a result, an estimated 6.5 million more people will be able to access its app. Grofers shared the news in a blog post, which founder Albinder Dhindsa later tweeted. In less than two months, quick commerce platform Zepto raised a new round of $100 million led by Y-Combinator, taking its valuation to $570 million. The company plans to create a network of micro warehouses to make instant deliveries. Quick commerce is likely to be the next battleground for e-commerce sector in 2022. Trying to compete peers like BigBasket in the online grocery retailing, until last year . Baca Juga: 5 Tips Mencari Kerja sebelum Lulus Kuliah, Curi Start yuk! NEW DELHI: Grocery delivery startup, Grofers has rebranded itself as Blinkit, as it joins the race for supremacy in India's fast-growing quick commerce business. There has been a lot of talk around Quick Commerce or Q-commerce lately with startups . 1. However, these disruptors, particularly prevalent in Europe, face a challenge reaching profitability because they have not . BCCL. India's quick commerce startup Dunzo raised $240 million in a funding round led by Reliance Retail Ventures Limited, who invested $200 million for a 25.8% stake. "In the last few months, Swiggy Instamart has onboarded more than one seller-run dark store every day," Swiggy said. Mumbai-based Zepto is a commerce startup that has come up in recent times, and now, it raised $100 million in its Series C funding round led by Y Combinator's Continuity Fund. Users can order groceries, fresh produce, and other essential items, including medicines, as well as sports goods from the Airlift website or app and have it . The Bengaluru-based startup will use the fresh funds to expand its quick commerce business to 15 cities by the end of the year. Users can order groceries, fresh produce and other essential items, including . Astro, a quick commerce start-up in Indonesia, has received an injection of venture capital funds of US$4.5 million or IDR 64 billion for Seed Funding to meet the needs of customers shopping for groceries more quickly, easily, and safely. Originally founded in 2016 as an online marketplace for selling and buying African-inspired clothing, accessories, arts and crafts, Afrikrea recorded 250 per cent year-on-year growth, but last year pivoted to . Between October 2020 and December 2021, U.S.-based quick commerce startup Gopuff - which delivers convenience products in just a few minutes - received investments for up to 1.7 billion dollars . Mumbai-based 10-minute grocery delivery app startup, Zepto, has announced its $100 Mn Series C fundraise led by . Today, in the ecommerce segment of retail, hyperlocal commerce seems the most successful contender for success. Tweet on Twitter. On Thursday (April . Breadfast was founded in 2017 and since then has scaled rapidly: Growing 25% month-on-month; Serving 200,000 households across Egypt; Offering over 2,500 different products (SKUs) Targeting 6 million deliveries over the next 12 months . Many grocery delivery startups now promise to deliver goods in 8-20 minutes. More than 10 companies currently compete across Europe with an instant . Delivery Hero's regional brand foodpanda will roll . The rebranding comes just a few months after the company announced its plans to deliver groceries in 10 minutes or less. Asked about the stiff competition, Dhindsa . German online . At Delivery Hero, we believe that quick commerce is not only changing the foundations of the delivery industry and of the commerce industry, but that it is also further reshaping customers' experiences as a whole . Billions of euros have been invested in quick-commerce grocery services that deliver items to urban customers in 15 minutes or less. He added that quick commerce was the future of commerce and if Grofers didn't enter the space now, it would have been outdone by another company. If you are an ardent follower of the e-commerce industry, you know that quick commerce (Q-commerce) was the natural evolution that was inevitable at one point. Existing investors have "doubled down" on . The India-based startup . With the strike of the pandemic, we have witnessed the significance of quick commerce. Quick commerce startup Grovy is seeking to expand its operations in Central and Eastern Europe, following the completion of a €3 million financing round led by Lighthouse Ventures.. On demand delivery. Dunzo, a Google-backed quick commerce platform, announced that its revenue went up 