On 16 September, social media was abuzz with talk of the speed at which consumers were lapping up iPhone 16, not in stores, but on quick commerce. And the frenzy started as early as 7 am. While the Tata-owned BigBasket sold 372 units in the first 100 minutes, Blinkit sold 300 within the first two hours of listing on the respective platforms.
Both Albinder Dhindsa, Founder of BlinkIt and Hari Menon, Chief Executive Officer, BigBasket took to social media to express their excitement on this.
Q-commerce players have been expanding their baskets to include more and more categories with gadgets being the current hot item.
The trend has picked up considerably in the last couple of months with well-known brands like Apple to Boat and lesser-known brands like Ambrane have taken the q-commerce route to consumers.
"Bigbasket started electronics with the iPhone launch on 16 September. Prior to that, we were selling small appliances (mixies, electric kettles, toasters, irons etc), accessories like chargers, adapters, power cords etc and headphones," shared Seshu Kumar, Chief Buying and Merchandising Officer, Bigbasket. And the brand got an incredible response with the highest sale for iPhones on Bigbasket being registered in Delhi NCR.
In fact, encouraged by the success of iPhone, Bigbasket will soon host an electronics store powered by Croma, co-founder Menon revealed in a LinkedIn post.
Just as q-commerce platforms are eager to increase their electronics and appliances spread, brands too are in a dash to be available on the channel.
The Brand Perspective
The obvious reason for brands to be available on q-commerce is immediacy.
Bu hikaye Images Retail dergisinin October 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Images Retail dergisinin October 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
McDonald's The Maharaja Mac Of Transit Retail
While McDonald’s serves as a great example of successfully Indianising a global brand, it is also an insightful case study in strategically making transit retail work
Founders, Market are Key for D2C Investors
Investors and brands across the retail landscape are the crucial factors considered when raising funds
Powering Consumption Growth India's Home and Household Market Report
The report from Deloitte India projects that India’s home and household market is witnessing strong demand, particularly in tier 2 and tier 3 cities that are emerging as growth hubs
Tech Infra Readiness Among Top Challenges in GenAI implementation
Tech infrastructure readiness is one of the top three challenges organisations in the technology, media, and telecom (TMT) sector face when implementing Generative AI (GenAI) solutions, a report stated.
Amazon India Introduces AI Chatbot Rufus Ahead of Festive Sale event
E -commerce major Amazon India launched a new generative AIpowered conversational shopping assistant, Rufus, ahead of the start of its festive sale event.
'Fusion of Art and Commerce Helps Virtuous Retail Create Culturally Rich Shopping Environments'
Sumi Gupta, board member of VR South Asia, who spearheads all things art and culture at the group, talks about the unique approach of curating art festivals in retail spaces to foster a deep community connection and drive commerce
Jumboking's Travel Retail Journey
About 95% of Jumboking's outlets are positioned at busy transit hubs benefiting from the high foot traffic these places enjoy
What's Driving the Success of Electronics on Q-commerce
Electronics are among the hottest selling items on q-commerce. Here's what's driving the trend and why the collaboration is a win-win for all stakeholders
Measuring the Influencer Effect
Influencer marketing has become a core part of every brand's marketing. But does it really benefit brands?
Mid-range Smartphone Users Lead in Premium Product Engagement
The study, conducted by Bobble AI’s Market Intelligence division, delves into the online shopping behaviour of smartphone users