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Amazon to Launch 15-Minute Delivery Service, Targets 20 Lakh Jobs in India!

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Amazon to Launch 15-Minute Delivery Service, Targets 20 Lakh Jobs in India!

Quick Commerce Push

  • Service Launch: Amazon India is set to introduce a 15-minute delivery service called Amazon Tez, marking its entry into the fast-paced quick commerce sector.
  • Competition: This initiative aims to compete with established players like Blinkit and Zepto, which have already made significant inroads in offering rapid delivery of essential goods.
  • Initial Rollout: The service will initially launch in selected locations, starting with a pilot program in Bengaluru, before gradually expanding its reach to other urban areas across India.
  • Customer Demand: Samir Kumar, Country Manager of Amazon India, emphasized the growing consumer demand for quick deliveries, stating that people appreciate the convenience of having essentials delivered right to their doorstep within minutes. This shift in consumer behavior reflects a broader trend toward faster service and immediate gratification in shopping.

Job Creation Initiative

    • Job Creation Goal: In addition to its quick commerce push, Amazon India has reaffirmed its commitment to job creation, aiming to create 20 lakh (2 million) direct and indirect jobs by 2025.
  • Key Initiatives:
    • Expanding Seller Network: Amazon plans to empower small and medium businesses to sell online, thus integrating them into the digital economy and expanding its seller base.
    • Building a Robust Logistics Network: The company is focused on creating jobs in warehousing, transportation, and delivery services to support the new quick commerce model. This includes enhancing its logistics infrastructure to ensure timely deliveries.
    • Investing in Technology and Innovation: By investing in technology and training programs, Amazon aims to drive job growth in the tech sector, equipping workers with necessary skills for the evolving digital landscape.

Competitive Landscape

  • Market Potential: The quick commerce sector in India is estimated to be worth around $6 billion, driven by increasing consumer adoption of app-based grocery shopping and the demand for fast delivery services.
  • Intensifying Competition: Amazon’s entry into quick commerce is expected to heighten competition among existing players like Blinkit, Zepto, and Swiggy Instamart. The presence of multiple players in this space is likely to lead to innovations in service offerings and pricing strategies.

Summary

Amazon’s strategic initiatives reflect its commitment to innovation, customer convenience, and significant job creation in India. As it prepares to launch its 15-minute delivery service, the company is poised to disrupt current market dynamics within the quick commerce space. By combining rapid delivery with a robust job creation plan, Amazon aims not only to capture market share but also to contribute positively to India’s economy through employment opportunities. This dual focus on service enhancement and job creation positions Amazon as a key player in shaping the future of retail in India.

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    December 29, 2024 at 4:52 am

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Startup News

Indian Healthtech Startup Dozee Raises $8 Million to Revolutionize Healthcare with Innovative Technology

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Indian Healthtech Startup Dozee Raises $8 Million to Revolutionize Healthcare with Innovative Technology

Dozee, an Indian healthtech startup focused on remote patient monitoring, has raised $8 million in its latest funding round to boost its global expansion. This significant investment will help the company enhance its presence in both domestic and international markets.

 

Funding Overview

The funding attracted a mix of existing and new investors, including Prime Venture Partners, 3one4 Capital, and the State Bank of India. The capital will primarily be used to expand Dozee’s reach to hospitals worldwide and strengthen its research and development efforts. CEO Mudit Dandwate highlighted the funding’s role in improving critical care facilities globally while promoting Indian-made products.

Innovative Solutions

 

Dozee is recognized for its Contactless Vital Signs Measurement System, which allows healthcare providers to monitor patients’ vital signs without direct contact. This technology has been implemented in over 380 hospitals across India, significantly reducing the workload on nursing staff and saving valuable time.

The company’s AI-powered Early Warning System (EWS) can predict patient deterioration up to 16 hours in advance, enabling timely medical interventions that could save lives.

 

Global Expansion Plans

Dozee aims to tap into over 2,000 hospitals across more than 100 districts in India within the next two years as part of its expansion strategy. The company is also looking to enter new international markets while adapting its technology to meet various regulatory standards.

With this funding, Dozee is set to make substantial progress in the healthtech sector, aligning with global trends towards more efficient healthcare solutions and positioning itself as a leader in remote patient monitoring.

 

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Zepto Prepares for IPO with $250 Million Secondary Share Sale to Boost Domestic Investor Ownership

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Zepto Prepares for IPO with $250 Million Secondary Share Sale to Boost Domestic Investor Ownership

Zepto, the Bengaluru-based quick commerce startup, is preparing for its initial public offering (IPO) by facilitating a secondary share sale worth up to $250 million. This strategic move aims to increase Indian investor ownership from approximately 33% to nearly 50% before the anticipated public listing later this year or early next year.

Funding and Investor Details

The secondary sale will involve private equity firms, including Motilal Oswal Financial Services and Edelweiss Financial Services, allowing existing investors and employees to liquidate their shares. Although Zepto will not raise additional capital through this transaction, it is expected to execute the sale at a valuation of just over $5 billion, consistent with its last funding round in November 2024.

Objectives Behind the Sale

The primary goal of this secondary share sale is to enhance domestic ownership in Zepto, aligning with regulatory preferences and making the IPO more attractive to local institutional investors. Co-founders Aadit Palicha and Kaivalya Vohra currently hold about 20% of the company, and increasing Indian shareholder stakes is seen as a way to strengthen governance and influence over the company’s future direction.

Market Context

Zepto operates in India’s competitive grocery delivery market, facing challenges from established players like Amazon India, Swiggy, Zomato, and BigBasket. Founded in 2021 by Palicha and Vohra after they dropped out of Stanford University, Zepto has quickly gained traction in the quick commerce sector.

Conclusion

As Zepto approaches its IPO, this secondary share sale represents a crucial step in solidifying its position in the Indian market. By boosting domestic investor participation, Zepto aims to enhance its credibility and appeal as it prepares for a public listing amidst a wave of Indian startups entering the stock market.

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Startup News

Vanguard Group Invests INR 129 Crore in CarTrade, Signaling Confidence in India’s Digital Automotive Sector

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Vanguard Group Invests INR 129 Crore in CarTrade, Signaling Confidence in India's Digital Automotive Sector

Global investment management firm Vanguard Group has made a notable entry into the Indian stock market by acquiring shares of CarTrade Tech Ltd., an online auto-classifieds platform, valued at approximately INR 129 crore. This marks Vanguard’s first investment in CarTrade, highlighting its growing interest in India’s digital automotive sector.

Acquisition Details

On March 21, 2025, Vanguard purchased 7.13 lakh shares of CarTrade through bulk deals, at an average price of INR 1,804 per share. The acquisition included 3.3 lakh shares bought by the Vanguard Emerging Markets Stock Index Fund and 3.83 lakh shares by the Vanguard Total International Stock Index Fund, totaling an investment of INR 128.77 crore.

CarTrade’s Strong Performance

This acquisition coincides with a positive trend for CarTrade, whose shares have surged approximately 19.05% year-to-date, even as broader Indian equities faced corrections. The company’s recent financial results showed a net profit of INR 45.53 crore for Q3 FY25, a significant turnaround from a loss of INR 23.55 crore in the same quarter last year.

Market Context

Vanguard’s investment reflects a broader trend among institutional investors capitalizing on rising stock prices in the Indian market. As CarTrade continues to demonstrate robust growth, it is likely to attract further interest from both domestic and international investors looking to capitalize on India’s evolving tech landscape.

In summary, Vanguard Group’s strategic acquisition of CarTrade shares underscores its commitment to investing in India’s burgeoning digital economy and confidence in the company’s future growth prospects.

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