Topics
Latest
AI
Amazon
Image Credits:Manish Singh
Apps
Biotech & Health
clime
Image Credits:Manish Singh
Cloud Computing
Commerce
Crypto
Flipkart MinutesImage Credits:TechCrunch
initiative
EVs
Fintech
Fundraising
Gadgets
Gaming
Government & Policy
Hardware
layoff
Media & Entertainment
Meta
Microsoft
Privacy
Robotics
Security
Social
Space
startup
TikTok
Department of Transportation
speculation
More from TechCrunch
case
Startup Battlefield
StrictlyVC
newssheet
Podcasts
Videos
Partner Content
TechCrunch Brand Studio
Crunchboard
Contact Us
India ’s fast - growing nimble commerce market is get a fresh deep - pocket entrant : Walmart - owned Flipkart , India ’s big e - commerce firm .
Flipkart has started to turn over out Flipkart Minutes , its quick DoC service , in parts of Bengaluru . The new service offers customers the ability to have a all-embracing range of item , from grocery to smartphones , pitch to them within 10 to 15 minutes . The e - Department of Commerce firm is offering client free delivery on orders priced at Rs 100 , or $ 1.20 .
Flipkart is the late entrant to the clamant Department of Commerce market , which is speedily work inroads in India even as the manakin has failed in many other markets . Quick commerce players , which rely on hundreds of low warehouses or “ dour store ” strategically site near residential and business area for rapid deliveries , have expanded to numerous categories in late months , include fashion and electronics , progressively entering Amazon ’s and Flipkart ’s traditional soil .
Flipkart did n’t immediately respond to a request for comment . TechCrunch reported in March that Flipkart wasworking on a agile DoC offering .
This move comes at a meter when the speedy Commerce Department sector in India isshowing remarkable resiliency and increase . The convenience of 10 - minute grocery deliveries has struck a chord with urban Indian consumer , result to encouraging sign for ship’s company like Zomato - owned Blinkit , StepStone - backed Zepto and SoftBank - back Swiggy Instamart .
Analysts and investors love the space , too . Goldman Sachs estimates that Blinkit , the leading quick commerce player in India , is alreadyworth more than its parent firm ’s eponymous food livery operation . Zomato ’s neckcloth hit all - time in high spirits to as much as $ 30 billion in market cap last week after the business firm , which acquired Blinkit for less than $ 600 million in 2022 , report a quarterly profits of about $ 30 million .
Flipkart leads the e - commerce mart in India , but Amazon has a substantial grip on urban Indian client . The Bengaluru - based startup insure prompt Department of Commerce as a way to win some of Amazon ’s top India customers , according to a someone intimate with the topic .
Join us at TechCrunch Sessions: AI
Exhibit at TechCrunch Sessions: AI
Amazon , for its part , has shown minuscule interest in entering the ready Department of Commerce space in India , alternatively focusing on same - twenty-four hour period delivery for Prime members and call into question the quality of product from “ fast ” delivery services in its marketing campaigns . The world ’s large e - commerce house is separately in talk to gain a post in Swiggy , which hasconfidentially filed for an initial public oblation , according to hoi polloi familiar with the subject .
A recent TechCrunch psychoanalysis found that many of Amazon India ’s bestselling detail were uncommitted on quick Commerce Department platform , intend that the company stand to fall back some business and traffic to flying commerce party .
