Latest news with #ETtechLiveEvents
Time of India
a day ago
- Business
- Time of India
Amazon goes live with quick commerce service Now in Bengaluru
Amazon has officially launched its quick commerce service , Amazon Now , across three pin codes in Bengaluru , marking its formal entry into India's rapidly growing 10-15 minute delivery market. The service is currently in beta mode and is available to select users, according to details on the Amazon app and people aware of the development. The ecommerce giant has set up 10-15 dark stores to support deliveries in the city, and plans to expand its footprint further in the coming weeks, sources said. The launch comes after months of preparation and multiple internal pilots. Amazon's move into quick commerce comes as the segment has seen aggressive growth led by players like Blinkit (owned by Eternal), Swiggy 's Instamart , Zepto , Tata Digital-backed BigBasket, Flipkart Minutes, and Reliance 's JioMart. With Amazon Now, the company will directly compete with these established players. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Remember Tiger's Ex-Wife? Try Not To Smile When You See Her Now Click Here Undo The service is currently delivering groceries, vegetables, beauty and personal care, home care, snacks and beverages, meat, among others. ETtech Live Events ET had first reported on Amazon's quick commerce ambitions on August 28, 2024. At the time Amazon had begun laying the groundwork for its quick commerce foray, appointing category leader Nishant Sardana to spearhead the initiative. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Subsequently, on November 25, 2024, we reported that the company was building out its dark store network and targeting an initial launch by late 2024 or early 2025, operating under the internal codename Tez. In December , Amazon's senior vice president Amit Agarwal confirmed to ET, the etailer's plan to launch quick commerce here, making India one of the first markets globally where Amazon would test such a rapid delivery model.
Economic Times
21-05-2025
- Business
- Economic Times
Pichai sees platform shift as AI brings tech research to life
ETtech Live Events Artificial intelligence has brought about a significant platform shift, allowing people, businesses and communities all over the world to access decades of research, Sundar Pichai , CEO of Google and Alphabet, has is shipping products faster across frontier AI models, products and features, Pichai told global media persons prior to Google I/O annual developer conference, of which ET was a part, late on Monday."In our biggest markets, like the US and India, AI overviews are driving over 10% growth in the types of queries that show them. And what's particularly exciting is how this growth increases over time. It's one of the most successful launches in search in the past decade," he Tuesday, Google is rolling out AI mode for search in the US, with advanced reasoning capabilities to answer longer and complex queries. The search giant has been betting big on AI in the last couple of years. It recently announced a $75-billion investment for an AI data centre. It is now doubling down on its effort by integrating AI across its products and the new launches, the AI race is heating up between Google, Microsoft and OpenAI as they compete with their new AI coding agents, data centre capabilities, and newer AI models that can handle multimodal data such as audio and told media persons that the Gemini app now has over 400 million monthly active users and the AI overviews in search has more than 1.5 billion users, which is currently available in select countries like the US. The firm will be expanding it and making it available in more than 200 countries and territories, he Hassabis, CEO of Google DeepMind Technologies, said during the call that an updated version of Gemini 2.5 Flash will be available from June.
Time of India
03-05-2025
- Business
- Time of India
To make the most of IPL season: Small brands join team qcomm for maximum impact
ETtech Live Events About 300 regional and small brands have signed up with quick commerce and food delivery platforms in the past month to take advantage of the Indian Premier League (IPL) boost, said executives aware of the of these food and beverage brands have got on to the platforms for the duration of the tournament between March 22 and May 25, said the people who represent companies such as Swiggy and Blinkit as well as the National Restaurants Association of India (NRAI). Regional brands such as Troovy chips, Samyang Ramen noodles, Lucknow Kabaab Hub, Captain Sam's pizza, Boss burger, Artinci cookies and Feeelings noodles are among those looking for an IPL lift. On average, 130-150 new regional brands get on delivery and quick-commerce platforms every month, though some stay for two-three quarters, depending on how much they are willing to pay as margin fees, executives said.'Quick-commerce platforms often demand margins exceeding 30%, even on lower-priced SKUs (stock keeping units), challenging the long-term viability for emerging brands. But we remain optimistic about their potential,' said Indraneel Chitale, managing partner at Pune-based Chitale way of contrast, such platforms charge established large brands an average 10-20%.The smaller companies are willing to pay the price amid the consumption bump that takes place as people order snacks during the country's biggest sporting tournament. The onboarding trend is similar for packaged foods and beverages and dining brands.'For a majority of the regional dining brands, the IPL is a large window of opportunity for discoverability by consumers on delivery platforms, despite the steep margins they pay,' said Sagar Daryani, president of the National Restaurants Association of India (NRAI), which represents over 500,000 restaurants across dine-in, delivery-only and cloud kitchen formats. 'Many cuisine-specific restaurants are also introducing online-only brands and running offers for the same to grow the business.' Packaged food products sold by these companies include namkeen, soft drinks, noodles, biscuits and said events such as these prove to be particularly beneficial for brands looking to move beyond their core regional markets, enabling immediate visibility and widening reach in tier 2 and tier 3 locations.'Our teams are getting over a dozen queries a day across quick commerce and delivery,' said a senior executive at a leading quick commerce platform. 'We have to be selective while onboarding brands, with constraints of dark stores and obviously give preference to established brands since that's where the consumer pull comes from.'
