Flipkart’s Q-Commerce Vertical Minutes To Out Run Rivals In Non-Metros: Drools’ Shashank Sinha

Share via:


SUMMARY

The pet food brand’s CEO predicts that Flipkart’s Minutes can outdo other quick commerce players in smaller towns and cities

Sinha confirmed that the brand has onboarded Flipkart’s quick commerce arm even though its services are currently restricted to parts of Bengaluru

Even as Drools wants to capture the full potential of the quick commerce wave, its CEO confirmed that the company conducts 60% of its operations through the offline medium

Speaking during a session on “D2C Brands’ Playbook To Marketplace Success” at Inc42’s D2C Summit, pet food brand Drools’ CEO Shashank Sinha made a prediction that Flipkart’s quick commerce offering, Flipkart’s Minutes, has the potential to outdo other quick commerce players in smaller towns and cities. 

It is on the back of this hunch that the D2C brand has been quick to list on the platform. Pertinent to mention that Flipkart’s quick commerce service is currently only live in Bengaluru.

Even as Drools wants to capture the full potential of the quick commerce wave, its CEO confirmed that the company conducts 60% of its operations through the offline medium. 

He added that the company currently operates close to 43,000 stores across the country and has tie ups with 600 distributors.

Meanwhile, highlighting how critical the non-metro market is for D2C players, Libas’ founder and CEO Sidhant Keshwani said that the share of Tier II and III cities in online businesses has doubled to 50% in the last 5-6 years.

It is this opportunity that giants like Flipkart want to cash in on. Notably, Flipkart has been focussed on expanding its reach in non-metro cities for some time now. 

Earlier this year, the company rolled out the same-day delivery services for multiple products across 20 Indian cities, including Ahmedabad, Bengaluru, Bhubaneswar, Coimbatore, Chennai, Delhi, Guwahati, Hyderabad and Indore among others.

Vital to highlight here that popular players like Blinkit, Zepto and Instamart have yet to penetrate deeper into the aforementioned markets. Since the metro city market sees limited modern retail revenue share, these players target top 10 Indian cities, including Delhi NCR, Mumbai, Bengaluru, Chennai and Kolkata. 

Earlier, Zepto’s cofounder and CEO Aadit Palicha said that India’s top 40 cities provide enough headroom for Zepto and the ilk to grow





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Flipkart’s Q-Commerce Vertical Minutes To Out Run Rivals In Non-Metros: Drools’ Shashank Sinha


SUMMARY

The pet food brand’s CEO predicts that Flipkart’s Minutes can outdo other quick commerce players in smaller towns and cities

Sinha confirmed that the brand has onboarded Flipkart’s quick commerce arm even though its services are currently restricted to parts of Bengaluru

Even as Drools wants to capture the full potential of the quick commerce wave, its CEO confirmed that the company conducts 60% of its operations through the offline medium

Speaking during a session on “D2C Brands’ Playbook To Marketplace Success” at Inc42’s D2C Summit, pet food brand Drools’ CEO Shashank Sinha made a prediction that Flipkart’s quick commerce offering, Flipkart’s Minutes, has the potential to outdo other quick commerce players in smaller towns and cities. 

It is on the back of this hunch that the D2C brand has been quick to list on the platform. Pertinent to mention that Flipkart’s quick commerce service is currently only live in Bengaluru.

Even as Drools wants to capture the full potential of the quick commerce wave, its CEO confirmed that the company conducts 60% of its operations through the offline medium. 

He added that the company currently operates close to 43,000 stores across the country and has tie ups with 600 distributors.

Meanwhile, highlighting how critical the non-metro market is for D2C players, Libas’ founder and CEO Sidhant Keshwani said that the share of Tier II and III cities in online businesses has doubled to 50% in the last 5-6 years.

It is this opportunity that giants like Flipkart want to cash in on. Notably, Flipkart has been focussed on expanding its reach in non-metro cities for some time now. 

Earlier this year, the company rolled out the same-day delivery services for multiple products across 20 Indian cities, including Ahmedabad, Bengaluru, Bhubaneswar, Coimbatore, Chennai, Delhi, Guwahati, Hyderabad and Indore among others.

Vital to highlight here that popular players like Blinkit, Zepto and Instamart have yet to penetrate deeper into the aforementioned markets. Since the metro city market sees limited modern retail revenue share, these players target top 10 Indian cities, including Delhi NCR, Mumbai, Bengaluru, Chennai and Kolkata. 

Earlier, Zepto’s cofounder and CEO Aadit Palicha said that India’s top 40 cities provide enough headroom for Zepto and the ilk to grow





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Real value in AI will be to create products...

While foundational AI models built by the large...

Conversational AI startups hear sound of money as demand...

Indian voice artificial intelligence startups are seeing rising...

Coinbase Derivatives lists XRP futures

Coinbase has listed futures contracts for the XRP...

Popular

Upcoming Events

PhonePe’s Pincode Pilots 10-Minute Medicine Delivery

SUMMARY The service is currently available in Bengaluru, Pune...

Delhi HC Issues Notice To CCI, Company

SUMMARY The HC bench, led by Justice Sachin Datta,...

Big banks, conglomerates rule over Thailand’s fintech map

Some independent fintech players have turned to blockchain...
GdfFD GFD GFD GFD GFD GFD GFD