Topic: quick commerce
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Zepto Hits $7B Valuation with $450M Funding Amid Quick Commerce Boom
Zepto secured a $400 million investment led by CalPERS, boosting its valuation to $7 billion and positioning it for an IPO next year, with daily orders surging to 1.7 million. The company operates in a highly competitive quick commerce market against rivals like BlinkIt and Swiggy Instamart, whil...
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Zomato CEO Deepinder Goyal Steps Down as Blinkit Chief Takes Over
Deepinder Goyal, co-founder and CEO of Zomato and its parent Eternal, is stepping down from his executive role to focus on high-risk exploration, while remaining as vice chairman on the board. Albinder Dhindsa, the current CEO of the quick-commerce division Blinkit, will succeed Goyal, reflecting...
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FirstClub's Premium Strategy Defies India's Speed Obsession, Hits $120M Valuation
FirstClub has achieved a $120 million valuation by prioritizing quality over speed, securing $23 million in Series A funding led by Accel and RTP Global. The startup targets India's top 10% of households with curated, exclusive products and a personalized shopping experience, resulting in high av...
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PhonePe Shuts Down Pincode App in E-Commerce Retreat
PhonePe has discontinued its Pincode consumer e-commerce app to focus exclusively on developing B2B solutions for offline merchants, shifting away from the competitive quick-commerce market. The Pincode app, launched in 2023 on the ONDC network, was a hyperlocal marketplace that struggled to gain...
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UAE & Saudi Arabia: E-commerce Spending Soars to New Heights
E-commerce in the UAE and Saudi Arabia is rapidly growing, with online transactions making up half of Visa's purchase volume in the UAE and rising steadily in Saudi Arabia. Cross-border shopping is significant, accounting for about one in six transactions, with travel agencies and fashion being k...
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Citymall Secures $47M to Take on Ultra-Fast Delivery Giants
Citymall raised $47 million in Series D funding to support its focus on value-driven grocery shoppers in smaller Indian cities, maintaining a steady valuation of $320 million. The company differentiates itself from quick-commerce competitors by targeting planned, bulk purchases with no delivery f...
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India's App Downloads Hit 25.5B in 2025, Driven by AI & Microdramas
India leads the world in app downloads, reaching 25.5 billion in 2025, but remains outside the top twenty for consumer spending. The market is driven by explosive growth in AI assistant apps, with downloads surging to 602 million, and in microdrama platforms, whose downloads increased by over 350...
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