INDIA QUICK COMMERCE
Would welcome this new tone with a "spirit of caution": Shashi Tharoor on PM Modi's response to Trump's remarks
Shashi Tharoor commented on India-US relations after President Trump's statements. He emphasized the need for repair work by both governments. Tharoor cautioned against quickly forgiving Trump's actions due to the consequences faced by Indians. He addressed tariffs and perceived insults. Tharoor defended India's mature approach to trade with Russia.
Urban Company GMP doubles since IPO announcement despite some concerns. What's driving the buzz?
Urban Company's IPO is generating significant buzz, reflected in a soaring grey market premium indicating potential listing gains. Despite seemingly high valuations, investors are drawn to the company's strong financials, brand recognition, and the growth potential of the underpenetrated home services market. The IPO opens on September 10, presenting an opportunity for long-term investors.
Kiranas, distributors turn lean as countdown to September 22 begins
Neighborhood grocers and quick commerce platforms are limiting supplies from companies. They want to avoid unsold stock before the new GST rules. Companies are shortening supply cycles to stores. Prices of large packs will decrease after GST 2.0. Smaller packs will offer more quantity. Traditional traders lack the capacity for discounts.
Quick commerce to hike festive workforce by up to 60%
Quick-commerce firms in India plan to increase temporary staff by up to 60% for the festive season. Redseer estimates quick commerce deliveries will double to 10% of total e-commerce. Flipkart, Amazon, Blinkit, Swiggy Instamart, and Zepto are preparing for Diwali. Around 80,000 to 100,000 workers will be hired. Tier 2 cities are also ramping up fast.
Monsoon showers push e-comm orders up, raise partner payouts
E-commerce platforms in India are experiencing a surge in orders due to prolonged monsoon rains, with deliveries increasing by over 10%. Companies like BigBasket and Flipkart are seeing significant order spikes in cities like Mumbai and Delhi NCR, driven by professionals working from home.
Britannia expects half of its sales from rural markets in next 3-4 years: Varun Berry
Britannia aims for half its domestic sales from rural markets in 3–4 years, up from 40% now, said Vice Chairman & MD Varun Berry. The company is expanding direct distribution to small villages for steady product availability. Rural sales are outpacing urban, where consumption faces cost pressures. Britannia directly covers 3 million outlets, adding 1 lakh annually.
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Swiggy Instamart to launch Quick India Movement festive sale on September 19
Swiggy Instamart's 'Quick India Movement' sale, offering 50-90% discounts on over 50,000 products, will run from September 19-28, preceding Amazon and Flipkart's festive sales. The sale includes electronics, beauty, and more, featuring brands like Apple, OnePlus, and L'Oréal.
GST reforms most positive for footwear, quick restros, FMCG, grocery retailers: Report
Bernstein reports that GST rate cuts will likely boost India's consumption. Footwear, QSRs, FMCG, and grocery retailers may benefit. Personal and home care items see GST reduction. Apparel and footwear GST is rationalized. QSRs may experience improved gross margins. The GST Council approved these cuts, effective September 22. This aims to reduce tax burden and stimulate economic growth.
Food delivery sector will surpass 20% growth over the next two to four quarters: Report
According to the report, food delivery growth has decelerated in recent quarters, with gross order value (GOV) growth easing from 19-20% in FY24 to 18% in FY25 for food delivery aggregators Zomato and Swiggy.
E-commerce marketplaces & quick commerce platforms reap gains from heavy monsoon rains
Heavy monsoon rains are boosting e-commerce in India. Online orders have increased as people stay indoors. BigBasket and Flipkart see order surges in cities like Mumbai and Delhi. Delivery partners earn more with weather incentives. Logistics providers like Zippee and Celcius are expanding to meet rising demand. Companies are compensating riders for delivering in difficult conditions.
ETtech Explainer: Why food delivery, ecomm firms are hiking platform fees ahead of festive season
Swiggy, Zomato, and Myntra are increasing platform fees ahead of the festive season to offset rising operational costs and boost margins. Swiggy's fee is now Rs 15, while Zomato's is Rs 12. Myntra has increased its fee to Rs 25. These hikes are timed to coincide with peak spending periods, when customers are more likely to absorb the additional charges.
Urban Company IPO payday; Side effects of CBD wellness rush
Happy Thursday! Urban Company investors look at lucrative returns as the unicorn gets ready to list. This and more in today’s ETtech Morning Dispatch.
Zomato, Swiggy, Blinkit delivery fees to face 18% GST. What it means for investors
India’s food delivery and quick commerce firms face higher costs after the GST Council brought delivery fees under Section 9(5) of the CGST Act, making them liable for 18% GST. Analysts estimate this could raise costs by Rs 2 per Zomato order and Rs 2.6 for Swiggy, pressuring margins as the sector remains a key driver of India’s digital economy.
You will make 12-15% CAGR but don’t invest for 5-6 month horizons: Raamdeo Agrawal
Raamdeo Agrawal of Motilal Oswal Financial Services advises long-term investment in Indian equities, projecting 12-15% annual growth. He cautions against short-term expectations and suggests staggered investments amid market volatility. Agrawal urges GST rationalization and opening tourism and education sectors for economic stimulus.
