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The Rise of 10-Minute Food Delivery: India’s Race for Instant Gratification

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The Rise of 10-Minute Food Delivery: India’s Race for Instant Gratification

India’s food delivery market is undergoing a rapid transformation as digital platforms compete to cater to an increasingly impatient consumer base. The latest trend: delivering hot meals, from biryanis to beverages, in under 10 minutes. This shift towards ultra-fast delivery reflects a growing demand for convenience and instant gratification among consumers.

Leading Players and Strategies

Major players like Zomato Ltd., Swiggy Ltd., and newcomers such as Zepto Cafe are at the forefront of this trend, each employing unique strategies to meet the demand for speed.

  • Zomato’s Blinkit unit and Zepto Cafe rely on in-house kitchens to swiftly prepare meals, ensuring that food is fresh and ready for delivery.
  • Swiggy, on the other hand, has partnered with renowned chains like Starbucks and McDonald’s to ensure quick service, leveraging established restaurant networks to fulfill orders rapidly.

From Tradition to Technology

For decades, India’s mom-and-pop stores provided doorstep delivery through local runners. However, technological advancements and the rise of startups like Blinkit and Zepto have disrupted the landscape, offering ultra-fast deliveries of everything from groceries to gadgets. These services have become indispensable for an urban, smartphone-savvy population driven by convenience.

Impulsive Buying and Market Growth

“Quick commerce has changed consumers into more impulsive buyers,” says Karan Taurani, senior vice president at Elara Securities India Pvt. Rapid food delivery has emerged as the next frontier for these platforms, aiming to enhance user experience. The impact is evident in the stock market; since listing, Swiggy shares have surged by 53%, while Zomato’s stock has jumped 133% this year. Analysts view the 10-minute delivery trend as a significant growth opportunity, with India’s online food delivery market expected to more than double to $15 billion by 2029.

Scaling Challenges and Quality Concerns

Despite the enthusiasm surrounding 10-minute deliveries, concerns linger about the quality of food prepared in such a rush. Critics like Shantanu Deshpande, founder of Bombay Shaving Company, have raised alarms over the health implications of relying on ultra-processed meals.

To address these concerns, companies emphasize stringent quality control:

  • Zomato’s Bistro kitchens prepare fresh meals with ingredients sourced from central kitchens.
  • Zepto Cafe enforces high hygiene standards and rigorous staff training to ensure consistency.

Competition Heats Up

Zepto Cafe, which pioneered 10-minute food delivery in 2022, is scaling rapidly with 100 new cafes every month and processing 30,000 daily orders. It now faces stiff competition from:

  • Zomato’s Bistro
  • Swiggy’s Bolt
  • Dash by Ola Consumer
  • Magicpin’s MagicNOW
  • BigBasket’s upcoming service

Swiggy’s Bolt has already captured 5% of its food delivery orders within two months of its launch and is expected to double that share soon. “Consumers just love things faster,” says Rohit Kapoor, Swiggy’s CEO for food marketplaces.

New Entrants

Recent entrants like Ola Dash and Zing are also joining the race:

  • Ola Dash aims to offer 10-minute food delivery services starting from Bengaluru.
  • Zing promises quick deliveries using AI-driven demand forecasting and strategically placed cloud kitchens.

The Road Ahead

The success of ultra-fast food delivery hinges on overcoming logistical challenges, including maintaining delivery times on India’s congested roads and managing limited menus. Yet, service providers remain undeterred, driven by a growing appetite for convenience among Indian consumers.

As the race for 10-minute deliveries intensifies, platforms like Zomato, Swiggy, and Zepto are not only transforming food delivery but also reshaping consumer behavior. The future promises a faster and more dynamic landscape in India’s food service industry.

Conclusion

The rise of 10-minute food delivery services illustrates a significant shift in consumer expectations and market dynamics in India. As companies innovate to meet these demands, they are redefining convenience in the food delivery sector while navigating challenges related to quality and logistics. With increasing competition and evolving consumer preferences, the landscape of food delivery in India is set for further transformation in the coming years.

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2 Comments

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Apple Reportedly to Maintain iOS Support for Older iPhones

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Apple Reportedly to Maintain iOS Support for Older iPhones

Apple is expected to continue supporting all iPhones currently running iOS 18 with the upcoming iOS 19 update, according to a report from the French website iPhoneSoft.fr. If accurate, this would mark the second consecutive year that Apple maintains compatibility for all existing models, providing good news for users with older devices.

Compatibility Details

The report indicates that iOS 19 will be compatible with any iPhone capable of running iOS 18. This includes models dating back to the iPhone XR, XS, and XS Max, which were first released in September 2018. The full list of compatible devices is expected to include:

  • iPhone 17 series (2025 expected)
  • iPhone 16 series (2024)
  • iPhone 15 series (2023)
  • iPhone 14 series (2022)
  • iPhone SE (3rd generation) (2022)
  • iPhone 13 series (2021)
  • iPhone SE (2nd generation) (2020)
  • iPhone 12 series (2020)
  • iPhone 11 series (2019)
  • iPhone XS / XS Max
  • iPhone XR

This extended support allows users to keep their devices longer without missing out on critical updates, aligning with Apple’s strategy of providing longevity to its hardware.

Limitations for Older Devices

While older devices will receive the update, it is important to note that they may not be able to utilize all the new features in iOS 19 due to hardware limitations. This trend follows the pattern established with iOS 18, which maintained compatibility with all models that could run iOS 17 but dropped support for the iPhone 8, iPhone 8 Plus, and iPhone X.

