
Masterstroke by Amazon as company officially enters quick commerce race with…, Blinkit, Zepto, and Swiggy Instamart plan to…
New Delhi: In a major development, e-commerce giant Amazon has launched its Amazon Now service in three pin codes of Bengaluru. Amazon Now, which is the company's official entry into the ultra-fast delivery segment, will now compete with rivals Blinkit, Zepto, and Swiggy Instamart which already dominate the market.
According to a Moneycontrol report, the launch follows a pilot that began in December 2024 and indicates the company's intention to regain market share, as Indian consumers increasingly move from traditional 1–2 day deliveries to rapid 10–30 minute deliveries for daily essentials and groceries.
The American e-commerce giant is likely to expand the service to other places in Bengaluru in coming weeks before scaling it to other cities. It is important to note that Amazon NOW's entry comes at a time when quick commerce platforms are not only witnessing quick adoption but are also starting to capture the share of legacy e-commerce players like Flipkart and Amazon itself.
According to a recent report by Flipkart and Bain & Company, over two-thirds of online grocery orders and about 10 percent of overall e-retail spending in 2024 occurred on quick commerce platforms.
To recall, Eternal (formerly Zomato) founder Deepinder Goyal earlier had said that the quick commerce firms were burning over Rs 5,000 crore each quarter—with Zepto alone accounting for more than half of that.
Industry leaders have already been bracing for a more competitive phase.
'Our view is that competition is going to intensify further from here in the near term…We will aggressively look to grow our market share, especially in the face of heightened competition, and will not let any short-term profitability goals come in the way of that,' Eternal CFO Akshant Goyal said in a letter to shareholders following its Q4FY25 results.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


India.com
an hour ago
- India.com
US President Donald Trump Earned Nearly $57.4 Million From Crypto Venture In 2024
New Delhi: US President Donald Trump made nearly $57.4 million in 2024 from his cryptocurrency company, World Liberty Financial (WLF), according to a new government report. The earnings were revealed in a 234-page official US Government Ethics report released for the year ending December 31, 2024. The report stated that Trump earned this income through 'token sales' from the company, which is involved in the cryptocurrency business. The 79-year-old Republican is listed as the Co-Founder Emeritus of WLF, while his sons -- Eric Trump, Donald Trump Jr., and Barron Trump -- are also co-founders of the venture. The company was co-founded by Trump and Steven Witkoff, a well-known American real-estate investor and lawyer. According to the filing, Trump mainly owns the WLFI protocol and governance platform. He also controls the token treasury, digital wallets, and the intellectual property of the company. The document noted that as of the end of 2024, he had certain service agreements with the original founders of World Liberty Financial. The asset was listed under Miami, Florida. World Liberty Financial runs a stablecoin called the World Liberty Financial Token (USD1), which is tied to the US dollar. As of Sunday, June 15, 2025, the token was trading 0.35 per cent higher at $1, according to CoinMarketCap. According to exchange data, the token reached its all-time high of $1.01 on May 12, 2025, while its lowest level was $0.991 on April 16, 2025. The company claims that its mission is to make financial services more accessible by using open, blockchain-based infrastructure. 'Our goal is to create a fairer system where opportunity isn't limited by location, status, or permission,' says the WLF website. World Liberty Financial earns money through the sale of its token USD1 and other related products. Additionally, in March 2025, President Trump signed an executive order to create a 'Strategic Bitcoin Reserve and a US Digital Asset Stockpile' as part of his push to position the United States as a global leader in digital asset strategy.


News18
an hour ago
- News18
Airspace Closure Over Iran Disrupts Flight Paths, Hits Indian Carriers' Europe Routes
Last Updated: Amid the conflict and growing tensions between Iran and Israel, the Iranian airspace has been shut for commercial flights The closure of Iranian airspace due to rising tensions between Iran and Israel is causing major disruptions to Indian airlines flying to Europe, officials said on Sunday. IndiGo flights to Tbilisi in Georgia and Baku in Azerbaijan now have to make a technical stop for refuelling in Doha, Qatar. Meanwhile, Air India is re-routing its European flights through Egyptian and Greek airspace to avoid the closed Iranian skies. The Iranian airspace has been closed for commercial flights since Friday amid ongoing conflict, forcing airlines to take longer routes. This has increased flight times and caused congestion over alternate paths. An official explained that IndiGo uses narrow-body Airbus A321 planes on its routes to Tbilisi and Baku. These aircraft do not have the range to fly nonstop on longer routes, which is why refuelling stops at Doha have become necessary. On the other hand, Air India operates wide-body Boeing 787s and Airbus A350s on its European flights. While Air India's flights do not require technical stops, the alternate routing has increased flight durations by up to 90 minutes. Both IndiGo and Air India have not made formal comments, but IndiGo posted on its X account that the airspace restrictions over Iran are causing congestion and possible delays on routes to and from the Gulf region. It added that extended travel times should be expected while they operate via alternate paths. Air India also posted on X on Saturday that, due to the situation in Iran and parts of the Middle East, some flights are operating on longer, alternative routes to ensure passenger safety. The longer flights increase operational costs for airlines because of extra fuel consumption and also create challenges with Flight Duty Time Limitations (FDTL) for crew members. Earlier this year, IndiGo temporarily cancelled flights to Almaty in Kazakhstan and Tashkent in Uzbekistan because of aircraft range limits following Pakistan's airspace closure. (With inputs from PTI)


The Print
an hour ago
- The Print
Israel-Iran Tensions: Puri says India has adequate energy supplies
'India's energy strategy is shaped by successfully navigating the trilemma of energy availability, affordability and sustainability,' he said. 'We have adequate energy supplies for the coming months.' Global oil prices have jumped to their highest level since January after Israel struck Iran, in a dramatic escalation of tensions in the Middle East. In a post on X, the minister said he held a periodic review of energy availability scenario with the captains of the Indian oil industry. New Delhi, Jun 13 (PTI) India, the world's third-largest oil importer and fourth biggest gas buyer, has enough energy supplies for the coming months, Oil Minister Hardeep Singh Puri said amid escalating tensions in the globe's biggest energy supply regions. The rate of the benchmark Brent crude was up by more than 10 per cent shortly after the news emerged, but eased a little. Brent was trading close to USD 75 a barrel, up more than 5 per cent over Thursday's close. India imports more than 85 per cent of its crude oil needs and roughly half of its natural gas requirement. More than 40 per cent of the oil imports and half of the gas imports come from the Middle East. Despite the spike on Friday, oil prices are still more than 10 per cent lower than where they were at the same point last year. They are also well below over USD 100 a barrel rate seen in early 2022 following Russia's invasion of Ukraine. Russia is India's largest supplier of crude oil, which is refined into fuels like petrol and diesel in refineries. Qatar is India's biggest supplier of natural gas, which is used to make fertilisers, generate electricity and turned into CNG to run automobiles and piped to household kitchens for cooking. PTI ANZ BAL SHW This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.