Rapid growth of quick commerce fuels wave of 'enabler' tech startups
quick commerce (Qcomm) ecosystem, sparked by rapid growth of hyperlocal startups, coupled with the entry of new startups, established e-commerce firms, and new-age brands racing to shorten delivery times.
Several early-stage venture firms are actively evaluating investment opportunities in this burgeoning space, ET has learnt.
«There are obviously some overlaps with e-commerce, and hence, some existing enabling technologies can assist quick commerce; however, quick commerce sometimes requires its own enablements,» said Kunal Bahl, cofounder of Titan Capital and AceVector Group, which runs Snapdeal and Unicommerce.
Bahl added that Titan Capital has invested in Blitz, a startup building a third-party dark store network to support quick commerce for brands. Other areas it has evaluated startups include products that allow order management across multiple quick commerce platforms.
Another startup, Gurugram-based Zippee, which recently closed a funding round, enables two-hour and same-day deliveries for more than 140 new-age and established brands such as Frido, Ultrahuman and Haldiram's. The company gives access to dark stores to fulfil orders in a dozen cities including New Delhi, Chennai, Ludhiana and Pune.
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