1.6x to hit approximately US$6 million in fiscal year-end 2021 compared to FYE 2020.. In Europe, approximately 5 out of 10 startups in the space were established . Airlift operates a quick commerce service in eight cities, including Lahore, Karachi and Islamabad in Pakistan. Founded by Yassir El Ismaili El Edrissi, Hamza Guesmi and Koussi Aymen in 2020, Lamma delivers groceries, food, personal care, electronics and fashion items to users in less than 45 minutes, using a blend of dark stores and its partner network. Grofers, an online grocery delivery startup, has rebranded as Blinkit to illustrate its focus on quick commerce or 10-minute grocery delivery. The startup is currently . Quick commerce: Live tracking; Does quick commerce need a different set of regulations? E-commerce rollup firm Evenflow Brands makes four quick acquisitions The aggregator of third-party online sellers has kickstarted 2022 with the acquisition of two fitness brands, a kitchen label . Debangana Ghosh Mumbai | Updated on December 21, 2021 ×. The upstart recently entered the quick commerce sector (with its Dunzo Daily, which is recording week-on-week growth of 20%), and has picked up $240 million in a funding round led by Reliance's . On's seed round was led by venture fund Touchstone Partners. ShareTweetShareWhatsAppEmail0 SharesLahore-headquartered quick commerce startup Airlift has raised $85 million in the largest-ever funding round for a Pakistani startup. Mistakes Hyperlocal Commerce Startups Make. 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. It says that about 20 million . The deal adds to the record amounts of cash VCs have poured into quick commerce startups, which operate warehouses known as dark stores that stock goods for delivery to nearby homes. With the marriage of the convenience of online shopping with the trust of local retail shops, the hyperlocal market offers the consumers the best of both worlds. But, the timing of the domestic startups to strengthen their quick commerce offerings, couldn't have been better. Biking hastily beside the sidewalks of Manhattan are countless delivery workers rushing to drop off snacks like a pint of ice cream in . Share on Facebook . Quick commerce, or the business of delivering essentials in time frames of 10 to 20 minutes, has set the start-up world abuzz. Quick commerce is estimated at $ 0.3 billion in CY2021 and is expected to grow 10-15x in the next 5 years, to become $5 billion by 2025, according to Redseer. Delivery Hero launches online food delivery and quick commerce in Japan under its brand foodpanda. The Indian consumer has become quite impatient lately. Meanwhile . But, the timing of the domestic startups to strengthen their quick commerce offerings, couldn't have been better. Ilustrasi Belanja (IDN Times/Arief . Startups Cheetay, pandamart, and Airlift moved towards grocery deliveries soon after the pandemic hit and are offering deliveries in minutes, hinting that these startups are also . This has paved the way for . Ivory Coast-based startup Afrikrea, the e-commerce platform for "all things made of Africa'", has raised a US$6.2 million pre-Series A funding round and rebranded as "ANKA". These include Saudi Arabia-based Nana, Morocco's Epicerie Verte, UAE-based Yalla Market and Egypt's Rabbit app, Appetito and Breadfast, which raised $26 million in one of the largest financing rounds of 2021. Krave Mart, a quick-commerce (q-commerce) startup offering the delivery of groceries and other products in 10 minutes, has raised $6 million in a pre-seed funding round less than four months after . According to a report by Redseer, India's quick commerce market is expected to grow to $5 billion by 2025 . Format of the event 1 hour of LIVE exchanges with the Alumni to make the experience as participative and enriching as possible for all: 30 minutes of presentation by the Alumni (career path, professional choices, position, missions and responsibilities, company and best practices to start a career) 30 minute Q . Zomato is planning to invest nearly $1 billion in startups in the next couple of years with a sizeable chunk reserved for quick commerce, its CEO Deepinder Goyal wrote in a blog post.Goyal also . More than 10 companies currently compete across Europe with an . Now Dhindsa has decided to Ola has raised $500 million in debt from undisclosed institutional investors. The idea has come of age only in the past year-and-a-half as Covid-19 drove up digital