Gurugram-based startup plans to deepen NCR presence and invest in technology and supply chain as it scales a curated platform for modern parents.
Moneycontrol has reported that Snabbit is in talks to raise up to $70 million from Mirae Asset, existing backers like Lightspeed and others, as early signs of scale in dense micro-markets are drawing investor interest in the quick services space
The company has now raised $54 million over a span of 14 months, even as larger rivals struggle with the model
The latest hike, up from Rs 12.5, comes six months after Zomato's last revision, as platform fees remain a key margin lever for food-delivery major
In All-India metro markets in 2025, quick commerce and modern trade channels grabbed 3.1 percentage points of share away from kiranawalas
The round could value the startup at $350–$400 million, sources told Moneycontrol
Amazon and Flipkart see a dramatic spike in sales, quick-delivery Blinkit, Instamart and Zepto run out of stock in several cities. Rice cookers, air fryers and electric kettles too are in huge demand
The company is being valued at around $250 million more than double from $120 million just six months ago, showing businesses with a layer of quick commerce continue to be a favourite among investors, sources told Moneycontrol
The funding round includes $6 million equity and $2 million venture debt. The startup plans to expand to 10 more cities and 200 dark stores by the end of 2026
“While the product market fit was emerging, the broader economics made it challenging to scale,” the email, sent on February 19, reviewed by Moneycontrol, said.
Set up within weeks outside Hall 3, Zepto ran a compact dark store and café for AI Summit delegates, processing over a hundred orders an hour despite restricted hours.
The company is clocking an annualised order run rate of 1.2 million and said it is growing at over 45 percent monthly. A total of 2 lakh people have used the platform in about eight months since being launched.
Food delivery fires on all cylinders as Instamart still remains loss making
The Survey highlighted concerns of algorithmic biases and burnout among gig workers, a growing workforce
CFO Akshant Goyal said the drag on earnings stemmed from investments in building and operating kitchen infrastructure in-house, rather than a marketplace-led approach
Goenka told Moneycontrol that rapid urban adoption and improving unit economics are making ultra-fast delivery a sustainable retail format, with the RP-Sanjiv Goenka Group integrating quick commerce as a core part of its retail operations.
Swiggy’s food marketplace chief Rohit Kapoor told Moneycontrol that gig work should not be equated with formal employment and must be regulated as flexible work. He added that future growth in food delivery will come from affordability and first-time users rather than city expansion, amid slowing growth in the sector.
Behind the multi-billion dollar valuations and instant deliveries lies a fragile foundation—India’s quick commerce boom now faces a critical test of sustainable growth versus gig worker welfare
As protests by delivery workers and a government advisory on ultra-fast delivery bring fresh scrutiny to quick commerce, Moneycontrol traces how groceries move from dark stores to doorsteps — and how incentives, infrastructure and timing shape the last mile.
The funds will be used to pilot Dazzl’s on-demand beauty services across Bengaluru micro-markets and build a scalable operations and go-to-market playbook
Industry sourced told Moneycontrol that delivery partners earned about Rs 150 crore through tips in 2025 — a figure that has stayed flat year-on-year and remains marginal when set against the scale of incentive-led payouts that drive gig incomes.
Data show that while most delivery partners log in only intermittently, those working 8–10 hours a day, 26 days a month gross about Rs 26,500–27,700, translating to roughly Rs 21,000 in net earnings after costs
Zomato acquired Blinkit, then known as Grofers, in 2022 for Rs 4,447 crore, or about $568 million at the time, in an all-stock deal
While food delivery companies paid out Rs 60-70 crore to gig workers on NYE, quick commerce firms paid a total of Rs 50-60 crore, a jump of at least 30 percent over a regular day, three top executives at different companies told Moneycontrol
The record performance comes as rival Swiggy also reported a record surge in New Year’s Eve sales, despite gig worker unions claiming widespread participation by delivery workers in strike calls on December 31.