Zepto Cafe has said it has surpassed 75,000 daily orders. The app was launched in December 2024
Flipkart is set to expand its quick commerce service 'Minutes', aiming for over 500 dark stores by 2025, positioning itself as a strong rival to Blinkit, Zepto, and Swiggy Instamart
Other Indian companies in the category were food and grocery delivery companies Zomato at number five and its competitor Swiggy at number nine, Zepto's rival Blinkit secured the tenth spot
Zepto has introduced an instant return and exchange option on its app for categories like electronics, apparel, toys, sports, and kitchenware
Sharing the update, Zepto co-founder and chief executive officer, Aadit Palicha, said the company has received formal approval from Singaporean courts and the National Company Law Tribunal (NCLT)
This initiative ensures that every order placed in the region is managed entirely by an all-women team, from picking to packing
Zepto aims for 40 per cent domestic shareholding before its IPO; it is merging its Singapore parent with an Indian entity to relocate its domicile to India
The GOVs of all the quick commerce players have been growing strongly. In case of Zomato and Swiggy, the GOV growth has been faster than their food delivery business
GOV represents the total value of all orders placed before any deductions for returns, cancellations, or discounts
Zepto will not require a no-objection-certificate (NOC) from the Reserve Bank of India, the order read
In the second half of 2024, Zepto had picked investment banks like Goldman Sachs, Morgan Stanley, and Axis Capital as advisors for its IPO
While Swiggy Instamart recorded its largest order of Rs 70,325 from a user in central Goa, Blinkit reported an order worth Rs 64,988 from a Kolkata user
The quick commerce industry will reach a stage in 2025 where it will be comparable to traditional e-commerce giants like Amazon and Flipkart, Zepto co-founder and CEO Aadit Palicha has asserted. In a LinkedIn post on New Year's Eve, he said Zepto last year announced that 2024 will be the year people realise that quick commerce has the potential to create an Amazon/Flipkart level outcome in India and outlined three key forecasts for the new year. "In 2025, Quick Commerce will actually start hitting a scale where it will become comparable to e-commerce," he wrote. IPO-headed Zepto reported a 120 per cent increase in operating revenue to Rs 4,454 crore in FY24, surpassing competitors like Swiggy's Instamart and Zomato's Blinkit. Emphasising that success in quick commerce will hinge on "exceptional execution", Palicha said it will be challenging for every single player to deliver that level of execution. "In 2025, the fundamentals of Quick Commerce will evolve dramatically. The custom
Zepto CEO Aadit Palicha shared interesting insights on user orders via social media
This development follows the resignation of Zepto's chief human resource officer, Martin Dinesh Gomez, earlier this month
Zepto, the pure-play quick-commerce player, released its year-end report showcasing how users are choosing instant delivery platforms for everything from condoms to carrots
The Federation of Retailer Association of India on Tuesday asked the government to provide enhanced technology platform to Kirana stores to enable them to compete with quick commerce firms. "Such support would enable the kirana stores to remain competitive amidst the increasing encroachment into their space by quick commerce companies like Swiggy Instamart, Blinkit or Zepto," said Federation of Retailer Association of India (FRAI), which says that it represents about 80 lakh micro, small and medium retailers from across the country with a membership of 42 retail associations. Providing local kirana stores with a technology platform would allow them to compete on equal terms with quick commerce players, effectively creating a level-playing field, it added. "With new technologies brought in by the government, like ONDC (Open Network for Digital Commerce), what is now required is a more focused approach in creating a specific solution for kirana stores that makes them as discoverable a
In 2024, India's startup scene showcases a mix of triumphs and struggles, with innovative leaders like Zepto rising while giants like Byju's face significant challenges
At least five companies, including Zomato Ltd. and its recently-listed rival Swiggy Ltd., have unveiled or announced plans to offer quick food delivery in the last few weeks
Shortly after announcing plans to offer its caf service as a separate app, Zepto has elevated Shashank Shekhar Sharma as the CXO of Zepto Cafe, effective December 2024. Sharma, who has been building Zepto Cafe since its inception, will oversee Caf operations, footprint expansion, equipment procurement, quality control, and the end-to-end customer experience of Zepto Caf, a company statement said. Previously serving as Business Head at Zepto Cafe, Sharma will continue to report to Zepto President Vinay Dhanani. "After 2 years of deep work, iteration, and disciplined scaling, Zepto Caf is now at 30K+ orders/day and what we believe to be clear customer product-market-fit and solid unit economics. "This excellent execution was only possible because of the leadership of Shashank Shekhar Sharma, who worked tirelessly with his team to turn Zepto Caf from a fringe idea to what could be the next revolution in food QSR in India," Zepto co-founder and CEO Aadit Palicha said in a LinkedIn post