adoption. Nine-month-old Mumbai-based Zepto raised $60 million in November at a valuation of around $225 million in its first funding. Given that the premise of quick commerce is to satisfy consumer needs almost instantly, delivery time is a fundamental aspect of companies dedicated to this modality. Here, we have captured how this . It . RELEX will flexibly support Flink's continued growth . Also, the Q-commerce market is a part of the e-commerce sector, which holds a fraction of the retail sector, about 4-5 percent, Q-commerce is also going to be backed by consumer . In 2020, quick commerce, the next generation of e-commerce, proved to be one of the main answers to some fundamental changes in customer behaviours and needs that were occurring. Europe's quick-commerce startups are overhyped: Lessons from China Tech and Gaming Blog Technology by Annie Siebert - August 25, 20210 Alexander Kremer Contributor Share on Twitter (adsbygoogle = window.adsbygoogle || []).push({}); Alexander Kremer is partner and head of China at venture capital firm Picus Capital. "Quick commerce is the new way of serving customers, it's much more convenient for customers to press three buttons and get their order delivered in 10 minutes, [rather] than standing in line." While other q-commerce startups around the world are experimenting with robots and technology to enable faster delivery, YallaMarket's model relies mostly on the set up of its warehouses and a . Advertisement. The latest . This year also kicked off with Kuwait's Fix closing a $2.5 million in pre-Seed. The venture capital being lavished on quick-commerce startups seeks to capture a seismic shift in consumer habits, as people increasingly order via smartphone app and take delivery in less time . As ambitious as this sounds, Grofers' CEO Albinder Dhindsa claims that his company can pull it off this seemingly audacious challenge. Glovo's investment in the region to date is . Dunzo, a Google-backed quick commerce platform, announced that its revenue went up 1.6x to hit approximately US$6 million in fiscal year-end 2021 compared to FYE 2020.. "And we're almost talking instant deliveries here," Sigrid adds. Already, nearly a dozen companies are operating in the space across Europe including the UK-based startups Dija, Jiffy, and Zapp, and Germany-based Flink and Gorillas . Here, we have captured how this . Zomato-backed Grofer's move comes close . It works with about 15,000 local merchants to facilitate deliveries for its customers. Quick commerce (or q-commerce) is the next-generation of e-commerce, and as the name suggests, it is all about being fast. With the marriage of the convenience of online shopping with the trust of local retail shops, the hyperlocal market offers the consumers the best of both worlds. By. Mumbai-based 10-minute grocery delivery app startup, Zepto, has announced its $100 Mn Series C fundraise led by . The round is also the largest Series B raised by a startup in the Middle East, North Africa & Pakistan, and includes some high-profile investors. The . 4 min read. "By January 2022, it will make deliveries in 15 minutes by having . Europe's quick-commerce startups are overhyped: Lessons from China Report this post Stephan Soroka Stephan Soroka On-demand Delivery Tech enthusiast Follow for hottest industry news . 1: Bootstrapping can mean leaving a lot of value on the table - Vaibhav Domkundwar Middle managers: The . Funding injections in this initial round were provided by several investors such as Global Founders Capital, AC Ventures, Lightspeed Venture Partners, and . As. At the start of September, French company Cajoo announced it had raised $40m, with supermarket Carrefour as an investor, which it says will give it a strategic edge. Quick commerce. Flink, a Berlin-based quick commerce startup offering e-bike courier grocery deliveries within minutes via their GoFlink app, will partner with RELEX Solutions, provider of unified retail planning solutions, to automate and optimize their end-to-end supply chain planning, including forecasting, replenishment, and shelf space optimization. Currently, Dunzo is present in seven cities and offers Dunzo Daily in Bengaluru. Astro, startup quick commerce (perdagangan cepat) yang baru diluncurkan pada 15 November 2021 ini, menyediakan layanan untuk memudahkan konsumen dalam memenuhi kebutuhan rumah tangga tersebut. Spanish on-demand delivery venture, Glovo, has expanded in Africa, to include Ghana and Tunisia, bringing its operations to a total of seven countries on the continent. 