivery partners and the new Kunal Kamra unions

New Indian Express  

The government has also contributed to the chaos. More recently, quick commerce companies, backed by huge investments, have found a new niche – impulse buying by consumers; and ability to deliver in 8 to 20 minutes round the clock. Though still small, the gross merchandise value of quick commerce, mainly from groceries, increased from Rs 50 crore in FY2022 to Rs 330 crore in FY2024 – a 280 percent expansion. The apex body of traders, the Confederation of All India Traders, has in fact launched a campaign against quick commerce companies, alleging that they had raised Rs 56,000 crore through foreign investments and were driving more than 30 million mom-and-pop retail outlets to the ground in violation of the government’s FDI policies and the Competition Act. In a recent letter to Union Commerce minister Piyush Goyal, CAIT National President B C Bhartia accused quick commerce platforms of misusing FDI funds to create an ecosystem of control over suppliers, dominate inventory, and arbitrarily determine product prices.

Commerce Act Kunal Kamra  kunal  commerce  crore  ecommerce  act  partners  rs  violation  unions  value  fdi  quick  delivery  kamra  retail

History of this topic

What is behind the rise of quick commerce? | Explained
2 weeks, 2 days ago

What is behind the rise of quick commerce? | Explained

The Hindu  

The story so far: Quick commerce’s initial utility was presented to under-lockdown customers during the COVID-19 pandemic. According to a survey by consultancy firm NeilsenIQ, 41% of urban consumers prefer modern trade, general trade 25%, e-commerce 22% and quick commerce 12%. Further, according to another consultancy firm Deloitte, large FMCG brands reported a two-fold increase in share of quick commerce …

Why India’s FMCG giants are teaming up with upstarts looking to disrupt them—and why it makes sense
1 month ago

Why India’s FMCG giants are teaming up with upstarts looking to disrupt them—and why it makes sense

Live Mint  

Some of India’s most prominent packaged consumer goods companies that spent decades finetuning their distribution and supply chain models are embracing the new bunch of upstarts looking to disrupt their operations. “Compared to last year, Godrej Consumer Products has seen a 2 times increase in quick commerce,” said Krishna Khatwani, head of sales, Godrej Consumer Products. “Quick commerce obviously is …

Quick commerce is rocketing. So, are kiranas on the way out?
2 months, 3 weeks ago

Quick commerce is rocketing. So, are kiranas on the way out?

Live Mint  

New Delhi: In little more than a couple of years, quick commerce has turned into the great hope of India’s startup landscape. As of 2023-24, according to data compiled by the National Sample Survey, there were around 22.8 million ‘unincorporated’ establishments conducting some sort of trade. Quick economics Ultimately, the ‘decline’ of kiranas may have come about from a combination …

Quick commerce in India: Boon or bubble waiting to burst?
Trending News
2 months, 3 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
2 months, 3 weeks 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 …

A quick-commerce correction on the radar for consumer brands
2 months, 3 weeks ago

A quick-commerce correction on the radar for consumer brands

Live Mint  

While direct-to-consumer brands lucked out when quick commerce became a lucrative sales channel in 2024, industry executives say they may reduce their dependence on instant delivery platforms in 2025. India’s D2C brands had a fruitful time in 2024, with the growing popularity of quick commerce and renewed seed funding interest from early-stage venture capital investors. Hindustan Unilever Ltd -backed health …

CCI not to intervene in quick commerce market
3 months, 1 week ago

CCI not to intervene in quick commerce market

Live Mint  

The Competition Commission of India is unlikely to open an investigation of its own accord into allegations of anti-competitive practices by quick commerce companies including Zepto, Instamart and Blinkit, according to two persons privy to the development. Earlier, the All-India Consumer Products Distributors Federation had approached the department for promotion of industry and internal trade raising concerns about quick commerce …

Zepto’s FY24 revenue doubles to ₹4,454 crore in its first year as unicorn
3 months, 1 week 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, 2 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 …

Myntra enters quick-commerce market with M-Now, to deliver goods in 30 minutes
3 months, 3 weeks ago

