Photo: The Economic Times
With 10-minute Delivery Service, Grocery Shopping Improves
With the new age of online shopping, a customer gets a designated time and picker to complete order for basic grocery shopping. This is the new q-commerce sector, which is said to grow up to USD 3.1 billion by 2025 in gross merchandising. As of now which, this section has grown 10 times than ever with more than 1,000 dark stores, being cornered around the country in six months.
Tags: ZOMATO, Delivery Partner, Grocery Delivery, Q-commerce, India
Courtesy: The Indian Express
Photo: Business Today
Mumbai Teens Quits Stanford University To Launch Grocery Start-Up ''Zepto''
The 19-year-olds Adit Palicha and Kaivalya Vohra, who got admission to Stanford University, decided to quit and start their own grocery company "Zepto". Reportedly, the Mumbai-based company raised 60 million dollars as funding from investors like Y Combinator and Glade Brook Capital, to boost its presence in India's fast-growing grocery delivery market. ''The firm is valued between $200-300 million,'' said Palicha, co-founder and CEO.
Tags: Startup India, Startups, Stanford University, Grocery Delivery, Mumbai
Courtesy: NDTV
Photo: Entracker
Zomato Announces To Shut Its Grocery Delivery Service
Food delivery giant Zomato has announced that it's going to stop its grocery delivery service effective from September 17. Reportedly, the company took this decision due to multiple reasons such as poor customers experience, increasing competition, and delays in deliveries. Zomato also couldn't compete with grocery delivery platform Grofers' 10-minute delivery promise. While It's confident that its stake in Grofers will generate better income… read-more
Tags: ZOMATO, Grocery Delivery, Grofers, Loss
Courtesy: Money Control
Photo: Odisha Bytes
Swiggy To Deliver Within 15-30 Min; Expands Service To 5 Major Cities
Swiggy is expanding its grocery delivery empire, Instamart, across Delhi, Mumbai, Hyderabad, Chennai, and Noida, with a promise to deliver in 15-30 minutes. It is the first crucial expansion after Instamart opened in Bengaluru and Gurugram, in efforts to amplify their fast-growing commerce fraction. The company with a funding round of $1.25 billion foresees major growth in 10-15 years by expanding its business to urban cities.
Tags: Instamart, Swiggy, Grocery Delivery, Commerce
Courtesy: Money Control
Photo: Indifi
Swiggy Stops Delivery of Grocery And Essentials In About 100 Cities
Online food delivery app Swiggy has shut its groceries, fruits, vegetables and other vital delivery facilities from about 100 cities, on its mobile application. The service rolled out during the COVID lockdown was curtailed after the restrictions were withdrawn. While it de-listed the stores from its app, it will continue its dark stores operation under Insta-mart brand. However people can still order groceries and other items through the… read-more
Tags: Swiggy, Grocery Delivery, Lockdown, Swiggy Genie, Food Delivery
Courtesy: Entrackr
