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Platforms are looking to profit from the better economics in these categories. Premium stock-keeping units (SKUs) not only have higher ticket sizes but also offer better margins.
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HoABL has plotted development projects in Goa, Alibaug, Ayodhya, Dapoli, and elsewhere, with a newly-launched project in Vrindavan as well
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Based on NMV, Blinkit had a 52 percent market share, Swiggy was number two with a market share of 25 percent and Zepto was in third place with a 23 percent market share, the data, accessed by Moneycontrol, showed.
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The changes include auto-application of free delivery and upfront disclosure of all charges in line with practices adopted by rivals such as Blinkit
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The big-ticket deal follows smaller cheques from MapmyIndia, and Elcid that the company raised earlier this month. Moneycontrol was first to report about Motilal's latest investmeny in Zepto in May.
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Zepto Co-Founder and CEO Aadit Palicha said in a post on LinkedIn that, as of now, Zepto Pharmacy has been rolled out in specific locations across Mumbai, Bengaluru, Delhi-NCR, and Hyderabad.
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The investment comes just a week after Zepto raised Rs 7.5 crore from Elcid Investment at a valuation of $5.9 billion.
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Jha says pressure remains high in quick commers as standalone rivals scale and ecommerce giants test waters, even as Swiggy shifts focus to deepening existing markets
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In June, the FDA found that a Blinkit-affiliated dark store in Pune operated by a partner firm was functioning without a mandatory food safety licence. In the case of Zepto, a facility in Dharavi found instances of non-compliance with food safety norms. Both companies had resumed operations after clearance from the authorities.
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After Sumukh Rao's post went viral, several Zepto customers came up with similar complaints. A few even shared screenshots of their bills which showed that they were charges extra as 'cash handling fees'. The additional charge was not mentioned before choosing the payment method, customers claimed.
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BigBasket is evolving into Tata Digital’s last-mile engine, enabling everything from pharmacy and fashion to electronics and food delivery via quick commerce.
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Among cities, Mumbai leads with 15 entrepreneurs, reaffirming its dominance as India’s financial capital
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As vertical quick commerce platforms scale across fashion, home services and baby care, Lightspeed's Taneja says the real edge lies in supply chain control and consumer loyalty — not just speed. The firm is backing founders solving large, unorganised category problems through tech-led formalisation.
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Apart from General Catalyst and Avenir Growth, it is also likely that one or two other investors, who specialise in public markets, may participate in the ongoing round, sources told Moneycontrol
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Shares of Swiggy Ltd. climbed 20% last month, topping the NSE Nifty 100 Index, while Eternal Ltd. advanced 11%
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Zepto and Swiggy compete in the quick commerce industry and have been expanding offerings to rival each other in certain food categories through new offerings, too.
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The suspension was lifted following a detailed reinspection by the state’s Food Safety Commissioner and the submission of a compliance report by Zepto, which included an internal audit, water analysis, and photographic evidence of corrective measures taken at the site.
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The launch follows a pilot run in December last year. Amazon plans to scale up its presence in Bengaluru in the coming weeks, before expanding to other cities
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The campaign for quality checks of these dark stores will be led by the Food Safety and Standards Authority of India
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The action against Blinkit’s partner store comes barely a week after the Maharashtra FDA suspended the food business license of Zepto’s parent company, Kiranakart Technologies Pvt Ltd, over serious lapses at one of its Mumbai dark stores.
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While Eternal led the charge by adding Rs 20,217.48 crore in market capitalisation, Swiggy added another Rs 10,373.57 crore in market cap this week, NSE data showed. The two companies saw gains during a week when their key rival, Zepto, had a busy week.
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Zepto informed sellers that it has proactively launched ad campaigns for them to help “maximize reach and performance.” However, sellers say the move, which appears to allow Zepto to automatically debit from pre-approved budgets or ad wallets, lacks transparency and raises concerns about platform overreach.
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Zepto CEO Aadit Palicha has spent a lot of time in the US in the past couple of weeks to discuss a potential fundraise. Zepto has received term sheets from Avenir Growth and General Catalyst, existing backers, for a potential $700 million round, sources told Moneycontrol.
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This is the latest in a series of headaches the company has had in the recent months, including the shut down of Zepto Cafe in 44 locations, strikes in Hyderabad and more.
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While the offerings are unavailable in 44 cities across the Delhi NCR belt, Agra, Meerut, Haridwar, Gorakhpur, Mohali, Amritsar and Ghaziabad regions, Zepto let go of a total of 15 kitchen staff as they did not report in to work.
