Quick commerce company Zepto has been exploring the introduction of platform fees alongside handling charges and delivery fees to enhance its profitability. Zepto has initiated a platform fee of Rs 2 per order, in addition to handling charges varying between Rs 5-20 based on factors such as order size, location, and time of day. This […]
The stock has generated more than 27 per cent returns year-to-date outperforming the benchmark indices Nifty and Sensex The e-commerce player Zomato has witnessed optimistic sentiments from investors after posting robust growth in recent quarters. Its stock has been riding a bullish wave in 2024, delivering more than a 27 per cent return year-to-date (YTD). […]
Valentine’s Day Sales Skyrocket for Zomato, Swiggy, Blinkit, Dunzo, and Zepto as Flowers, Cakes, Teddies, and Surprising Trends Take Center Stage In the spirit of Valentine’s Day, the food and quick commerce sector, platforms including Zomato, Swiggy, Blinkit, Dunzo and Zepto, have experienced substantial growth. The firms reported a significant surge in items ordered like […]
Zomato-owned quick-commerce platform Blinkit on Thursday said its ad revenue climbed more than threefold during the December quarter, compared to the same period a year ago. While the company did not share specific advertising income figures, it did state that growth was stronger than the year-on-year increase in gross order value (GOV). Blinkit’s GOV for […]
A report has revealed that Flipkart, a Walmart group firm, continues to dominate the Indian ecommerce segment with a substantial 48 per cent market share as of FY23. Boasting a 21 per cent year-on-year (YoY) growth in its user base, Flipkart outpaces the industry’s overall growth. The report indicated that mobile and apparel are the […]
Samsung said on Thursday a partnership with quick-commerce platform Blinkit to bring its recently introduced Galaxy S24 series to India. Customers in Delhi-NCR, Bengaluru and Mumbai may order Galaxy S24 Ultra, Galaxy S24+, and Galaxy S24 smartphones through Blinkit, and they will be delivered in less than 10 minutes, according to the official announcement. Along […]
Following record food orders on New Year’s Eve, food delivery company Zomato raised its necessary platform fee to Rs 4 per order from Rs 3 in major cities. The new rates went into effect on 1 January. Zomato temporarily increased its platform fee to as much as Rs 9 per order in select markets on […]
During the ongoing ICC World Cup Finale match between India and Australia on Sunday, quick-commerce platforms Zepto and Blinkit said that they were on course to record their highest daily sales, with a notable surge in orders for the Indian jersey. Swiggy reported that pizzas and burgers dominated the most-ordered items on its food delivery […]
Zomato-owned instant ecommerce grocery delivery platform Blinkit revenue has increased to a by 207 per cent i.e., a rise of Rs 724 crore but parallelly the net loss has widened to Rs 1,190 crore in FY23. This financial year represented Blinkit’s initial full year of operations following its transition to the quick commerce sector in […]
Blinkit’s CEO Albinder Dhindsa expressed astonishment at the overwhelming fan enthusiasm for the India blue jersey. “We initially launched the official India fan jersey on Blinkit at the beginning of the season. While the sales during the Ind vs Aus match seemed promising, I underestimated the fervor. The IndVsPak match surpassed all expectations,” Dhindsa mentioned […]
