Blinkit, Swiggy Instamart and Zepto have rewritten app-store descriptions to drop fixed 10-minute delivery claims following labour ministry concerns over delivery pressure on gig workers.
The Centre has urged quick-commerce platforms to drop 10-minute delivery branding amid safety concerns for gig workers, following labour ministry talks and growing scrutiny of ultra-fast delivery models.
In a major development, Union Labour Minister Mansukh Mandaviya has secured agreement from major delivery aggregators to remove the mandatory ten-minute deadline
Expressing condolences over the accident, the quick commerce company stated that the individual mentioned was not associated with Zepto
Zepto introduces in-app UPI payments, allowing users to complete transactions without third-party apps. The move aims to streamline checkout and enhance user experience as the startup prepares for a potential IPO.
Categories such as party supplies, gifting essentials, snacks and beverages, beauty, personal care and grooming and viral items including grapes saw high growth on the platforms
While competition will intensify and operational challenges will persist, the fundamentals in quick commerce ecosystem are strong looking ahead, writes Vinay Dhanani, President, Zepto
The quick commerce company is looking to raise about Rs 11,000 crore through the proposed issue, positioning itself for a market debut in the coming year
The company notes that delivery partners collectively travelled 24,52,95,068 kilometre and the fastest delivery recorded during the year was completed in just 48 seconds
Zepto more than doubled FY25 sales to Rs 9,668.8 crore, while net loss widened to Rs 3,367.3 crore as competition intensified and the company prepared for an IPO.