Myntra enters quick-commerce market with M-Now, to deliver goods in 30 minutes

Hindustan Times  

Myntra today launched “M-Now,” its quick-commerce offering that promises to deliver apparel and other lifestyle accessories within 30 minutes. Myntra doesn't want to be left behind in the transition, with the country’s largest fashion e-commerce brand saying that its M-Now service will offer customers access to 10,000 styles across fashion, beauty and lifestyle categories from popular brands like Vero Moda, …

Catching fast: Quick commerce is here to stay
3 months, 3 weeks 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
3 months, 3 weeks 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 …

FMCG Distributors Call For Intervention, Point Out Deep Discounting, Predatory Pricing Policies From Quick Commerce Players
4 months ago

FMCG Distributors Call For Intervention, Point Out Deep Discounting, Predatory Pricing Policies From Quick Commerce Players

ABP News  

The All India Consumer Products Distributors Federation sent a letter to the finance ministry and pointed out concerns regarding fund utilisation and accumulation by companies in the quick commerce sector. The fast-moving consumer goods distributors’ association highlighted the issue of deep discounting of goods on the platforms of quick commerce firms to the officials. The federation called for authorities to …

Quick commerce doesn't hurt kirana stores, creates more jobs than Indian Railways, Zepto founder Aadit Palicha says
4 months ago

Quick commerce doesn't hurt kirana stores, creates more jobs than Indian Railways, Zepto founder Aadit Palicha says

Hindustan Times  

Zepto co-founder Aadit Palicha said quick commerce doesn't hurt traditional kirana stores and that it is a net job creator as well. Zepto delivery partners waiting for delivery orders in Mumbai on June 10, 2023 Palicha dismissed the whole idea of kirana stores being affected by the rise of quick commerce firms like Zepto, Blinkit, Instamart, and BigBasket, calling it …

Zepto raises another $350 million in third fundraise in six months
4 months ago

Zepto raises another $350 million in third fundraise in six months

Live Mint  

Bengaluru: Quick commerce company Zepto has secured another $350 million in a funding round led by Motilal Oswal’s private wealth division, making it the firm’s third capital raise in six months. This comes just three months after the Aadit Palicha-led company raised follow-on financing of $340 million led by US-based venture capital firm General Catalyst, making its valuation shoot up …

Quick-Commerce’s Predatory Pricing Affecting Kirana Stores: CAIT
4 months, 1 week ago

Quick-Commerce’s Predatory Pricing Affecting Kirana Stores: CAIT

Deccan Chronicle  

Chennai: The fast-growing quick-commerce players have raised over Rs 54,000 crore as FDI and they are using a major share of the money to offer discounts and predatory pricing, which in turn is affecting the business of Kirana shops, alleges an industry body. This predatory pricing pulls customers away from Kirana shops, crippling their ability to compete,” a white paper …

Quick commerce hottest category: Swiggy co-founder
4 months, 3 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 …

Swiggy's Rapid Expansion into Quick Commerce: A Bold Venture into the Future of Retail
4 months, 3 weeks ago

Swiggy's Rapid Expansion into Quick Commerce: A Bold Venture into the Future of Retail

Live Mint  

Swiggy's co-founder and CEO Sriharsha Majety has stated that customer experience, and not capital, will ultimately drive the fortunes of quick commerce platforms. He highlighted the company's recent investments in food and medicine delivery services, as well as its expansion into new categories such as Bolt and PharmEasy.

Despair in kiranas as quick commerce roars ahead
6 months, 3 weeks ago

Despair in kiranas as quick commerce roars ahead

Live Mint  

“We’re essentially reduced to window shopping or serving our loyal customers," said 45-year-old Vikas Katyal, who runs Katyal General trade store in Delhi's Lajpat Nagar area. On Friday, a national distributors’ association—All India Consumer Products Distributors Federation —wrote to trade and industry minister Piyush Goyal expressing concerns over the popularity of quick commerce. The unchecked expansion of quick commerce platforms …

Quick commerce firms expanding ops beyond groceries, food delivery
10 months, 1 week ago

Quick commerce firms expanding ops beyond groceries, food delivery

New Indian Express  

NEW DELHI: The quick commerce segment is heating up as many firms are now entering quick delivery and looking beyond groceries and food delivery. Earlier this month, Swiggy Instamart started delivering movie merchandise, marking a new category in the quick commerce industry. When players such as Zepto and Blinkit pivoted the quick commerce segment, experts questioned the model, safety of …

Is quick commerce a sustainable business?
2 years, 11 months ago

Is quick commerce a sustainable business?

