News From ETtech

More from ETtech

• Swiggy may recover quick commerce share despite widening losses: Morgan Stanley

  Despite ongoing losses, Morgan Stanley is optimistic about Swiggy's quick commerce venture, Instamart, citing a significant rise in gross order value. The brokerage firm anticipates Swiggy's strong financial position will enable it to withstand competition and maintain market share. They also project substantial growth in the quick commerce market by 2030, benefiting companies with existing infrastructure investments.

  

• Rapid fashion delivery gathers pace, but long-term viability in question

  The push towards rapid delivery began with quick commerce platforms like Zepto, Swiggy Instamart and Blinkit expanding the categories of products they deliver. These platforms, which were initially focusing on grocery delivery, partnered with brands like Jockey, Manyavar, Puma and Adidas to offer apparel and accessories, although limited to essentials such as innerwear, socks, gym wear, basic tees and track pants.

  

• Ecommerce’s in-house delivery turn flips third-party logistics biz script

  India's top ecommerce firms like Amazon, Flipkart, and Meesho are internalising logistics, squeezing third-party logistics (3PL) providers and driving industry consolidation. Meesho's shift to its logistics arm Valmo impacts players like Delhivery, which acquired Ecom Express to stay competitive. As pricing pressure eases and Meesho's outsourcing plateaus, Delhivery eyes growth and improved margins in FY26.

  

• Menswear brand Snitch raises USD 40 mn from 360 One Asset, others

  The round was led by 360 ONE Asset, with participation from existing investors IvyCap Ventures and SWC global, along with Ravi Modi Family Office (founder of Manyavar) and other angel investors, who joined in this round.

  

• Good Glamm delays paying salaries again amid cash crunch

  Babita Bharati, who worked as a freelance copywriter for Good Glamm’s portfolio brand The Moms Co in March and April, took to LinkedIn to share screenshots alleging she is yet to receive her full payment of Rs 18,100. “They are waiting for investor funding to clear dues. It just shows how bad things are. Every time I emailed someone, they had already left the company—even my point of contact,” she told ET.

  

• Tata Electronics eyes Malaysia foray via chip fab acquisition

  Malaysia's expertise in assembly, testing, marking and packaging (ATMP) along with its mature ecosystem, abundant skilled workforce, robust supply chain and government support make it a preferred destination, according to analysts. Also, the Malaysian government’s National Semiconductor Strategy, announced in May 2024, offers a significant incentive structure to attract investments.

  

• Pushing value meals and 10-min food delivery to revive growth: Swiggy’s Rohit Kapoor

  As the food delivery market cools, Swiggy is turning to quick meals, affordable combos, and deeper city penetration to stoke demand. In an exclusive interview with ET, Swiggy’s food marketplace CEO Rohit Kapoor said growth will come from low-frequency users and category innovation — not from city expansion.

  

• Furniture retailer Pepperfry raises Rs 43 crore from existing investors

  Pepperfry has secured Rs 43.3 crore in funding from existing investors like Norwest Venture Partners and Goldman Sachs. This infusion follows a previous $23 million round in 2022. While revenue declined in FY24, the company has narrowed its losses and postponed its IPO plans, focusing on growth and profitability amidst competition from major ecommerce players.

  

• Nykaa shares drop despite strong Q4 performance

  Nykaa's parent company, FSN E-commerce, experienced a share decline despite reporting strong Q4 results, including a near doubling of net profit to Rs 19 crore and a 23.6% YoY revenue increase. While the beauty segment thrived, the fashion segment saw muted growth. Brokerages are monitoring the fashion business revival amid intense competition.

  

• BigBasket pilots 10-minute food delivery with Starbucks, Qmin in Bengaluru

  BigBasket has entered the rapid food delivery market, offering a 10-minute service in Bengaluru, featuring items from Starbucks and Qmin. This move follows CEO Hari Menon's announcement of expanding into food delivery by 2025. The rapid food delivery segment is becoming increasingly competitive, with Zepto, Swiggy, and Blinkit also expanding their offerings.

  

• Health-focused food brands clock revenue gains on back of quick commerce, wider reach

  India’s health-focused food brands are seeing strong growth, driven by rising awareness, higher incomes, and quick commerce expansion. Brands like Farmley, The Whole Truth, and SuperYou have posted significant revenue gains. Investor interest has surged, with $65 million raised in the first half of 2025, as demand rises across both urban and smaller markets.