Flipkart may limit its quick commerce expansion to top cities to reduce burn

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Walmart-owned ecommerce giant Flipkart is limiting the expansion of its quick commerce unit, Flipkart Minutes, to the top six to eight cities to rein in costs, according to people familiar with the matter.Flipkart Minutes, which competes with Eternal-owned Blinkit, Swiggy Instamart, Zepto, BigBasket’s BB Now and Amazon Now, is currently present in 14 cities and runs a network of more than 300 so-called dark stores, or mini warehouses. The intent is to scale this up to around 500-550 by October. Flipkart group chief executive Kalyan Krishnamurthy…



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Flipkart may limit its quick commerce expansion to top cities to reduce burn


Walmart-owned ecommerce giant Flipkart is limiting the expansion of its quick commerce unit, Flipkart Minutes, to the top six to eight cities to rein in costs, according to people familiar with the matter.Flipkart Minutes, which competes with Eternal-owned Blinkit, Swiggy Instamart, Zepto, BigBasket’s BB Now and Amazon Now, is currently present in 14 cities and runs a network of more than 300 so-called dark stores, or mini warehouses. The intent is to scale this up to around 500-550 by October. Flipkart group chief executive Kalyan Krishnamurthy…



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.

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