Swiggy Instamart lags in quick commerce race; Blinkit, Zepto lead:Report
Swiggy may be in the third spot in quick commerce while in terms of market share, it is behind Blinkit and Zepto.
Swiggy may be in the third spot in quick commerce while in terms of market share, it is behind Blinkit and Zepto.
Indian quick commerce startup, Zepto, became the world’s second most downloaded mobile app in the foods and drinks category in 2024, data released by the Sensor Tower said.
Blinkit’s rival Zepto saw its expenses surge a whopping 71.6 per cent to Rs 5,747 crore in the last financial year (FY24), as the company clocked Rs 1,248.6 crore in losses.
The company attributed the surge in demand to a broader trend towards both traditional and convenient festive solutions.
Quick commerce company Zepto is set to raise $340 million in the new round of funding, a report said on Wednesday.
The Zomato-owned Blinkit’s rival had just raised $665 million at a $3.6 billion valuation in a highly oversubscribed round.
The company had crossed the $1 billion valuation threshold in August this year to achieve the unicorn status, thus ending a year-long unicorn dry spell in the country.
Quick e-commerce grocery delivery app Zepto has grabbed No 1 spot on India’s ‘Top Startups List 2023’, the professional networking…
Online grocery delivery company Zepto on Friday announced the elevation of Ankit Agarwal from SVP of Product to the position…
Existing investors like Nexus Venture Partners, Glade Brook Capital, Lachy Groom and more, doubled down in Zepto with meaningful follow-on investments.
