Sumeet Chhetri’s Post

#News #Updates Flipkart Set to Disrupt India's Fintech & Quick Commerce Market? Flipkart is making a strategic move by venturing into Fintech and Quick Commerce in India! 🇮🇳 Here's the scoop: They're aiming for super-fast deliveries (think 10 minutes!) in major cities through a network of dark stores. ️ Expect them to compete with Zepto, Blinkit, and Swiggy Instamart in the quick commerce space. While they'll likely focus on groceries and daily essentials, electronics and fashion might be on the table too. Why this is a big deal: The Indian quick commerce market is a goldmine at nearly $45 billion, and Flipkart's entry could be a game-changer. Their extensive user base and logistics network give them a fighting chance. But with established players like Zepto, efficient execution and a robust dark store network are crucial for success. #Flipkart #Fintech #QuickCommerce #India #Ecommerce #Disruption #DarkStores #SupplyChain **What are your thoughts on Flipkart's new venture? Will they shake up the market? Let's discuss in the comments! **

Can qCommerce Exist Anywhere Else? Indian companies are soaring on ultra-fast delivery. BigBasket, Zepto, Flipkart Minutes, and Swiggy Instamart are aggressively hiring, including poaching talent from competitors as demand for their service explodes. There's an "arms race" to open dark stores (micro-fulfillment warehouses) to facilitate the 15-30 minute delivery promise... especially in urban areas where real estate is expensive and hard to secure. As competition intensifies, platforms are focused on offering faster delivery and denser store networks to retain customers who tend to stick to one or two services unless faced with poor service. The operational complexity, particularly in logistics and inventory management, is a key challenge as quick commerce evolves. It's actually the biggest weakness and (in my opinion), where these models will start to collapse. How do you see this market changing? Can it make a raging come back in other parts of the world where it has started to falter?

More Q commerce and this one by The Ken actually neatly summarises each and every player including the three incumbents, Zepto, Blinkit Swiggy , all doing exceedingly good numbers. Where is Amazon India? Lagging behind (& losing their own market share in certain categories) as they got it horribly wrong like Walmart Owned Flipkart and Tata Group owned bigbasket.com. Why? Well, they are corporate and don't disrupt themselves easily. They need startups to do it for them and then, either they acquire (difficult here) or enter markets created! And, Reliance Industries Limited's Jiomart? Got it wrong again with all their attempts only to launch q commerce very soon. And surprisingly, our serial business taxi company, Ola looking to re-enter — never mind that all their attempts in various ancillary things failed and shut. Moral: Don't underestimate or negate David's and new players with fresh idea and blitzkrieg execution (Zepto). Give them a fair chance unless you wish to eat humble pie. And, also don't undermine consumers - if they get what they 'need', no reason for them to shun a service. Good read and free (https://lnkd.in/gwePwvem) for armchair LinkedIn people in the habit of having 'opinions'. Please only comment if you have seen data, numbers, unit economics or have clients in the space who work with these Q commerce platforms. P.S: Zepto is raising another $310 mn at a $5Bn valuation (up 40% from June) 🤠...go on bash them more: https://lnkd.in/gGG7ySTA

