How swiggy bought gold / silver coins for Akshaya Trithiya

I can predict Zepto & Swiggy posts for the future dates. About how they sold all the Soan papdi in record minutes and how they had a x percentage yoy increase in sales🤪 Soan papdi season is here❤️ #soanpapdi #sales #recordsales

Swiggy is transforming grocery delivery in Mumbai with rapid order fulfillment. As quick commerce grows, traditional stores face new challenges. Learn how Swiggy and its competitors are impacting the Indian grocery market and what it means for local shops. 📉 Read the full article on www.MySilsila.com or click here: rdr.bz/lb #Swiggy #QuickCommerce #IndianRetail #GroceryMarket #Mysilsila

Swiggy remained optimistic of growth in #quickcommerce amid growing competition from deep pocket players and said it has grown amid intense competition over the past decade. Click on the link below to know more... Swiggy I Rohit Kapoor #quickdelivery #ecommerce #hyperlocal #fooddelivery #retailindustry #retailgrowth #retailing #businessgrowth #Indianretailmarket #retailresults #retailindia #retailupdates #retailsectornews #businessnews  #retailbusiness #ir #IndiaRetailing

Swiggy, India’s one of the leading online food delivery and quick commerce platforms, has appointed Kanika Tiwari as the Head of Monetization for its quick commerce service, Swiggy Instamart. Known for her expertise in strategy, business development, and growth, Tiwari brings with her a wealth of experience from her successful tenure at Flipkart and other renowned organizations. #retail #market #business #food #development #flipkart #wealth Read more: https://lnkd.in/gDEjqWuM

Q(uick) commerce is M(isleading) commerce They give wrong information on some products and then have the audacity of saying they can do nothing when the product does not carry the information. Not even take the difference and give the right product. Q commerce is just about making Q(uick) short term customer it seems -who cares? Losing some doesn't make a difference. There are many. The best of brands and concepts died as they didn't care for their customers. Don't mislead or be prepared. Arrogance can bring the best to the ground. Amitesh Jha Nandan Reddy Sriharsha M. instamart Swiggy

Can DMart withstand Swiggy Instamart, Blinkit, and Zepto? 🤔 Even big FMCG companies are reporting increasing share of quick commerce in their sales. What is your take on this, let us know in the comments and follow Finshots for more!

After taking a slice of the Kirana business, qcommerce bites into the FMCG distribution business. Most large companies have started directing supplies to warehouses of Swiggy #Instamart Blinkit and Zepto. FMCG has played a major role in the significant growth of the qcomm category - current size of $3.34B, projected to grow to $9.94B by 2029 Some key reasons that have led to this shift: >> Better margins from sales of premium products, lower cost of distribution and shorter credit period >> Qcommerce has grown 76% YoY in 2024 >> AOV has grown from ₹250 to ₹500 >> Qcommerce players are focusing on further boosting AOV by introducing premium categories Albinder Dhindsa Sriharsha M. Rahul Jaimini Deepinder Goyal #qcommerce #d2c #tech #ecommerce #onlineshopping #kirana #blackfriday

My Quick Commerce consumption has been going crazy for the past 3 months. I am clocking 15k average monthly expenses (this doesn't include Milk) Assuming if around 5 crore people will reach this monthly expenses in the next 5 years (~3.5-4 crore people order food online already via Swiggy/Zomato) Market Size of Qcomm: (15,000 Monthly Expense)*(5 Cr People)*(12 months) = ~$110B India's current Grocery & Food retail market is $850B All Qcomm has to do is achieve 12% market share (quite achievable in the next 5-10 years). Assuming Zepto acquires 25% Market share of this $110B market by 2030, it will do a revenue of ~$25B. If run well in terms of execution & delivers 5% PAT, the Net PAT will be ~$1B. Assuming 50 P/E, the valuation will be an easy $50B by 2030. Crazy right ? but I totally believe it can achieve those numbers.

The report highlighted that the Gross Merchandise Value (GMV) of quick commerce in India increased from $0.5 billion in FY22 to a staggering $3.3 billion in FY24, which is a 280% increase. Despite this rapid growth, the sector remains relatively untapped, with a penetration rate of only 7% of the total addressable market, which is valued at $45 billion. This indicates a significant opportunity for further expansion, with quick commerce already surpassing the market size of food delivery. Zepto Blinkit Swiggy

Unlike a few close people I interact with, I am not a fan of #QuickCommerce, but on the occasion of Dhanteras yesterday I decided to make a #gold purchase on Swiggy. Trigger point: A close friend of mine bought it and explained how the process was seamless and you received the gold coins within minutes. My coins were delivered in under 10 minutes by Swiggy and that was an Ah! moment for me. Supplier Options: Jar and Malabar. I went with Malabar Gold & Diamonds given their credibility. This doesn't mean Jar is any less, but Malabar has a better name in the market, given its physical stores and a previous recommendation by a friend. #Jar on the other hand did not specify if that would be digital or physical, especially the supplier brand. Offers & Coupons: #Swiggy had all sorts of coupons available in the form of tie-ups with multiple banks and above all an open-ended coupon where Jar may end up providing a coin but it did not have any clarity if that would be physical or digital (read this as CAC) so went ahead with a regular discount coupon. Price: The price offered was in line with what my jeweller was offering (rates uploaded on WhatsApp status) so rates barely mattered but I was ready to pay a decent premium for convenience this time given how situations are at jewellery stores in Gujarat and those long queues. Delivery: The delivery partner arrived, and asked me to unbox the product and confirm. He also clicked my picture receiving the delivery for security reasons. Still wondering how the issue of 0.5 Grams of coin delivered by Blinkit with the same supplier #MalabarGold instead of 1 Gram is making rounds of interest. It is so stupid not to check while it is delivered and ask the delivery partner to wait for a minute and raise a complaint right away through the delivery partner. My Two Cents: Still not sure what's in it for Swiggy except for recall value that can help with the IPO as I paid with my credit card otherwise my jeweller would charge me 2% additional. Also, the amount that may go to revenue will be negligible. In 2022, I was wondering how Quick Commerce would be able to set its foot but I have my answer now why it would stay and further put a dent in e-commerce. Who made the most money? Hands down Malabar! They were successful in capturing clients of other jewellers by pan India tie-ups with all major Quick Commerce brands. Jar on the other hand tied up right but not sure how much it would translate into business that's profitable given the CAC.