Centre persuades delivery aggregators to take down mandatory 10-minute delivery deadline
A meeting was held with leading platforms, including Blinkit, Zepto, Zomato, and Swiggy, among others, to address concerns related to delivery timelines.
A meeting was held with leading platforms, including Blinkit, Zepto, Zomato, and Swiggy, among others, to address concerns related to delivery timelines.
Swiggy, Zomato, Blinkit, Zepto, Amazon, and Flipkart delivery workers have announced a nationwide strike on December 31, raising the risk of delays and cancellations for food and grocery orders.
In the wake of the Food and Drug Administration (FDA) of Maharashtra suspending Zepto parent company's food business license, Quick-commerce platform Zepto said they have initiated an internal review and are taking all necessary corrective measures to resume operations following regulatory obligations and applicable laws as soon as possible.
Swiggy may be in the third spot in quick commerce while in terms of market share, it is behind Blinkit and Zepto.
Indian quick commerce startup, Zepto, became the world’s second most downloaded mobile app in the foods and drinks category in 2024, data released by the Sensor Tower said.
Blinkit’s rival Zepto saw its expenses surge a whopping 71.6 per cent to Rs 5,747 crore in the last financial year (FY24), as the company clocked Rs 1,248.6 crore in losses.
The company attributed the surge in demand to a broader trend towards both traditional and convenient festive solutions.
Quick commerce company Zepto is set to raise $340 million in the new round of funding, a report said on Wednesday.
The Zomato-owned Blinkit’s rival had just raised $665 million at a $3.6 billion valuation in a highly oversubscribed round.
The company had crossed the $1 billion valuation threshold in August this year to achieve the unicorn status, thus ending a year-long unicorn dry spell in the country.