It's incredible how rapidly quick commerce has taken off in India. Most people thought that QC can never be economical, and understandably so (Extremely tough to operate and profit). 🛵 𝙕𝙚𝙥𝙩𝙤, 𝘽𝙡𝙞𝙣𝙠𝙞𝙩, 𝙄𝙣𝙨𝙩𝙖𝙢𝙖𝙧𝙩 𝙨𝙚𝙚𝙢 𝙩𝙤 𝙝𝙖𝙫𝙚 𝙛𝙤𝙪𝙣𝙙 𝙩𝙝𝙚𝙞𝙧 𝙩𝙖𝙧𝙜𝙚𝙩 𝙘𝙤𝙣𝙨𝙪𝙢𝙚𝙧 - - Young and tech-savvy professionals - Looking to save time and for convenience - Urban Dwellers ⏭ 𝙄 𝙛𝙤𝙪𝙣𝙙 𝙨𝙤𝙢𝙚 𝙞𝙣𝙩𝙚𝙧𝙚𝙨𝙩𝙞𝙣𝙜 𝙞𝙣𝙛𝙤𝙧𝙢𝙖𝙩𝙞𝙤𝙣 𝙖𝙗𝙤𝙪𝙩 𝙌𝘾 𝙡𝙤𝙜𝙞𝙨𝙩𝙞𝙘𝙨 - - A dark store covers a radius of ~𝟱𝗸𝗺 𝗼𝗿 𝗹𝗲𝘀𝘀 - Once the dark store receives the order, time limit for packing is 𝟭.𝟱 𝗺𝗶𝗻 𝗽𝗲𝗿 𝟱 𝗶𝘁𝗲𝗺𝘀(increases by ~10 sec per additional item) - Delivery partner wait time at dark store is 𝟱-𝟳 𝗺𝗶𝗻 at max. They can fulfill anywhere between 𝟭-𝟯 𝗼𝗿𝗱𝗲𝗿𝘀 at once. Earlier, Flipkart wanted to invest in Swiggy and Zepto, but now launched their own -> 𝗙𝗹𝗶𝗽𝗸𝗮𝗿𝘁 𝗠𝗶𝗻𝘂𝘁𝗲𝘀 (𝙤𝙥𝙚𝙧𝙖𝙩𝙞𝙤𝙣𝙖𝙡 𝙞𝙣 𝙗𝙖𝙣𝙜𝙖𝙡𝙤𝙧𝙚). Reliance and Amazon will be launching their QC segments soon. 💡It’ll be fascinating to see who comes out on top, or if there’s enough room for everyone to succeed. Only time will tell.

Flipkart Introduces INR 3 Platform Fee Amidst Quick Commerce Boom In a move that could potentially impact millions of online shoppers, e-commerce giant Flipkart has announced the introduction of a INR 3 platform fee. This new charge will be applicable to orders placed on the main Flipkart platform, as well as its quick commerce service, Flipkart Minutes. The decision comes as the quick commerce sector in India witnesses rapid growth, with players like Swiggy’s Instamart, Zomato’s Blinkit, and Zepto having already implemented similar handling fees. Flipkart’s move is seen as a strategic step to align with industry trends and potentially bolster its bottom line. While the fee might raise concerns among consumers, the company is expected to justify the charge by highlighting potential improvements in services or investments in infrastructure. The impact of this fee on consumer behavior and overall market dynamics will be closely watched by industry experts and analysts. #startup #startupnews #business #flipkart #ecommerce #store #shopping #conumers #investment #platform #fees #dynamics #india #industry #instamart #service #post

In India, Amazon and Flipkart invested heavily, shaping the ecosystem and changing customer behaviors, expecting profits in the long run. Come Vertical MarketPlaces (VMP) like Firstcry-KSA and Quick Commerce (QC) players like Blinkit and Bigbasket, profitability and market share, both see a major risk. Flipkart's USP of great seller/customer experience and Amazon's of Speed is seeing an unbeatable competition from these players. QC has also entered high margin non-food segment. Zepto's 20% dark stores are already CP positive and BB is aiming to be profitable in the next 6 to 9 months. With MPs facing aggression on pricing, speed and experience creation across all categories. It's time they choose between Market share/Growth and profitability. Where do you see this battle of Indian Marketplace going? #MarketplaceChallenges #Adaptation #innovation #quickcommerce #marketplace #amazon #flipkart #bigbasket #zepto #firstcry p.s.: Views are personal and do not represent my org.

Quick Commerce in India: Is the Business Model Sustainable? Recent financials from key players in the quick commerce space raise critical questions: Blinkit: ₹1,190 Cr losses Zepto: ₹1,272 Cr losses Swiggy Instamart: ₹1,040 Cr losses Dunzo: ₹1,801 Cr losses With Flipkart now entering the space with Flipkart Minutes and Ola (via ONDC) gradually expanding, the industry is becoming even more competitive. This prompts a few key questions: 1. Can the current business model support long-term sustainability? 2. Will customers be willing to pay 2-3X more for deliveries? 3. Which company is positioned to dominate the market and achieve profitability? The next few years will be crucial for these companies as they navigate this highly competitive landscape.