Live Mint  

BENGALURU : This is absurd! However, one can argue that since quick commerce companies carry a much lower assortment, anywhere between 1,500-2,500 stock keeping units, versus 10 times or more that number for the regular ecommerce companies, their warehouses would be more compact, and could be operated more efficiently. The last mile The last mile delivery cost for quick commerce …

Quick delivery services driving hiring in e-com
3 years, 1 month ago

Quick delivery services driving hiring in e-com

Deccan Chronicle  

Chennai: Quick delivery services are driving jobs in the e-commerce space with the last mile delivery hiring growing by around 70 per cent in the December quarter. "The year seems to be optimistic for last mile delivery services and a healthy kick-start is expected as hiring for the quarter is at 69 per cent, up by 20 per cent from …

Value e-commerce in India to touch $40 billion by 2030: Report
3 years, 7 months ago

Value e-commerce in India to touch $40 billion by 2030: Report

The Hindu  

The value e-commerce market in India is expected to touch $40 billion by 2030, up from $4 billion in 2019, driven by a rapid increase in internet user base and as more people embrace online shopping, a report by Kearney said. He added that while only 4% of this demand is today served by online channels, this will rise to …

India retail: A nearly $900 billion market dominated by mom-and-pop stores
4 years ago

India retail: A nearly $900 billion market dominated by mom-and-pop stores

Business Standard  

ost of India's grocery retail happens at kiranas - small- and mid-sized mom-and-pop outlets which account for 75-78% of the consumer goods market, Ambit Capital estimates India's expanding retail landscape is changing fast, with global and domestic consumer and retail behemoths fighting tooth and nail to woo shoppers, as many choose large, clean supermarkets over crowded local stores and ordering …

India’s e-commerce battle: Flipkart and Amazon compete for record festive sales
4 years, 5 months ago

India’s e-commerce battle: Flipkart and Amazon compete for record festive sales

CNN  

Hong Kong CNN Business — India’s festival shopping season is underway, pitting the country’s biggest online retailers against each other in a battle to grab a larger chunk of the growing, lucrative e-commerce market. “This is the time when consumers are actually in spending mode,” he said, adding that the roughly one-month salesperiod is expected to account for 18% of …

Opinion | Setting the stage for digital, economic leadership – governance is key
4 years, 7 months ago

Opinion | Setting the stage for digital, economic leadership – governance is key

Live Mint  

Turning mission $5 trillion economy by 2024 into a reality requires propelling the economy’s future growth levers and setting the stage for the next revolution. This growth will complement emerging sectors such as ride hailing services, e-commerce marketplaces, online food-delivery services etc., the same way previous growth revolutions gave fillip to industrial age enterprises. By 2021, India’s e-commerce industry is …

India’s retail market to touch $1.1-1.3 trillion by 2025: BCG
5 years, 1 month ago

India’s retail market to touch $1.1-1.3 trillion by 2025: BCG

Live Mint  

India’s retail market is estimated to reach $1.1-1.3 trillion by 2025, from $0.7 trillion in 2019, growing at a compound annual growth rate of 9-11%, driven by socio-demographic and economic factors such as urbanisation, income growth and rise in nuclear families. The future of Indian retail will be determined by factors such as consumer shifts, supply side innovations, data and …

Traders may see 50 pc fall in festive sales, govt should check e-commerce: CAIT NCR
5 years, 5 months ago

Traders may see 50 pc fall in festive sales, govt should check e-commerce: CAIT NCR

India TV News  

Traders in Noida are fearing a decline of up to 50 per cent in sales during the Diwali festive season due to "unethical business" of e-commerce firms, and the government should intervene to check these companies, Sushil Kumar Jain, convener of the Delhi-NCR unit of CAIT said. With only a week left in Diwali, markets across Noida are deserted and …

E-com sales garner Rs 11,500 crore in 3 days
5 years, 5 months ago

E-com sales garner Rs 11,500 crore in 3 days

Deccan Chronicle  

Chennai: E-commerce companies garnered a gross merchandise value of $1.8 billion, or Rs 11,500 crore, in the first three days of the six-day Puja season sales. Online commerce had a strong start of the festive season in the first three days from September 29 to October 1, according to Bengaluru-based RedSeer Consulting. According to the consulting firm, e-commerce is supposed …

