Quick commerce’s burning brighter as players add more fuel
Zomato’s move to raise fresh funds through a qualified institutional placement (QIP) despite sitting on $1.5 billion, or about Rs 12,600 crore, of cash has stirred up an already fired-up quick commerce sector.
While some see it as a move to distract investors away from arch-rival Swiggy’s $1.25-billion IPO scheduled for mid-November, others fear an escalation of cash burn in the quick-commerce space, hurting unit economics, with Zepto too looking to raise fresh capital despite scooping up $1 billion over the past four months.
The slug of capital that will be needed to sustain growth in the high-burn quick commerce sector is resembling the trajectory of ecommerce a decade ago, especially as Zomato’s Blinkit, Swiggy’s Instamart and Zepto diversify into categories like fashion and electronics, said an investor who has been tracking consumer internet companies.
“This (Zomato’s potential QIP) impacts everyone as the signalling is that there will be an incoming price war in the overall quick commerce sector,” the person said.
Artificial Intelligence(AI)
Basics of Generative AI: Unveiling Tomorrow's Innovations
By — Metla Sudha Sekhar, IT Specialist and Developer
Finance
Financial Reporting and Analytics
By — Dr. C.P. Gupta, Professor: Department of Finance and Business Economics, University of Delhi
Finance
AI and Generative AI for Finance
By — Hariom Tatsat, Vice President- Quantitative Analytics at Barclays
Artificial Intelligence(AI)
AI and Analytics based Business Strategy
By — Tanusree De, Managing Director- Accenture
