Walmart-owned Flipkart, Amazon are squeezing India’s quick commerce startups
Flipkart’s ongoing expansion beyond major cities and heavy discounting is raising risks for India’s quick commerce startups, analysts say.
Quick commerce
Amazon adds 1-hour and 3-hour delivery options in the US
Amazon Prime subscribers will be charged $9.99 for one-hour delivery and $4.99 for three-hour delivery. If you don’t have a Prime subscription, you’ll pay $19.99 for one-hour delivery and $14.99 for three-hour delivery.
Eternal CEO Deepinder Goyal hands over reins to Blinkit chief as quick commerce takes off
Deepinder Goyal will remain on Eternal’s board as its vice chairman.
India reportedly tells quick-commerce firms to drop 10-minute delivery promise
India’s labor ministry is pushing the country’s booming quick-commerce sector to prioritize the wellness and safety of its gig workers.
Walmart-backed PhonePe winds down its Pincode app in yet another e-commerce step back
PhonePe has shut down its Pincode app over two years after its debut.
Zepto raises $450 million at $7 billion valuation as Indian quick commerce market heats up
Indian quick commerce startup Zepto said it has raised $400 million in a funding round led by a new investor, California Public Employees’ Retirement System (CalPERS), a U.S.-based pension fund. The round, which is a mix of primary and secondary investment, also has participation from existing investors, including Avenir, Avra, Lightspeed, Glade Brook, The Stepstone […]
FirstClub bucks India’s speed obsession, quickly triples valuation to $120M with premium approach
FirstClub has raised $23 million in a Series A round co-led by Accel and RTP Global to expand its premium quick commerce platform.
Indian grocery startup Citymall raises $47M to challenge ultra-fast delivery giants
Indian e-commerce startup Citymall, which focuses on budget-focused grocery delivery for tier 2 and tier 3 towns, said today that it has raised $47 million in Series D funding led by Accel, with participation from existing investors including Waterbridge Ventures, Citius, General Catalyst, Elevation Capital, Norwest Venture Partners, and Jungle Ventures. The Series D round […]