Cracking Pincode, PhonePe’s Second Innings In Quick Commerce

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SUMMARY

Digital payments giant PhonePe relaunched quick commerce venture Pincode last year after splitting from ONDC to venture into quick commerce

Instead of relying on dark stores, Pincode signs up local retail outlets for medicines and various other products it delivers across Bengaluru, Pune, and Mumbai

For IPO-bound PhonePe, resolving the challenges ahead of Pincode continues to be a major task, especially dealing with the losses it has incurred

If groceries can reach your doorstep in 10 minutes, why can’t drugs?



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Cracking Pincode, PhonePe’s Second Innings In Quick Commerce


SUMMARY

Digital payments giant PhonePe relaunched quick commerce venture Pincode last year after splitting from ONDC to venture into quick commerce

Instead of relying on dark stores, Pincode signs up local retail outlets for medicines and various other products it delivers across Bengaluru, Pune, and Mumbai

For IPO-bound PhonePe, resolving the challenges ahead of Pincode continues to be a major task, especially dealing with the losses it has incurred

If groceries can reach your doorstep in 10 minutes, why can’t drugs?



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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