Connect with us

Latest News

Blinkit Launches 10-Minute Returns and Exchanges for Clothing and Footwear!

Published

on

Blinkit Launches 10-Minute Returns and Exchanges for Clothing and Footwear!,Startup Stories India,Latest Technology News and Updates,2024 Technology News,Tech News,Blinkit returns policy,10-minute returns Blinkit,Blinkit clothing exchange,fast returns service,Blinkit footwear returns,online shopping convenience,instant returns India,Blinkit shopping experience,e-commerce return policies,quick exchanges for fashion,Blinkit rolls out 10-min return service for clothes,Blinkit introduces 10 minute return and exchange feature,Blinkit introduces 10 minutes return,CEO Albinder Dhindsa,Blinkit CEO Albinder Dhindsa,Blinkit,Blinkit New Update,Blinkit Launces Return And Exchange

Blinkit, known for pioneering 10-minute grocery delivery, has now extended its rapid service model to returns and exchanges. The company has introduced 10-minute returns and exchanges for categories like clothing and footwear, aiming to resolve size or fit-related issues quickly and effortlessly for customers.

10-Minute Returns and Exchanges Now Live in Major Cities

After a successful pilot in Delhi-NCR, Blinkit has launched this feature across major cities, including Mumbai, Bangalore, Hyderabad, and Pune. More locations are expected to follow soon.

CEO Announcement

CEO Albinder Dhindsa announced the new feature on social media, stating:

“The cool part—return or exchange will happen within 10 minutes of raising a request! We’ve been testing this in Delhi-NCR and have now enabled it for Mumbai, Bangalore, Hyderabad, and Pune.”

This service aims to address “size anxiety,” a common issue for customers shopping online, offering them greater convenience and confidence when purchasing clothes and shoes.

New GST Invoicing Feature for Business Customers

In addition to its instant returns, Blinkit has also introduced a GST invoicing feature targeted at businesses making high-value purchases. This update allows companies to add their GSTIN (Goods and Services Tax Identification Number) during checkout and claim input credits of up to 28% on eligible products, such as electronics.

How the GST Invoicing Feature Works:

  1. Add GSTIN: During checkout, customers can select the “Add GSTIN” option within the Blinkit app.
  2. Generate Invoice: Once the GSTIN is added, a GST-compliant invoice is automatically generated.
  3. Claim Input Credit: Businesses can use the invoice to claim input credits of up to 28%, depending on the product category.

Dhindsa emphasized the importance of this feature for businesses, especially those making bulk or high-value purchases, by helping them reduce costs through tax credits.

Competitive Landscape

With these new offerings, Blinkit is solidifying its reputation for speed, innovation, and customer-centric solutions, catering to both individual shoppers and business customers alike. The introduction of 10-minute returns positions Blinkit in direct competition with traditional e-commerce platforms that often have longer return timelines.

Market Trends

The quick commerce sector is rapidly evolving, with players like Blinkit expanding their offerings beyond groceries to include apparel and electronics. This trend reflects a broader shift in consumer expectations for faster service across all categories. As quick commerce platforms diversify their product ranges, they are increasingly blurring the lines with traditional e-commerce.

Conclusion

Blinkit’s introduction of 10-minute returns and a GST invoicing feature marks a significant advancement in customer service within the quick commerce space. By addressing common pain points like size anxiety and providing valuable tax benefits for businesses, Blinkit enhances its appeal to a wide range of consumers.

As the company continues to innovate and expand its services, it is poised to capture a larger share of the market while setting new standards for speed and convenience in online shopping. With plans for further expansion into additional cities and categories, Blinkit is well-positioned to lead the charge in transforming how consumers shop online.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Piyush Anchliya Joins Cashfree Payments as CFO Amid Expansion in India’s Fintech Sector

Published

on

Cashfree Payment - StartupStories

Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

Continue Reading

Latest News

Flipkart’s Jeyandran Venugopal Likely to Join Reliance Retail as CEO

Published

on

Flipkart - StartupStories

Jeyandran Venugopal, the outgoing Chief Product and Technology Officer of Flipkart, is set to become the CEO of Reliance Retail Ventures (RRV), the retail arm of Reliance Industries. His appointment, expected to be finalized in May after his exit from Flipkart, signals Reliance’s push to strengthen its retail business with a technology-first approach.

