Discover 4 articles related to Quick Commerce
In a move to bolster its omnichannel healthcare model, Zeno Health has unveiled a 50-minute medicine delivery service across Mumbai. This initiative integrates the company's extensive retail network and technology-driven logistics to ensure swift delivery of essential medications, addressing urgent healthcare needs and improving patient outcomes.
Swish, a Bengaluru-based startup, has raised $14 million to enhance its 10-minute food delivery service. Founded by Aniket Shah, Saran S, and Ujjwal Sukheja, the company plans to expand its ‘delight centers’ across Bengaluru, aiming to revolutionize rapid food delivery.
KiranaPro, a quick commerce app focused on empowering local kirana stores, has raised an undisclosed pre-seed funding round with backing from Unpopular Ventures, Blume Founders Fund, Snow Leopard Ventures, and angel investors. This investment supports KiranaPro's mission to bring rapid, hyperlocal ten-minute delivery services to customers across India, helping small retailers compete with e-commerce giants. By establishing dedicated ONDC-powered counters in supermarkets, KiranaPro aims to boost customer experience and strengthen local business reach. The new funding will drive enhancements in technology, operational infrastructure, and expansion of their quick delivery network.
India's quick commerce market is experiencing unprecedented growth, with Zepto at the forefront. The rapid delivery startup has raised $665 million, boosting its valuation to $3.6 billion. This significant funding round underscores the sector's potential and investor confidence, with approximately 40% of the latest investment coming from new investors like DST Global and Avenir Growth Capital. Founded just three years ago, Zepto has become a major competitor to established players like Zomato’s Blinkit, Swiggy Instamart, and Tata Digital’s BigBasket. Zepto’s latest funding round was co-led by existing backers such as Glade Brook Capital and Nexus Venture Partners. With these funds, Zepto plans to expand its dark store network from 350 to over 700 by March 2025, and increase its team size to over 2,000 employees. This expansion will enhance Zepto's presence in both metro and non-metro areas, positioning it well in the competitive quick commerce landscape.