Quick commerce appears to be the flavour of the season 👇 🔸The “trinity” of Blinkit, Swiggy Instamart and Zepto appear to have leveraged their first-mover advantage in the space to cultivate strong brand recognition and captured a big chunk of the market share. 🔸For context, these three players together reported over $1 Bn in revenue in FY24 while a report estimates that the quick commerce industry in India saw sales surge by 280% over the last two years. 🔸Not stopping there, quick commerce players are now eyeing their next growth path by moving into the non-grocery category such as fashion and electronics. Unlike deep-pocketed vertically-integrated marketplaces, which take days for deliveries, the USP of quick commerce lies in the “10-minute” magic. 🔸Such has been its sudden rise that many project quick commerce platforms to eventually eat into the market share of traditional ecommerce platforms. Fearful of missing the bus, Flipkart has already entered the burgeoning space with “Minutes” while Amazon has been lining up plans to make its quick commerce foray. 🔸Not just these big titans, but a host of new startups, conglomerates and even other new-age tech companies, too, have also been trying to replicate this success. Follow us For More Updates. #raffesia Amazon Myntra JioMart Digital #startupworld #quickcommerce Sources - inc24

Amazon & Flipkart KILLER!? 😱💥 Meesho, founded in 2015, has become a dominant player in Indian e-commerce, hitting massive milestones in 2023: - 3X growth in order volume 📦 - 77% increase in app downloads 📱 - 1.5 crore new sellers onboarded, driving 120% year-on-year growth 🚀 What’s driving this rapid success? - Asset-light model: Suppliers can sell directly via WhatsApp or Facebook Marketplace. - Zero commission: Sellers pay no commission, making it easy for anyone to start a business with zero capital. - Empowering women: Nearly 90% of Meesho's users are women, many of whom have turned into entrepreneurs. This innovative approach is why Meesho is redefining the e-commerce space in India. What do you think, will this model continue to dominate? Share your thoughts in the comments!

𝗪𝗵𝗮𝘁 𝗶𝘀 𝗤𝘂𝗶𝗰𝗸 𝗖𝗼𝗺𝗺𝗲𝗿𝗰𝗲 ? 𝗮𝗻𝗱 𝘄𝗵𝘆 𝗶𝘀 Flipkart 𝗱𝗲𝗰𝗶𝗱𝗶𝗻𝗴 𝘁𝗼 𝘁𝘂𝗿𝗻 𝗶𝗻𝘁𝗼 𝗾𝘂𝗶𝗰𝗸 𝗰𝗼𝗺𝗺𝗲𝗿𝗰𝗲 ?? Quick commerce refers to the ultra-fast delivery of goods, typically within an hour of ordering, through digital platforms such as mobile apps or websites. It's a subset of e-commerce focused on delivering goods rapidly to consumers' doorsteps, often leveraging local fulfillment centers or existing retail infrastructure for speedy delivery. Flipkart took this decision after the news of quick commerce firms like Blinkit and zepto expanding their stock keeping units(SKU) in their dark stores( 𝘼 𝙙𝙖𝙧𝙠 𝙨𝙩𝙤𝙧𝙚 𝙞𝙨 𝙙𝙚𝙨𝙞𝙜𝙣𝙚𝙙 𝙨𝙤𝙡𝙚𝙡𝙮 𝙛𝙤𝙧 𝙤𝙣𝙡𝙞𝙣𝙚 𝙤𝙧𝙙𝙚𝙧 𝙛𝙪𝙡𝙛𝙞𝙡𝙡𝙢𝙚𝙣𝙩, 𝙞𝙣𝙘𝙡𝙪𝙙𝙞𝙣𝙜 𝙞𝙣𝙫𝙚𝙣𝙩𝙤𝙧𝙮 𝙝𝙖𝙣𝙙𝙡𝙞𝙣𝙜, 𝙥𝙞𝙘𝙠𝙞𝙣𝙜, 𝙥𝙖𝙘𝙠𝙞𝙣𝙜, 𝙖𝙣𝙙 𝙙𝙚𝙡𝙞𝙫𝙚𝙧𝙞𝙣𝙜) to add other than grocery items like apparel, electronics etc which have been the major products of e-commerce firms. Before arriving at this decision Flipkart tried to take 50% stake of zepto which was denied by its owner and so to compete with other like firms and adapting to the emerging market demand it has decided to create its own QC firm. (Zepto ,a quick commerce startup is first Indian unicorn of 2023, that raises $200 million at $1.4 billion valuation.It ended the India's 11 month unicorn drought.) #Business #ecommerce #quickcommerce #MBA #trend #Indianmarket IMS Ranchi University Malavika Sharma Dr. Alka Singh