Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. This week brought reassuring signs that dealmaking is still happening on both sides of the table. New unicorns are being minted, and more capital is flowing into […]
Flink, the quick commerce startup, raises another $150M at a valuation of just under $1B
Flink, the quick commerce startup out of Berlin that was an acquisition target first of Gorillas, then Getir, and then Amazon, and then Gopuff, today made a move that spells out how it plans to go forth on its own. The company has confirmed a fresh fundraise of $ 150 million — $ 115 million […]
Myntra bets on 4-hour delivery amid India’s quick commerce boom
Myntra, India’s largest fashion e-commerce platform, is trialling a four-hour delivery service in four Indian cities, two sources familiar with the matter told TechCrunch, a dramatic acceleration from its standard 2-3 day delivery timeframe as the surge of quick commerce reshapes consumer behavior. The Flipkart Group-owned firm is piloting the fast-tracked delivery service in cities […]
Zepto hits $5B valuation as quick commerce heats up in India
Zepto has finalized a $ 340 million round that increases its valuation to $ 5 billion, up from $ 3.6 billion in June, as the startup races to win market share in India’s contested quick commerce market. General Catalyst and Mars Growth Capital are co-leading the Series G round, according to people familiar with the […]
Flipkart blitzes into India’s 10-minute quick commerce battle
India’s fast-growing quick commerce market is getting a new deeply-pocketed entrant: Flipkart, India’s largest e-commerce firm. Flipkart has started to roll out Flipkart Minutes, its quick commerce service, in parts of Bengaluru. The new service offers customers the ability to have a wide-range of items, from grocery to smartphones, delivered to them within 10 minutes. […]