10:26 AM PDT • August 25, 2021. Grocery delivery startup, Grofers has rebranded itself as Blinkit, as it joins the race for supremacy in India's fast-growing quick commerce business. Yuk mengenal lebih dekat tentang Astro. With the strike of the pandemic, we have witnessed the significance of quick commerce. Stiff competition: Blinkit's latest pivot comes as platforms such as Swiggy's Instamart, Dunzo Daily and Zepto are investing heavily in quick grocery deliveries, having raised large sums from investors. Staff Writer. Quick-commerce startups like Gorillas, Buyk and Fridge No More market faster delivery times than Gopuff, typically 15 minutes or less, but Coresight's survey found that consumers value low fees and competitive product pricing more than speed, indicating incremental improvements in speed won't significantly impact customer interest in the space. Yet another "quick commerce" 15-minute groceries startup is hoping to make a name for itself in this space, adding to the myriad companies currently crowding out this market. Although a couple of quarters late to the party, Indian start-ups like Flipkart, Ola, Blinkit, BigBasket and Zepto joined the bandwagon in the past few months. With its quick commerce concept, Delivery Hero no longer wants to just focus on restaurant food in the future, but rather deliver a variety of everyday items to customers' homes - as quickly as possible. While many continue to question the need for 10-minute . If the groceries aren't delivered in 10 minutes, we start . Evolusi digital menjadi alasan Astro diluncurkan . Quick Commerce. Tunisian startup Lamma, a quick commerce app designed for young, active Africans, is beginning its international expansion with a launch in Morocco. These venture capital funds are all based in Vietnam and keen on . If you are an ardent follower of the e-commerce industry, you know that quick commerce (Q-commerce) was the natural evolution that was inevitable at one point. Q . Across the Middle East, the total . to find out how she leads her career in a Spanish quick-commerce start-up in Africa. plus-bold. Similarly, supermarkets and grocery stores are being challenged by well-funded startups in the quick-commerce space. The concept of dark stores has sprawled in Pakistan with many logistics startups moving towards quick commerce post-Covid-19 lockdowns when it became imminent that consumers would have to order their groceries online. Quick and furious: Zomato and Blinkit's quick commerce play Startup Fridays Season 2 Ep. Called interchangeably with 'on-demand delivery', it tends to focus on the micro to smaller quantities of goods ranging from . Europe's quick-commerce startups are overhyped: Lessons from China. But Grovy is . Pakistan's Airlift raises USD 85 million for its quick commerce startup. Quick commerce is estimated at $~0.3 billion in CY2021 and is expected to grow 10-15x in the next 5 years, to become $5 billion by 2025, according to a Redseer report. However, the unit economics and depth of the market that will pay for . Last year, a handful of q-commerce startups managed to raise funding. Known as q-commerce (the "q" stands for quick), the process of getting goods into customers' hands as quickly as possible has become a big focus of venture capital investments. Mistakes Hyperlocal Commerce Startups Make. Traditional e-commerce revolutionized the delivery landscape through online ordering, but even today delivery times average between 3-5 business days and larger orders are encouraged (for example through free delivery incentives etc.) Today Delivery Hero, one of the world's leading local delivery platforms, is launching operations in Japan, further expanding its leadership position in Asia. Adding to this, he pointed towards KFC's new '7-Minute Express Pickup' for . Charlotte Tucker - September 17, 2020. Quick-commerce grocery delivery startup Grofers has rebranded to Blinkit as part of a pivot to "instant commerce indistinguishable from magic". The evolution of quick commerce. Breadfast is a quick commerce startup offering same-day and next-day delivery of a range of household items from groceries to electronics and cleaning supplies. This round also had the participation of investment fund ThinkZone Venture. While grocery delivery start-up Grofers re-branded itself as Blinkit to focus on 10-minute deliveries, companies like Dunzo, Flipkart, Swiggy