E-commerce revolutionised retail sector, will play major role in India growth story: Niti Aayog CEO Amitabh Kant
6 years ago

E-commerce revolutionised retail sector, will play major role in India growth story: Niti Aayog CEO Amitabh Kant

Firstpost  

Kant noted that driven by the growth in India’s retail market, the country’s GDP will also witness an increase and result in more job opportunities New Delhi: E-commerce has revolutionised the retail sector in India and will play a major role in the country’s growth story going forward, Niti Aayog CEO Amitabh Kant said Tuesday. He further noted that driven …

India’s e-commerce curbs could hit online sales by $46 billion by 2022: Study
6 years, 2 months ago

India’s e-commerce curbs could hit online sales by $46 billion by 2022: Study

Live Mint  

New Delhi: India’s new foreign investment restrictions for its e-commerce sector, which includes giants such as Amazon.com Inc and Walmart-owned Flipkart, could reduce online sales by $46 billion by 2022, according to a draft analysis from global consultants PwC seen by Reuters. “After one of the biggest foreign investments by Walmart, the government has again blindsided foreign investors,” said Pratibha …

E-commerce companies could get 20 million shoppers, $3 billion sales during festive season next month: RedSeer
6 years, 6 months ago

E-commerce companies could get 20 million shoppers, $3 billion sales during festive season next month: RedSeer

Firstpost  

The report said that about 13-24 million shoppers had transacted on e-commerce sites during the five-day festive sale last year and 10 million in 2016 around the same time frame New Delhi: About 20 million people are expected to shop on various e-commerce platforms during the festive sale next month, translating into sales of around $3 billion for players like …

Snapdeal’s woes show e-commerce isn’t doing enough
7 years, 11 months ago

Snapdeal’s woes show e-commerce isn’t doing enough

Live Mint  

Every week now, there’s news of one more e-commerce start-up finally accepting it has no future. It isn’t a coincidence that at the same time as pure play e-commerce start-ups are cutting back on costs, laying off people and pulling out of Tier-II and Tier-III cities, the big daddies of brick-and-mortar retail, companies like Reliance Retail and even Walmart India, …

Snapdeal’s woes show e-commerce isn’t doing enough
7 years, 11 months ago

Snapdeal’s woes show e-commerce isn’t doing enough

Live Mint  

Every week now, there’s news of one more e-commerce start-up finally accepting it has no future. It isn’t a coincidence that at the same time as pure play e-commerce start-ups are cutting back on costs, laying off people and pulling out of Tier-II and Tier-III cities, the big daddies of brick-and-mortar retail, companies like Reliance Retail and even Walmart India, …

India's e-tailers need to learn retail in detail to make dollar dreams real
9 years, 5 months ago

India's e-tailers need to learn retail in detail to make dollar dreams real

Firstpost  

If Indian e-commerce players have to address customer stickiness, they will have to view themselves as retailers and focus on product and merchandise development to overcome such supply constraints. For the purpose of brevity, the current article focusses on the 80 percent of the Indian e-commerce market that comprises five major players. Currently, 80 percent of the Indian e-commerce market …

The money is coming in, but there is a sting in the e-tail
9 years, 10 months ago

The money is coming in, but there is a sting in the e-tail

Hindustan Times  

Each time one of India’s biggest Internet-enabled retailers delivers a package to you or to anyone else, it loses Rs 140. These two e-tailers shall remain unnamed but even to start-ups that they think have high growth potential will tell you that nearly every Indian e-tailer is losing money even as they are getting millions of dollars in funding, spending …

India is fastest growing e-commerce market in APAC: Gartner
10 years, 5 months ago

India is fastest growing e-commerce market in APAC: Gartner

India TV News  

New Delhi: India is the fastest growing e-commerce market in the Asia-Pacific region and is expected to touch $6 billion by next year, research firm Gartner said today. However, India is one of the fastest-growing e-commerce markets in Asia/Pacific,” Gartner Research Director Praveen Sengar said in a statement. India represents a $3.5-billion e-commerce market, growing at around 60-70 per cent …

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