Latest news with #quickcommerce
Bloomberg
3 days ago
- Business
- Bloomberg
India's E-Commerce Stocks Outrun Chinese Peers on Profit Hopes
India's top e-commerce stocks have outpaced local indexes and regional peers over the past month, as a rapid rebound fuels bets on their ability to edge out rivals and boost profitability. Shares of Swiggy Ltd. climbed 20% last month, topping the NSE Nifty 100 Index, while Eternal Ltd. advanced 11%. The rally in India's fast-growing quick-commerce sector — which delivers daily essentials in just minutes — contrasts sharply with losses for counterparts in China, where a fierce price war has battered food-delivery firms.
Entrepreneur
27-06-2025
- Business
- Entrepreneur
ZILO Raises USD 4.5 Mn Led by Info Edge and Chiratae to Revolutionise Fashion Commerce
The capital will be deployed to help ZILO achieve product-market fit, strengthen its hybrid supply chain, forge brand partnerships, and expand its operations beyond Mumbai to other major Indian cities in the coming months. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Fashion-tech startup ZILO has raised USD 4.5 million in seed funding, with Info Edge Ventures and Chiratae Ventures leading the round. The capital will be deployed to help ZILO achieve product-market fit, strengthen its hybrid supply chain, forge brand partnerships, and expand its operations beyond Mumbai to other major Indian cities in the coming months. ZILO was founded by Padmakumar Pal, a former Vice President at Flipkart and Myntra, and Bhavik Jhaveri, a serial entrepreneur. The platform is pioneering a new model in fashion retail, offering rapid delivery of curated styles from over 250 top brands such as Levi's, Puma, United Colors of Benetton, and The Souled Store. At its core, ZILO is designed for the quick-commerce era—delivering on-trend fashion in under 60 minutes, while enabling instant returns and scheduled home trials. Customers can try multiple items at home and return what they don't like immediately, streamlining the decision-making process. Operating through a mix of dark stores and partner brand outlets, ZILO ensures access to fresh, in-season products. "We founded ZILO to bring intentionality back into online fashion," said Padmakumar Pal, Co-founder and CEO. "Our platform offers a blend of online convenience and offline experience, where speed, quality, and curation coexist. Fashion discovery should be joyful, and we're here to deliver it seamlessly and reliably." Co-founder and CIO Bhavik Jhaveri added, "ZILO was created to solve a real consumer pain point. Power shoppers buy frequently, but today's retail landscape is fragmented and impersonal. We're rebuilding fashion retail from the ground up—combining discovery, delivery, and returns into one smooth, trustworthy experience." Currently live in Mumbai, ZILO plans to expand to multiple metros and add footwear, bags, watches, and fashion accessories to its offering—stocking nearly 100,000 styles by the festive season. Kitty Agarwal, Partner at Info Edge Ventures, commented, "ZILO's model delivers on speed, personalization, and trust—three critical factors for modern fashion consumers. We're excited to back a team that blends operational rigor with bold innovation to redefine how India shops for fashion." With its hyper-curated platform and rapid logistics, ZILO is set to reshape fashion e-commerce, offering a compelling new benchmark for convenience and consumer delight.
Entrepreneur
21-06-2025
- Business
- Entrepreneur
ENRISSION INDIA CAPITAL Backs Pico Xpress to Accelerate Quick Commerce Growth
The fresh capital will be used by Pico Xpress to strengthen its technological infrastructure, expand delivery operations, and scale its reach across urban India. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. In a significant boost to India's fast-growing quick commerce sector, ENRISSION INDIA CAPITAL has invested in Pico Xpress in a Pre-Series A funding round. The fresh capital will be used by Pico Xpress to strengthen its technological infrastructure, expand delivery operations, and scale its reach across urban India. Founded in 2023 by Aniruddha Gangopadhyay and Kamal Syal, Pico Xpress is a Bengaluru-based logistics startup redefining how essential goods reach consumers. The company specialises in last-mile delivery, time-bound quick commerce logistics (within 30, 60, and 120 minutes), and omni-channel fulfillment through dark stores. With a presence in over eight cities, Pico Xpress is building the backbone for India's convenience-driven commerce future. Aniruddha Gangopadhyay, Co-founder of Pico Xpress, said, "ENRISSION INDIA CAPITAL's investment fuels our mission to build India's leading quick commerce logistics backbone. This capital infusion allows us to rapidly enhance our technological capabilities and expand our operational footprint." Co-founder Kamal Syal added, "Our goal is to create a seamless and highly efficient quick commerce delivery experience. With ENRISSION's support, we are poised to innovate and set new standards in logistics speed and reliability." Harsh Deodhar, Principal at ENRISSION INDIA CAPITAL, stated, "Pico Xpress is at the forefront of India's quick commerce revolution. We are excited to support their vision of delivering essentials with unmatched speed and reliability, and shaping the future of convenience retail." As India's demand for faster deliveries surges, Pico Xpress is uniquely positioned to capitalise on the shift, offering businesses and consumers a dependable and scalable logistics partner for the digital age.
