The catchment, which was not so long ago estimated at about 25-30 million households spending nearly ₹4,000-5,000 a month, has now been expanded to about twice that number with the spend doubling. Even tier-2 cities now can get the service, albeit for a smaller assortment.
Getting everything delivered at one's doorstep at lightning speed is so compelling that even e-commerce leaders like Flipkart, which took their time foraying into the space, have now done so. Apprehensive that q-comm players like Zepto and Blinkit will eat into their shares, fashion platforms like Myntra and Nykaa have also joined the fray.
There's pressure now on the entire ecosystem to shorten delivery timelines, not just for food but for other products too. Should Amazon India, which is reportedly looking to launch a q-comm service, Amazon Tez, resort to heavy discounting and promotions, it would prompt others to follow. But, given how venture capital continues to back q-comm, the competitive intensity is expected to stay elevated. Zepto, for instance, was able to get $1.3 billion from investors in no time at all.
Denne historien er fra December 26, 2024-utgaven av Financial Express Hyderabad.
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Denne historien er fra December 26, 2024-utgaven av Financial Express Hyderabad.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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DDF strengthens its Senior Management Team
DF has further strengthened its senior management team with the appointment of eight senior executives across major departments in recent months.
Demerit act by Kohli on Konstas' striking debut
● Indian fined 20% fee for shoulder barge with teenager
Long years of inward-looking policies by govts to blame
IN THE THIRD week of October, the International Monetary Fund said in a blog post: \"Let's start with the good news: it looks like the global battle against inflation has largely been won, even if price pressures persist in some countries.\"
China Clears World's Largest Dam in Tibet Near India Border
CHINA HAS APPROVED construction of the world's largest dam, stated to be the biggest infra project costing $137 billion, on the Brahmaputra river in Tibet close to the Indian border, raising concerns in riparian states India and Bangladesh.
Dhindsa: Talk less, deliver more
IT IS SUCH attention to detail that's helping Blinkit leave the competition behind by a mile.
A weak rupee may jack up import bills
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Skilled jobs can power urban development
Panellists discussed how cities can boost employability and create enablers for migrant workers to remain invested at the Lucknow edition of IE Thinc: CITIES series, presented by The Indian Express with Omidyar Network India. The session was moderated by Udit Misra, Associate Editor
In a first, EatSure launches multi-restaurant ordering
EATSURE, THE D2C platform of online restaurant company Rebel Foods, on Thursday announced the launch of a new feature allowing users to order from multiple restaurants in one order.
Former PM Manmohan Singh passes away
Former Prime Minister Manmohan Singh passed away.
World Looks At India For Youth Power: PM On Veer Bal Diwas
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