Former Flipkart exec’s quick comm startup FirstClub raises $23 million; valuation jumps to $120 million
The company plans to deploy the funds towards opening new dark stores in Bengaluru, rolling out formats like cafes and daily subscriptions, expanding into new categories, hiring talent, and investing in brand building.
GST Council slashes tax on personal-care items like shampoo, toothpaste, hair oil to 5%
The GST Council has agreed to reduce the tax rate on essential personal care items like hair oil, toothpaste, and shampoo from 18% to 5%, benefiting consumers and companies like Hindustan Unilever and Godrej Industries. This move, part of the broader GST 2.
Promoters selling, retail investors buying. Who's right? Raamdeo Agrawal answers
Despite Indian promoters offloading record shares, retail investors remain bullish, says Raamdeo Agrawal. Promoter shareholding fell to an eight-year low, while domestic institutional investors' share rose to a record high, surpassing foreign investors. Agrawal likens the market to expensive Mumbai property, advising investors to accept slightly higher prices for long-term growth.
Raamdeo Agrawal advocates for bold reforms in India amid US tariff challenges
Raamdeo Agrawal advocates for bold reforms by the government. He notes the current market dynamics of promoters selling and retail investors buying. Agrawal sees opportunities despite pricey valuations, advising investors to buy and hold for long-term growth. He cautions against the risks of investing in unlisted companies. He suggests a SIP approach for lump sum investments.
Festive season: Quick commerce to ramp up temp workforce by 40–60%
Quick-commerce platforms are gearing up for a significant surge in demand this festive season, projecting a 40-60% increase in temporary workforce. This expansion aims to manage the expected doubling of quick commerce deliveries, potentially reaching 10% of the total e-commerce market.
Festive sales hit by GST uncertainty: Retailers, automakers brace for surge
Consumer firms and retailers face uncertainty due to delayed GST rate revisions coinciding with the festive season and Shraddh period, impacting purchase decisions. Auto companies urge the government to expedite notification of revised rates to avoid stalled sales before Navratri. Companies are preparing for a potential demand surge by adjusting supply chains and inventory management.
DTDC Express expects e-commerce vertical to account for around 50 pc of total business
DTDC Express anticipates its e-commerce segment to constitute approximately 50% of its total business, driven by the increasing demand for rapid commerce. The company plans to establish 125 dark stores within the next three quarters to meet customer expectations for faster deliveries. DTDC is also investing heavily in technology and innovation to support its growth in the express industry.
DTDC Express expects ecommerce vertical to account for around 50% of total biz
The company which officially launched its rapid commerce vertical Raftaar earlier this month to offer deliveries as fast as 4-6 hours time, also plans to set up 125 dark stores in the next three quarters to cater to the customers' expectations, DTDC Express CEO Abhishek Chakraborty told PTI.
Online shoppers press pause button ahead of GST changes; festivities to boost sales: Analysts
Anticipation of upcoming GST reforms has led e-shoppers to delay purchases, particularly in electronics and appliances, expecting lower tax rates. Analysts say this temporary dip will reverse with festive demand. The proposed two-rate GST system is expected to boost affordability, spur consumption, and drive a strong rebound in e-commerce sales.
E-commerce platforms ramp up seasonal hiring ahead of festivities, create over 3.8 lakh jobs
Indian e-commerce companies prepare for increased sales. Flipkart, Amazon, and Myntra create over 3.8 lakh seasonal jobs. These jobs span supply chain, logistics, and customer service. Flipkart adds delivery hubs in tier-2 and 3 cities. Amazon launches and expands fulfillment centers. Myntra generates new job opportunities through its partners. Hiring increases in tier-2 cities like Jaipur and Coimbatore.
Measures soon to boost exports; Govt committed to shield industry from unilateral actions: Piyush Goyal
Commerce and Industry Minister Piyush Goyal announced upcoming measures to boost exports and domestic consumption, assuring support against unilateral tariffs, particularly the recent US imposition. The government is exploring alternative markets and anticipates the GST Council meeting will stimulate domestic manufacturing. Goyal emphasized India's self-reliance and determination to exceed last year's export figures, urging businesses to seize global opportunities.
Festive fireworks ahead for ecommerce firms with season sales to rise 27%
Indian e-commerce marketplaces and online retailers anticipate a record-breaking festive season, projecting sales of Rs 1.2 lakh crore, a 27% increase from last year. Quick commerce is set to account for over Rs 14,000 crore of this estimate. This resurgence comes on the back of consumer sentiment in urban India turning positive after three years of slower growth.
Valuations frothy, but growth still worth paying for: Amish Shah
Amish Shah tells ET Now that while Indian market valuations look frothy, growth visibility still commands a premium. He stays bullish on defence, shipbuilding, power transformers, hospitals, and quick commerce, while advising caution on cement, e-commerce, and global pharma amid slowing capex and smidcap underperformance.
Indian digital advertising market to grow at 15% annually: Bain & Company report
Per the global management consulting firm, this growth between 2024 and 2029 will be driven by consumption growth, the emergence of new media avenues, and wider internet usage. The report said that, from spending the majority of their digital advertising budgets on Google and Meta, brands are now diversifying to news apps, OTT and ecommerce platforms, quick commerce apps, and gaming apps.
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