Quick commerce

A tailwind caused by factors such as internet penetration, evolving demographics, and policy changes is among the trends that have enabled the rise of new age consumer companies such as Swiggy, Urban Company, Boldfit, and more, said the report.

The fresh capital will be used by Pico Xpress to strengthen its technological infrastructure, expand delivery operations, and scale its reach across urban India.

With this acquisition, BLACK aims to offer AI-powered virtual try-ons across fashion categories, enabling real-time, personalised digital product trials and transforming the online shopping experience for Gen Z users.

The funds will be used to buy back shares from foreign investors, boosting Indian ownership ahead of Zepto's much-anticipated IPO, expected to be filed by mid-2025.

Based on Swiggy's opening share price of INR 344.80, the total value of this latest allotment stands at approximately INR 124.94 crore.

Each of these stock options is convertible into equity shares.

The company in a statement said that consumers across the cities mentioned can purchase smartphones from brands such as Samsung, Apple, OnePlus, and Redmi.

Rolled out in Mumbai on Valentine's Day, QuickiES ensures that freshly prepared, high-quality dishes reach customers within 15 minutes—otherwise, the order is free.

By 2027–28, dark stores are projected to achieve a gross order value of $35 billion to $40 billion.

The round was led by Elevation Capital with participation from Nexus Venture Partners and prominent angels, including Vidit Aatrey, Sanjeev Barnwal, Gaurav Munjal, and Niraj Singh.

This special fund targets loan disbursal within seven days.

Reliance, which held a 25.8% stake since its January 2022 investment, is no longer pursuing further funding discussions or distress sale negotiations.

Bistro will cater to customers seeking quick access to snacks and ready-to-eat items like sandwiches, samosas, and coffee.

As part of the M-Now offering, customers will enjoy access to premium beauty and fashion labels such as Estée Lauder, Forest Essentials, Paco Rabanne, and Armani Exchange. Myntra has also included popular everyday wear and accessories from brands like Roadster, Bewakoof, and Crocs, catering to a wide audience.

Sitharaman additionally proposed that Prasar Bharati enhance its streaming capabilities to create an international-standard OTT platform.

The Bengaluru-based startup plans to use the fresh funding to expand its dark store network and enhance its 60-minute delivery infrastructure across India's top 20 cities.

In an effort to disrupt the rapid commerce industry, Reliance has already started testing pilot programs through JioMart in Bengaluru and Navi Mumbai.

Flipkart has recently launched a quick commerce vertical called 'Minutes', exclusive to Bengaluru

The development is estimated to have a bearing on Zomato's consolidated revenues for the first quarter of the current financial year

The fund raised will be utilized for geographical expansion, capacity building, team building and application development

Under the acquisition proposal, Blinkit's shareholders expected to get a little less than 10 per cent stake in Zomato