Here's why a lot can go wrong when everything arrives in just 10 minutes

Quick Summary:

Trouble with other large bets, such as online education and fintech, is leading to faddish overinvestment in quick commerce.

Blinkit says its new “stores,” which are essentially retail partners that help fulfil demand in a neighborhood, break even when they reach Rs 7,00,000 ($8,300) in daily gross order value.

That history has an echo in 21st-century capitalist India, where the smartphone seems to have became a tool of affirming one’s existence: “I am, because the delivery guy says so.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Grocery delivery Swiggy Food delivery Quick commerce Blinkit Zepto Swiggy instamart Ecommerce Online grocery

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 07:20:24 (4 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 938 words

Reading Time: 6 minutes read

Sentences: 48 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23315145

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 236 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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