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Tata-owned bigbasket has forayed into an electronic category to stay in the competition in the quick commerce space. Bigbasket has partnered with Cromā, a subsidiary of Tata Digital, to deliver iPhone 16 in just 10 minutes.


While Bigbasket's BB Now has been in operation for approximately two and a half years,  it intensified its operation last year due to the surging demand for rapid deliveries.


The e-grocery platform said it will also deliver other electronic products such as laptops, PlayStation consoles, microwaves, and more in a super fast mode to the doorstep from Friday onwards.


Initially, the ultra-fast delivery of services of the electronic items will be be available to the app users in Bengaluru, Delhi-NCR and Mumbai.

"We are thrilled to bring the iPhone 16 to our platform, marking the beginning of our foray into the electronics space. This is just the start soon, we will be offering a wide range of top-tier electronics, all available with our lightning-fast delivery service," Hari Menon, co-founder and CEO of bigbasket said.

Earlier this year, bigbasket experimented with reducing delivery times, first offering two-hour delivery slots under its Supersaver service and then planning to reduce them to one hour.


The company has plans to deploy 500-600 dark stores nationwide and link them with its warehouses to streamline delivery of both popular grocery items and non-grocery products.

Currently, bigbasket has 10,000 Stock Keeping Units and plans to increase this number to between 25,000 and 30,000 in the near future. The operations of bigbasket expanded to more than 400 cities, recording about 15 million customer orders per month. In 2020, the company reached the milestone of $1 billion in annual revenues.

The quick commerce industry in India has experienced rapid growth since the pandemic. It is projected to touch US$ 5.5 billion by 2025, as per a RedSeer report.

Tata-owned bigbasket forays into electronics, to deliver iPhone 16 in 10 minutes

Former chief executive officer of Flipkart, Ayyappan R, is reportedly set to start a quick commerce retail venture. According to The Economic Times report, Ayyappan is in talks with venture capital firms Accel and RTP Global for seed funding. 

Storyboard18 could not independently verify the information. 

The venture will reportedly focus on delivering premium products across various categories such as FMCG, health and fitness, and fashion of both local and international categories. It will also have an offline retail presence too. As per the ET report, the new venture may deliver products within 20-30 minutes. 

Citing sources, the ET report mentioned that the venture would offer a diverse range of products including dry fruits, avocados, blueberries, healthy gummies, etc.

It may operate on a subscription-based model, offering platform access exclusively to its members or by providing better pricing.

Further, the English daily mentioned that the venture is being positioned as "Costco for India". However, the registered name is FirstClub.

Before being the CEO of Flipkart-owned Cleartrip, Ayyappan was the Chief Business Officer of Myntra.

Recently, Flipkart also announced to entry into quick commerce with its service called 'Minutes'.

As per Bofa Securities, the quick commerce market is expected to grow to nearly $22 billion in gross merchandise value (GMV) by 2027 from $2.8 billion in 2023.

Former Cleartrip CEO to start quick commerce retail venture: Report

Zomato's standalone spending on advertisement, sales, and promotion has increased by 84% to Rs 340 crore in the first quarter (April-June) in the current fiscal year FY25. In the last fiscal, the company spent Rs 184 crore on ads.

The online food delivery platform's standalone revenue from operation stood at Rs 2,048 crore between April to June quarter in FY25 from Rs 1,420 crore in the same period last fiscal.

The standalone net profit of Zomato in the first quarter stood at Rs 470 crore from Rs 276 crore in the same period in FY24.

	
<a href="https://www.storyboard18.com/advertising/zee-entertainment-q1-fy25-net-profit-rises-to-rs-118-crore-ad-revenue-declines-by-3-6-38363.htm">Zee Entertainment Q1 net profit rises to Rs 118 crore; ad revenue declines by 3.6%</a>

The company registered a consolidated profit of Rs 253 crore between April and June FY25. Zomato's consolidated spending on ads and promotion in Q1 stood at Rs 396 crore.

In a stock exchange filing, Zomato said that there has been a 53% growth in its gross order value across all B2C businesses (food delivery, quick commerce, and Going-out) in Q1 FY25 to Rs 15,455 crore.

The adjusted EBITDA was up by Rs 287 crore YoY to Rs 299 crore between April-June in FY25.

<a href="https://www.storyboard18.com/how-it-works/zomato-reports-net-profit-of-rs-175-crore-for-the-january-march-31358.htm">Zomato reports net profit of Rs 175 crore for the January-March</a>

Meanwhile, Albinder Dhindsa, chief executive officer of Blinkit, said the company has planned to get 2,000 dark stores in the top 10 cities in the country by the end of 2026 for its quick commerce business.

The gross added value throughout per dark store has grown from Rs 6 lakh per store to about Rs 10 lakh, Albinder said. At present, Zomato has a total of 639 dark stores.

Zomato's ad spendings rise by 84% to Rs 340 cr in Q1 FY25

QUICK COMMERCE