WE ARE HERE TO TAKE YOU ON A QUICK RIDE THROUGH THE REIGNING QUICK COMMERCE CHANNELS:
BLINKIT
Blinkit, formerly known as Grofers, was founded in 2014 by Albinder Dhindsa, Saurabh Kumar, as a hyperlocal express grocery delivery service.
Claim: The startup promises to deliver anything—from a chilled coke and snacks for a party to a phone charger or even a safety pin—all within 10 minutes.
Funding: The platform has raised a total funding of $630 million so far.
Grofers started building the supply chain technology including big box warehouses and moved to a scheduled delivery model around the end of 2016. The business grew almost eight times over this period of time. Once we had built a good technological backbone, we took on the challenge of enhancing the customer experience from a convenience perspective by providing them express deliveries. This started out as a pilot in Gurgaon towards the second half of 2020. This gave us the belief and confidence to raise the bar even further and become the 10 minute delivery service pan India by the middle of 2021. We evolved ourselves to Blinkit as we know it today. As of now we now operate through approximately 500 dark stores,” said a spokesperson from Blinkit.
SWIGGY INSTAMART
Swiggy was founded in August 2014 by Sriharsha Majety, Nandan Reddy and Rahul Jaimini; its extended arm Swiggy Instamart was launched in August 2020.
This story is from the March 2022 edition of Entrepreneur magazine.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the March 2022 edition of Entrepreneur magazine.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Chords of Success
For Saahil Goel, the deep-rooted passion for playing the guitar dates back to his high school days. Influenced by legends like Pink Floyd, Led Zeppelin, and the Pakistani band Strings, his musical journey mirrors his leadership style-balancing focus, discipline, and a collaborative spirit. Goel feels that playing guitar has enhanced his ability to balance focus and teamwork as a founder of an eCommerce shipping start-up.
IS YOUR RENT TOO DAMN HIGH?
Many small business owners struggle with their rents. Here's what to do.
HOW TO BOUNCE BACK FROM A BAD REVIEW
A one-star review can hurt your ego - and your business. But it's possible to prevent (and remedy!) this scary scenario.
HOW TO HIRE FOR THE FUTURE
Small businesses are struggling to find quality labor. So flip the conversation: Show workers how your business will set them up for opportunity.
You Can Hire Like Netflix
The streaming platform built an incredible team with a strategy called “talent density.” But you don’t need to be a tech giant to do it.
Speedy Growth Killed My Startup
We seemed to be rocking it - lots of press, major partnerships. Then we learned the harsh consequences of overlooking our customers.
Three Pivots to $100 Million
How do you find a working business model? Do it like Rowan-a brand that reinvented itself many times before finally piercing the ear-piercing market.
What Goals Actually Matter?
Some benchmarks are more important than others so what should you really care about? We asked six founders for their hardest-won lessons.
'Only the Strongest Are Going to Survive'
Brian Lee cofounded companies like LegalZoom and ShoeDazzle-and he believes a lot of conventional business wisdom is backward. Sure, it's harder to raise capital. But it's actually cheaper than ever to start a company.
HOW TRUST SAVED KFC
The former CEO of Yum! Brands explains how he turned around a struggling KFC-and the important lesson it offers for anyone in franchising.
