Quick Commerce - Looma News

Myntra Launches 30-Minute Fashion Delivery in Bengaluru, Expanding Soon

Myntra is rolling out its 30-minute fashion delivery service, M-Now, in Bengaluru and plans to expand to Delhi, Mumbai, and Pune. This quick delivery trend is growing as shoppers want faster online shopping, especially for fashion. Myntra will increase its range from 10,000 to 100,000 styles, including brands like Vero Moda and Tommy Hilfiger. While some analysts doubt if fast fashion delivery will work, Myntra sees it as a long-term investment.

By Avi G

December 6, 2024

Will Blinkit’s Sellers Hub Transform Quick Commerce

Blinkit, a quick delivery service, has launched its Sellers Hub, letting brands sell directly on the platform. Right now, over 200 brands can use it, with more on the way. This step helps Blinkit compete with big online retailers. Zomato, which owns Blinkit, has also raised its platform fee, showing the growth in quick delivery services.

By Avi G

October 24, 2024

Business / Entertainment / Technology

Blinkit’s Revenue Surges 122% YoY to INR 1,156 Cr in Q2 FY25

In Q2 FY25, Blinkit’s revenue jumped to INR 1,156 Cr, more than doubling from last year. The company reported a 122% rise in gross order value to INR 6,132 Cr. However, its adjusted EBITDA loss grew to INR 8 Cr from INR 3 Cr. Blinkit plans to have 2,000 dark stores by FY26, adding 152 stores in this quarter.

By Avi G

October 24, 2024

Politics / Business / Technology

Retail Distributors Call for Antitrust Probe into Blinkit, Swiggy, Zepto Over Unfair Pricing

India's retail distributors are pushing the antitrust authority to look into Blinkit, Swiggy, and Zepto for what they claim are predatory pricing tactics that threaten local retailers. Quick commerce is booming, but it might be messing with the traditional distribution game.

By Vishal Kumar

October 21, 2024

Business / Entertainment / Technology

Blinkit Raises Notice Periods as Talent Competition Intensifies

Quick commerce platform Blinkit has increased the notice periods for its senior employees to as much as two months, all thanks to the cutthroat competition in India's delivery scene. This change is all about keeping top talent around as rivals like Zepto and Swiggy ramp up their hiring.

By Vishal Kumar

October 17, 2024

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