Even as quick commerce is slowly fading in many markets and several heavily-funded startups have folded in the past two years, India is emerging as a striking outlier where the model remains vibrant.
Zomato’s Blinkit leads the quick commerce market in India, having cornered as much as 46% of the market share by GMV in the quarter that ended in December, according to a new analysis.
Reliance Retail-backed Dunzo, which pioneered the quick commerce model in India, has virtually lost its entire market share.
However, the long-term sustainability of the quick commerce model remains to be seen.
Flipkart is weighing entering the quick commerce market by as early as May this year, TechCrunch reported last week.
When you think about commerce platforms, chances are the first names that come to mind are big names like Adobe Commerce or Salesforce Commerce Cloud.
That’s why a French startup called Catalog wants to build a software-as-a-service product that seamlessly manages B2B sales across several sales channels.
But these tools don’t necessarily work well for B2B companies.
This way, the company hopes it can handle the majority of B2B orders for companies that have decided to use Catalog.
By focusing on small and medium businesses, Catalog could start offering a wide range of services that are specifically tailored for these small manufacturing and commerce companies.
Uber has signed a memorandum of understanding with an Indian government-backed program that aims to make mobility and commerce more accessible across the South Asian nation.
The ride-hailing giant said Thursday that it will explore an integration with Open Network for Digital Commerce (ONDC) to explore integrations with the network and expand range of its mobility offerings on the Uber app.
The ONDC is an ambitious initiative seeking to disrupt the country’s fast-growing e-commerce and mobility sectors.
Though firms like Amazon and Flipkart have expressed intentions to participate in the open network, their engagement remains limited.
“As the Open Network is continuously evolving, MTT (mobility, transport and travel) is certainly a critical sector for us.
Maka, an African fashion and beauty e-commerce platform, has raised a $2.65 million pre-seed round led by Pan-African venture capital firms 4DX Ventures and Janngo Capital.
She said launching Maka began during the pandemic when she was in Ghana and struggled to find inclusive fashion inspiration.
To address the trust element, Maka leverages videos as a means to connect users with trusted creators.
Notably, the platform offers a review option, allowing customers who make purchases to share their feedback through video reviews, usually between 30 and 60 seconds long.
Furthermore, creators can download their reviews from Maka and share them on other social media platforms, earning additional points for each share.