Venugopal brings extensive experience from leading roles at Flipkart, Myntra, Yahoo, Snapdeal, and Amazon, where he focused on scaling technology platforms and driving innovation. At Flipkart, he managed product, engineering, data science, and more, helping build robust systems and improve user experience.

His move comes as Reliance Retail undergoes transformation, including cost-cutting and a renewed focus on digital growth. Venugopal’s leadership is expected to accelerate Reliance’s ambitions in omnichannel and tech-driven retail, positioning the company for continued dominance in India’s evolving market.

Continue Reading

Latest News

Delhivery’s Acquisition of Ecom Express: A Major Consolidation in Indian Logistics

Published

on

Delhivery’s Acquisition of Ecom Express: A Major Consolidation in Indian Logistics,Startup News,Startup Stories 2025,Startup Stories India,Startup Latest News,Startup Story,Delhivery,Delhivery’s Acquisition of Ecom Express,Indian Logistics,Stock Market News,Stock Market,Indian Stock Market,Ecom Express,Delhivery Acquires Controlling Stake In Ecom Express,Delhivery's ₹1407-crore Acquisition Of Ecom Express,Ecom Express Acquisition,Delhivery To Acquire Ecom Express,India's Logistics Landscape,Logistics Acquisition,E-commerce Logistics,Indian Logistics Market,Delivery Infrastructure,Logistics Technology,Supply Chain Consolidation,Acquisitions,Stock Market Updates,Business News,Business News Today,Share Market Today,Delhivery Share Price,Delhivery Share,Delhivery Share News,Delhivery IPO,Delhivery Stock News,Delhivery Stock Market,Delhivery New Acquistion

Delhivery, one of India’s leading logistics companies, has announced its acquisition of Ecom Express in an all-cash deal valued at ₹1,407 crore. This strategic move marks one of the largest consolidations in the logistics sector and is expected to enhance Delhivery’s scale, profitability, and operational efficiency.

Background

Ecom Express, founded in 2012 and headquartered in Gurugram, has faced significant financial challenges recently. The company canceled its IPO plans in 2024 and laid off hundreds of employees due to operational setbacks, including losing a major client, Meesho, which shifted to its in-house logistics service Valmo. These struggles led to a distressed sale, with private equity investors like Warburg Pincus and Partners Group exiting their stakes entirely.

Strategic Benefits for Delhivery

  1. Enhanced Scale: The acquisition will strengthen Delhivery’s network reach and infrastructure, enabling better service delivery across India.
  2. Operational Synergies: Combining operations with Ecom Express will improve efficiency and reduce costs through economies of scale.
  3. Competitive Edge: With Ecom Express as a subsidiary, Delhivery solidifies its leadership position in the logistics space by offering broader coverage and faster services.

Challenges Addressed

The acquisition mitigates risks from Ecom Express’ financial struggles while addressing past disputes between the two companies over inflated shipment volumes reported by Ecom Express during IPO filings.

Future Outlook

The deal is expected to close within six months after regulatory approval from the Competition Commission of India (CCI). Post-acquisition, Ecom Express will operate as a subsidiary of Delhivery, unlocking new growth opportunities such as advanced logistics technology integration and expanded customer reach.

With ₹5,488 crore in cash reserves as of September 2024, Delhivery is well-positioned to finance this acquisition without compromising financial stability. This move underscores Delhivery’s commitment to innovation and efficiency in India’s rapidly evolving logistics landscape.

Continue Reading
Advertisement

Recent Posts

Advertisement