Entrepreneur
11-06-2025
- Business
- Entrepreneur
BigBasket to Launch Nationwide 10-Minute Food Delivery by 2026
To support the rapid delivery push, BigBasket will leverage its network of dark stores—small, strategically located warehouses in dense urban areas that allow delivery personnel to fulfill orders swiftly You're reading Entrepreneur India, an international franchise of Entrepreneur Media. India's Tata-backed online grocery firm BigBasket is preparing to roll out a 10-minute food delivery service across the country by the end of fiscal year 2026, stepping directly into the fiercely competitive quick-commerce space valued at $7.1 billion. The company, which pioneered online grocery delivery in India in 2011, will compete with established fast-delivery players such as Swiggy's Snacc, Blinkit's Bistro, and Zepto Cafe—all of which already serve coffee and ready-to-eat snacks within 15 minutes. BigBasket's initiative is part of its broader strategy to expand into new verticals and lock in a share of the market's explosive growth. Co-founder Vipul Parekh told Reuters that the company is eyeing not just users of services like Swiggy and Zomato, but also a broader base of new customers. "We are targeting customers of the existing food delivery firms... while also unlocking a new pool of customers," he said. To support the rapid delivery push, BigBasket will leverage its network of dark stores—small, strategically located warehouses in dense urban areas that allow delivery personnel to fulfill orders swiftly. The company aims to increase its dark store count from about 700 to as many as 1,200 by the end of 2025. The rollout follows a pilot launched last month in Bengaluru. Based on early results, BigBasket plans to expand the service to 40 dark stores by the end of July. Currently, about 5% to 10% of users with access to the service are combining quick-delivery food items with their regular grocery orders. "This is expected to grow further," Parekh noted. Unlike competitors who often partner with a range of restaurants, BigBasket will keep the offering in-house, listing menu items from Starbucks and Qmin—brands under the Tata umbrella. The company has clarified that no external food partners will be brought on board. As the sector heats up, speculation around BigBasket's funding plans has circulated. However, Parekh denied reports of external fundraising efforts and emphasized the company's financial backing from its parent. "One of the advantages we have is, being a part of Tata Group, you have enough internal capital available," he said, reaffirming the company's intent to go public within 18 to 24 months.
Reuters
10-06-2025
- Business
- Reuters
BigBasket to launch 10-minute food delivery across India by March 2026, executive says
BENGALURU, June 10 (Reuters) - India's BigBasket plans to roll out 10-minute food delivery services nationwide by the end of fiscal 2026 as competition intensifies in the $7.1 billion quick-commerce space, its executive told Reuters on Tuesday. The Tata-backed grocery giant will take on established players such as Swiggy's ( opens new tab Snacc, Blinkit's ( opens new tab Bistro and Zepto Cafe ( opens new tab, which already deliver coffee and ready-to-eat snacks in less than 15 minutes. BigBasket is targeting customers of the existing food delivery firms such as Zomato and Swiggy while also unlocking a new pool of customers, co-founder Vipul Parekh told Reuters. It plans to use dark stores to fuel the service, Parekh added, extending its foothold in India's booming quick-commerce market, which Blume Venture's Indus Valley report calls the "fastest-growing industry segment ever." Dark stores are small warehouses in densely populated neighbourhood buildings, where delivery partners, typically two-wheeler riders, pick up groceries or food for delivery. BigBasket, which brought online grocery delivery service to India in 2011, aims to increase its dark store count from about 700 currently to 1,000-1,200 by the end of 2025. Following a pilot run that began a month ago in the southern city of Bengaluru, the food delivery service will now be expanded to 40 dark stores by July-end, Parekh said. Currently, about 5%-10% of BigBasket's customers who are offered the service are clubbing quick-food items with their normal online orders, but this is expected to grow further, he added. The menu will comprise items from coffee chain Starbucks and Indian Hotels' ( opens new tab food arm Qmin, both part of the Tata group in India. No external restaurants will be partnered with, the firm said. Meanwhile, Parekh dismissed media reports of BigBasket seeking external investors for fundraising and reiterated the company's plan to go public within the next 18-24 months. "One of the advantages we have is, being a part of Tata Group, you have enough internal capital available."