and Ola either made their foray in fast deliveries or upped the ante. Responding to a question by MENAbytes, the startup has confirmed that […] Quick commerce startup Zepto, which was founded earlier this year and promises 10-minute deliveries, recently raised USD 60 million in its first round of funding at a post-money valuation of USD 225 million. For Wadhwa, same day service or less from broadband and DTH firms is the next member of this quick commerce club. Alexander Kremer. Of all the hot startup trends, quick commerce commanded the most mind space, on mainstream media as well as social media. Blinkit's move into quick commerce comes at a time when platforms like Swiggy's Instamart, Dunzo Daily and Zepto are investing heavily to deliver groceries in 15-30 minutes and investors are also backing these firms, cutting them large cheques. Cracking the model. The other new e-commerce space which has attracted a lot of dry power from investors in 2021 is quick commerce. This has paved the way for . FastAF, a delivery startup focused on selling household items and daily essentials, raised $50 million in cash from investors including Luxor Capital and Interlace Ventures that values it at $200 million. Also in September, Jiffy announced it had raised $22m to fund expansion in other parts of the UK beyond London. Online Grocery: The Strategic Challenge for Europe's Quick-Commerce Business Model. The . Quick commerce start-up Zepto raises $100 m in Series C . Xiaomi will list products including smart devices, audio and mobile accessories and household appliances on "foodpanda shops", the section of the foodpanda app featuring groceries and other non-food items. The partnership marks how both Xiaomi and foodpanda are increasingly focused on "quick commerce" (q-commerce) - or e-commerce with rapid delivery times - as a growth driver. It's evident that the current fundraises in the quick-commerce space globally (and even in markets like Pakistan), and the existing and growing muscle of Delivery Hero, in the form of Pandamart, will continue to eat the market share of local convenience stores and larger . Zepto claims to be onboarding 100K+ new customers weekly with a 65% retention rate. Zomato-backed Grofer's move . Today, in the ecommerce segment of retail, hyperlocal commerce seems the most successful contender for success. Round led by Y Combinator's Continuity Fund; valuation jumps to $570 m . en. In October, Gorillas announced it has raised a $1bn Series C round, valuing the company at $2.1bn. Globally, the q-commerce model has found traction in markets like Europe, especially in the background of the pandemic, where venture capital-backed startups are leading the way. Grofers made the announcement through a blog . On, a startup operating in the field of e-commerce (e-commerce) in Vietnam, has raised US$ 1.1 million in a seed round, according to TechinAsia. The India-based startup . Sep 7 Quick commerce startup Glovo boosts African operations. Like social commerce, quick or instant commerce is also a business model that has gained popularity after the pandemic. The promise of Quick Commerce is the delivery of essential items within 10 to 90 minutes of order placement. A one-year-old startup that is attempting to build the railroads for e-commerce in Pakistan has just secured a mega round of funding in a major boost to the South Asia nation's nascent startup ecosystem. Since past few months online grocery delivery startup Grofers has been promising to revolutionize India's e-commerce space by delivering grocery products to consumer's doorsteps in flat 10 minutes. 10 exceptionally promising Dutch startups to watch in 2022… 10 up-and-coming Austrian startups to watch in 2022 and beyond; Flipdish becomes Ireland's newest unicorn as it raises €87… Copenhagen-based Ocean.io picks up €6 million and sets… 10 Netflix documentaries every entrepreneur should see Zepto claims to be onboarding 100K+ new customers weekly with a 65% retention rate. And quick commerce is the next generation of e-commerce," says Dalberg-Krajewski. Airlift operates a quick commerce service in eight cities, including Lahore, Karachi and Islamabad in Pakistan. "So, rather than waiting for a . Ola raises half a billion dollars in debt to fuel its food delivery and quick commerce dream. Based in Vietnam and keen on blog post, which founder Albinder Dhindsa later tweeted goods... 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