Amid the rising popularity of quick deliveries, Zomato’s B2B supply arm Hyperpure has launched ‘Express’ delivery service.
As per Hyperpure’s app, the express delivery service will be available from 8 AM to 4 PM. It will be offered alongside Hyperpure’s standard next-day delivery at INR 99 fee.
The delivery time for the express service will be from 30 minutes to 4 hours, with the products offered at a premium price compared to the standard delivery option.
The development was first reported by The Economic Times.
The Hyperpure vertical supplies products to restaurants and other B2B buyers in the HoReCa (hotels, restaurants & caterers) category. The product offerings include fresh groceries, fruits and vegetables, poultry, meat and seafood, gourmet food, among others.
Additionally, it provides end-to-end fourth party logistics warehousing and supply chain services for restaurants, including procurement, warehousing and final supply at the restaurants.
The updates come close on the heels of Zomato
filing for its INR 8,500 Cr qualified institutional placement (QIP).
For the same, the company has set up a floor price of INR 265.91 per share. It may offer a discount of up to 5% on the floor price as well.
Notably, the QIP issue is expected to see participation from qualified institutional investors in India, as well as Europe and the US. The bidders will feature alternate investment funds registered with SEBI, eligible FPIs, mutual funds registered with SEBI, venture capital (VC) funds registered with SEBI, foreign VC investors, among others.
