
Fast fashion brand Newme launches 60-minute delivery service in Bengaluru
Live Events
Omnichannel fast fashion brand Newme on Tuesday launched its 60-minute delivery service, Newme Zip, in Bengaluru after the rapid delivery service 's success in Delhi.Newme had launched the service in the national capital with a 90-minute delivery timeline. After recording success with the pilot, it has now expanded the service to Bengaluru, promising faster delivery.'Gen Z is clear in what they want—style that's current, access that's instant, and experiences that feel personal,' said Sumit Jasoria, cofounder and chief executive officer, Newme, in a press release. 'The overwhelming response to our pilot confirmed that. Fast fashion can't afford to be slow.'Newme has a particular focus on generation Z customers. Besides its online presence, it has 14 offline stores across the country.Under Newme Zip, over 1,500 styles are available in Bengaluru. Currently, the company has a network of dark stores across the city and plans to scale the number of stores based on demand.Newme is also in the process of launching its rapid delivery service in Mumbai and Hyderabad in the coming months.This development comes at a time when quick delivery is gaining popularity in fashion. Last December, fashion retailer Myntra launched its 30-minute delivery service, M-Now, in Bengaluru with about 10,000 stock-keeping units (SKUs). However, depending on the location, the delivery time extends up to 4 hours. Quick commerce platforms Zepto, Swiggy Instamart and Blinkit are also expanding their fashion category to include apparel, footwear, accessories, bags and more.

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


India.com
4 hours ago
- India.com
Body of Rafale fighter jet will now be made in …, Dassault and Ratan Tata's Tata Group sign massive deal for..., India will now be...
In a massive great news for Indian defence sector growth and a move towards 'Atmanirbhar Bharat', Dassault Aviation, the company that makes Rafale fighter jet, has made a big deal with India's Tata Group. Under the recent break through deal, it has been decided that Dassault Aviation, in collaboration with Tata Group will now make the body of fighter plane Rafale in India. In the recent update, Dassault Aviation and Tata Advanced Systems Limited have signed four production transfer agreements, a move seen as major milestone in India's aerospace infrastructure and Tata group. 'This partnership is an important step in India's aerospace journey. Producing the entire Rafale fuselage in India underlines the growing confidence in Tata Advanced Systems' capabilities and the strength of our collaboration with Dassault Aviation. It also reflects the significant progress India has made towards establishing a modern, robust aerospace manufacturing eco-system. This deal demonstrates that India's technology can support global platforms', Sukaran Singh, Chief Executive Officer and Managing Director, Tata Advanced Systems Limited was quoted as saying by a report by Aaajtak. India signs Rs 63,000 crore deal to buy 26 Rafale fighter jets for Navy Only a few months back, India signed a landmark Rs 63,000 crore government-to-government deal with France to buy 26 Rafale-Marine fighter jets which will give added punch to the Indian Navy, amid growing security concerns over China flexing its maritime muscle in the Indo-Pacific region, as per a report by news agency IANS. The procurement will proceed under an Inter-Governmental Agreement , ensuring direct deliveries without any intermediaries. The deal has been signed for 22 single-seater jets and four twin-seater trainers, with deliveries expected to be completed by 2031. About Rafale-M jets for Indian Navy The 26 Rafale-M jets for the Navy, manufactured by Dassault Aviation of France , are expected to be delivered within 37 to 65 months. The delivery of all the planes is scheduled to be completed by 2030-31, a senior official said. (With inputs from agencies)
&w=3840&q=100)

Business Standard
5 hours ago
- Business Standard
Dassault and Tata to locally manufacture Rafale fuselages in Hyderabad
Dassault Aviation and Tata Advanced Systems Limited (TASL) have signed four Production Transfer Agreements to manufacture Rafale fighter jet fuselages in India for both domestic and international markets. This marks the first time that Rafale fuselages will be built outside France. The collaboration supports the Indian government's 'Make in India' initiative and aims to bolster self-reliance in the defence sector. A dedicated facility will be established in Hyderabad to produce key structural components, including the front section, central fuselage, rear section, and lateral shells. Production is expected to commence in the financial year 2028, with a capacity to deliver up to two complete fuselages per month. 'Decisive step' in deepening Indo-French defence ties 'This is a decisive step in strengthening our supply chain in India,' said Eric Trappier, Chairman and CEO of Dassault Aviation. 'With the expansion of our local partners, including TASL, this supply chain will contribute to the ramp-up of the Rafale and meet our quality and competitiveness requirements.' Sukaran Singh, CEO and MD of TASL, called the agreement a significant milestone in India's aerospace journey. 'The production of complete Rafale fuselages in India is a testament to the deepening trust between our companies and reflects India's progress in building a modern aerospace manufacturing ecosystem,' he said. India's Rafale programme and future procurements The Rafale is a twin-engine, multi-role fighter aircraft widely praised for its versatility and combat performance. It now serves as one of the Indian Air Force's (IAF) frontline assets. In 2016, India signed an agreement with France to acquire 36 Rafale jets from Dassault Aviation at a cost of approximately €7.87 billion. The jets have since been deployed to key airbases along India's western and eastern borders. That contract included offset obligations, under which Dassault and its partners were required to reinvest a portion of the deal's value in India. The new Hyderabad facility represents one of the most significant outcomes of those commitments. India has also signed a deal to procure 26 Rafale-Marine (Rafale-M) jets for the Indian Navy by mid-2028. Deliveries are expected to be completed by 2030. The deal, valued at ₹63,000 crore, includes weapons, simulators, training, and long-term logistical support.


Time of India
6 hours ago
- Time of India
‘Q-Comm Cos Preying on Other Retail Channels to Drive Growth'
HighlightsOnly 6–8 per cent of sales on quick commerce platforms are truly incremental, with most growth occurring at the expense of modern trade and ecommerce. Quick commerce platforms, such as Zepto, Blinkit, and Instamart, are generating limited new demand and are primarily taking market share from other sales channels. Despite quick commerce being the fastest-growing sales channel, it still accounts for only 3-6 per cent of overall sales for most consumer goods firms in India. Only 6–8 per cent of sales on quick commerce platforms are truly incremental, while most of the channel's growth comes at the expense of other formats—primarily modern trade and ecommerce, followed by local kiranas, according to a report by Kearney. This is despite supermarkets and ecommerce platforms offering the steepest discounts to shoppers—typically in the range of 13–18 per cent, compared to 6–9 per cent on quick commerce and 2–5 per cent on kiranas or general trade, said the report exclusively shared with ET. Industry officials agreed that platforms such as Zepto , Blinkit , and Instamart are generating little in terms of new or additional demand. 'Quick commerce is taking some share from marketplaces, they are taking some share from general trade," said Saugata Gupta , managing director of Marico, maker of Parachute oil and Saffola cooking oil. To reduce ' cannibalistic sales ,' the company needs to 'ensure that we have a tailor-made portfolio to drive offtake, and not just give price discounting,' he added. While quick commerce started off as a top-up service for last-minute purchases for groceries and small-ticket items, it is now the fastest-growing sales channel, especially for premium portfolios. The contribution of quick commerce to ecommerce sales has been doubling every year, although on a small base. It roughly accounts for between 3-6 per cent of overall sales for most consumer goods firms in the country.