“There are obviously overlapping with electronic commerce, and therefore, certain existing activation technologies can help fast trade; however, fast trade sometimes requires its own skills,” said Kunal Bahl, co -founder of Titan Capital and Acevector Group, which executes Snapdeal and Unicommerce.
Bahl added that Titan Capital has invested in Blitz, a startup creating a network of Dark third stores to support Quick Commerce for Brands. The other areas he has assessed the startups include products that allow orders to manage several fast trade platforms.
Another startup, Zippee, based in Gurugram, which recently closed a financing tour, allows two-hour deliveries and the same day for more than 140 brands of New Age and established such as Frido, Ultrahuman and Haldiram. The company gives access to dark stores to carry out orders in a dozen cities, including New Delhi, Chennai, Ludhiana and Pune.
Other emerging platforms are also starting to offer their services to fast trade startups, which, according to experts, could be difficult. Bahl said that these companies are building for fast trade companies such as Blinkit and Zepto could face challenges because of their technological native nature, adding that “the opportunity lies in the creation of products for brands that manage now orders on various distribution channels. ” A senior executive at One One on the largest fast trade platforms, said that if new participants offer a range of services such as software products as a service (SaaS), logistics and real estate solutions, the Addressable Limited Market From 8 to 9 large companies can take on a Forward.nitin Sharma, Fund Antler partner at first, offered a balanced view of the emergence of these companies. “There are two contrasting angles to explore in this space,” he notes. “On the one hand, the growth of fast trade could soon require its own ecosystem of” catalyst “startups. These startups will help large platforms to evolve through stock management, dark store operations and logistics of the last mile.”
However, Sharma also recognized potential challenges. “The speed with which trade will evolve on non-metro and level I markets remains uncertain.
Take the instance of Dava Ninja, based in Mumbai, which started operations in April to allow pharmacies to deliver medication within 60 minutes. Although it does not have a delivery fleet, it helps local pharmacies to scan by providing an order -based order service, essentially aggregating pharmacies within a locality and routing orders depending on location and inventory data. Its operations are always emerging, with 20 pharmacy partners.
Certainly, companies that support the digitization of KIRANA stores have existed from the pandemic.
Vaibhav Domkundwar, CEO of Better Capital, who supported startups like Slice, M2P and Teachmint, said that his fund had started exploring startups in the faster delivery space three years ago when he invested in Yulu, based in Bengaluru, an electric supplier at low speed at low speed two -wheel services.
“In the past 18 months, it has become clear that fast trade has great potential to succeed in India despite its failures on many other world markets. Once we have realized that fast trade was there to stay, we have moved our goal of “what else will be built around ‘and identified vertical fast trade as a promising opportunity,” said Domkundwar.
To take advantage of the trend, Better Capital led $ 300,000 in a round of Slikk funding, a Gen Z application offering a delivery of 60 -minute clothes.
As businesses extend their product categories in areas such as luggage, fashion, toys and electronics, large electronic commerce companies accelerate their delivery times to meet evolutionary expectations consumers.
For example, the beauty retailer Nykaa has increased its express delivery service in major cities, while Amazon extends its delivery network the same day to execute orders for members prevails faster. Bigbasket, owned by Tata, should rotate entirely with a delivery of 10 to 30 minutes, as reported and in August, and the fast trade service of Flipkart “ `minutes ” was put online in Bengaluru the same month.
The electronic commerce catalysts established as a unicommerce have reinforced capacities which allow brands to simplify sale via fast trade. Third -party logistics suppliers such as Delhivery and Xpressbees also extend their services to support fast trade startups, as reported and in June. This will make the market increasingly competitive for new players.