WHAT IS QUICK COMMERCE?
Quick Commerce
The supply chain disruption due to Covid-19 pandemic led to the emergence of a q-commerce-- a unique business model where the delivery of goods and services is done within 10-30 minutes of ordering.
Called interchangeably with ‘on-demand delivery’, it tends to focus on the micro to smaller quantities of goods ranging from groceries, stationeries to over-the-counter medicines. The sellers have now shifted their focus from traditional warehouses located on the outskirts to micro-warehouses located near the point of delivery. The ventures aim at restricting stocks to a focussed set of under 2,000 high-demand items.
LATEST UPDATES ON QUICK COMMERCE
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Customers tipped delivery partners up to Rs 3 crore on Dunzo in 2022
A Chennai user ordered about Rs 45,000 worth of Ferrero Rocher chocolates from Dunzo in just three orders, the report shows| December 23, 2022, Friday -
Swiggy Instamart eyeing 100 million user base in next 4-5 years
There are more than 500 brands and 5,000 products on the platform currently| October 19, 2022, Wednesday -
Not enough delivery execs: Gig workers in high demand ahead of festivals
Companies are also giving better incentives such as instant payment throughout the year and consistent working capital flow for ...| September 16, 2022, Friday -
Zomato discontinues premium membership, aims to craft a new programme
The development comes at a time when Zomato acquired quick commerce company Blinkit on June 29 for Rs 4,447 crore in an all-stock ...| August 23, 2022, Tuesday -
Online retail may hit Rs 4.9-trillion GMV this year: RedSeer report
In the India e-tailing GMV Index, there is a monthly growth comparison. In 2022, this was 60 per cent higher in April than April ...| July 22, 2022, Friday -
Minority stakes in Glance, Dunzo signal RIL's attempt for retail expansion
All told, RIL has now picked up minority stakes in retail online platform start-ups with founders leading the game| February 19, 2022, Saturday -
Quick deliveries a priority for only 8% of online grocery buyers: Survey
According to the survey, one in 10 households buying groceries online is placing over 10 orders a month via quick commerce apps| February 18, 2022, Friday -
Dunzo pulls out all stops to be No.1 in quick commerce; bets on automation
Automation, Reliance deal to help it expand faster| February 16, 2022, Wednesday
