The year fast trading took off

0


[ad_1]

Hello,

Amid the restrictions brought on by the COVID-19 pandemic, many have avoided going out to shop for groceries and other essentials. With more people online than ever before, this has led to the exponential growth of rapid commerce startups.

2021 saw online grocery and fresh produce delivery companies increase the “convenience factor” with promises of 10-minute deliveries to keep consumers hooked.

Food delivery startup Swiggy launched its Instamart grocery and staple delivery service in mid-2020. The service, which currently delivers groceries in 30-45 minutes, is now targeting 15-minute deliveries by early 2022.

Operating in the same space, Bengaluru-headquartered Dunzo rolled out a 19-minute delivery for consumables earlier this year, after receiving support from Google Ventures and Lightstone. Grofers recently renamed itself Blinkit with the capital of Zomato and announced that it will close all locations it has not served within 10 minutes.

With a massive influx of capital, better predictability, and multiple distribution centers, these fast-paced business startups entered the new cities.

“Third-party players are helping fast-trade businesses launch new cities faster. The potential of the industry is huge as online players only serve one percent of the market, ”said S Lakshmanan, vice president and head of distribution services at Ecom Express. Your story.

Click here to read the full story.


The interview

With most companies that exceed $ 1 billion in valuation being digital first, cloud native technologies will be the backbone of unicorns to move from India to the world as they prepare to ride the wave of the world. decacorne.

Sudheer Tumuluru from Myntra, Jai Thomas from DailyHunt, Rajnish Malik from Microsoft India, Sachin Dev Duggal, CEO of Builder.ai, and Prithvi Raju Alluri from Darwinbox discuss their cloud native strategies for moving from India to the world.


Editor’s Pick: Women in Tech

A March 2020 NASSCOM report “India’s Tech Industry: Women For The Techade” states that women make up 35% of India’s tech industry.

Although women have made tremendous strides, much remains to be done to achieve gender equality in this space when it comes to the representation of women in key decision-making roles in tech companies. Read more.


Start-up spotlight

Student development using vernacular content

With the changing dynamics of professional demands in the highly competitive market, students graduating from educational institutions are struggling to find employment due to the huge demands of the market.

Hyderabad-based NxtWave aims to bridge the gap between college education and what the industry expects by upgrading the skills of students, mostly in Tier II, III, and IV cities, and making them employable in technology. Industry 4.0. Read more.

Image credits: YS Design Team


News update

  • Serial entrepreneur Pankhuri Shrivastava, who founded the women-focused social community platform Pankhuri, died on Friday. Investors and others close to her mourned the entrepreneur’s untimely demise on social media, calling it a huge loss.


Before leaving, stay inspired with …

Ronnie Screwvala, Co-Founder and President, UpGrad

“Now, it is assumed that skills in digital, design thinking, entrepreneurship and innovation will be essential in the post-pandemic era. “

– Ronnie Screwvala, co-founder, upGrad


Now get the daily capsule delivered to your inbox. Subscribe to our newsletter today!

[ad_2]

Share.

Comments are closed.