Implications for iPad Users

In contrast to the positive news for iPhone users, the same report suggests that iPadOS 19 will drop support for the iPad 7th generation, released in 2019. However, all other iPads compatible with iPadOS 18 are expected to receive the update. This indicates a more selective approach for iPads compared to iPhones.

Compatible iPads

The following models are expected to support iPadOS 19:

  • iPad Mini (5th generation and newer)
  • iPad (8th generation and newer)
  • iPad Air (3rd generation and newer)
  • iPad Pro (2018 and newer)

Timeline for Release

The first public beta of iOS 19 is anticipated in June 2025 during Apple’s annual Worldwide Developers Conference (WWDC). The final release is likely to follow in September 2025, consistent with Apple’s usual release schedule.

Future Features

Specific features of iOS 19 remain largely unknown at this stage; however, there are rumors suggesting a more conversational Siri experience, akin to ChatGPT, could be introduced in a potential iOS 19.4 update around March 2026. This aligns with Apple’s ongoing efforts to enhance user interaction through AI-driven features.

Conclusion

If the report holds true, Apple’s decision to maintain support for older iPhones with the upcoming iOS 19 update reflects its commitment to customer satisfaction and device longevity. While some limitations may apply regarding feature availability on older models, this strategy allows users to enjoy updates without needing immediate hardware upgrades. As Apple prepares for its next major software release, both iPhone and iPad users will be keenly watching how these developments unfold.

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Netflix India to Challenge Disney+ and JioCinema with WWE Rights

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Netflix India to Challenge Disney+ and JioCinema with WWE Rights

Netflix India is poised to make a significant impact in the Indian sports streaming market by acquiring the exclusive media rights for WWE in a landmark 10-year deal. This strategic move marks a notable shift for the streaming giant, which has largely focused on entertainment content while avoiding sports until now.

Details of the WWE Deal

The WWE deal, valued at $5 billion globally, will enable Netflix to stream flagship shows such as Raw, SmackDown, and NXT starting in April 2025. This transition follows the expiration of WWE’s current contract with Sony Pictures Networks India (SPNI), a long-time partner. While SPNI sought to retain some television rights, Netflix insisted on exclusivity in the Indian market.

Implications for SPNI

The loss of WWE rights represents a significant blow to SPNI, which has relied heavily on sports programming to attract viewers. Although SPNI recently acquired rights for the Asian Cricket Council, replacing WWE’s popularity will pose a substantial challenge.

Competitive Landscape

This move positions Netflix to directly challenge dominant players like Disney+ Hotstar and JioCinema, which currently hold rights to major cricket tournaments such as the Indian Premier League (IPL). WWE has cultivated a loyal following in India over two decades of television broadcasts, but transitioning this audience from traditional TV to a subscription model will be crucial for Netflix’s success.

Market Dynamics

The entry of Netflix into sports streaming aligns with its global strategy to diversify content offerings and engage younger audiences. The company aims to leverage WWE’s strong fanbase to significantly boost its subscriber numbers in India.

Transitioning Audiences

Experts believe that converting WWE’s traditional television audience into subscribers for Netflix will be critical. The partnership is seen as an opportunity for Netflix to enhance its presence in a market where sports content is increasingly valuable.

Historical Context

WWE programming has been broadcasted in India since 2002, primarily through Ten Sports and later through SPNI after acquiring Ten Sports from Zee Entertainment for $385 million in 2016. The collaboration between WWE and SPNI has lasted over two decades, making this transition particularly noteworthy.

Key Takeaways

  • Exclusive Rights Acquisition: Netflix India is acquiring exclusive WWE rights in a landmark 10-year deal.
  • Entry into Sports Streaming: This marks Netflix’s first foray into sports streaming in India.
  • Shift from Traditional TV: WWE will transition from traditional TV broadcasting to exclusive streaming on Netflix.
  • Competitive Challenge: This move directly challenges Disney+ Hotstar and JioCinema’s dominance in Indian sports streaming.
  • SPNI’s Strategic Challenge: SPNI faces significant challenges in replacing WWE content after losing these rights.
  • Subscriber Growth Potential: Netflix aims to boost subscriptions by attracting WWE’s loyal fanbase.

Conclusion

The acquisition of WWE rights represents a pivotal moment for Netflix India as it seeks to establish itself in the competitive sports streaming arena. By leveraging the popularity of WWE and transitioning its audience from traditional television, Netflix aims to enhance its service offerings and significantly increase its subscriber base. As this deal unfolds, it will be essential to monitor how it impacts both Netflix’s growth trajectory and the broader landscape of sports entertainment in India.

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InCred Finance Appoints New CFO, Gears Up for IPO

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InCred Finance Appoints New CFO Gears Up for IPO

InCred Finance, a prominent player in the Indian consumer and MSME lending space, has appointed Gaurav Maheshwari as its new Chief Financial Officer (CFO). Maheshwari brings over 27 years of experience in financial leadership, having held senior positions at Standard Chartered Bank, Altico Capital, and other notable organizations.

This appointment comes at a crucial juncture for InCred Finance as the company prepares for an initial public offering (IPO) scheduled for the last quarter of 2025. The firm aims to raise between ₹4,000 crore and ₹5,000 crore (approximately $471–588 million) through this IPO, which will further fuel its growth and expansion plans.

Focus on Growth and Expansion

Maheshwari’s expertise will be instrumental in driving business growth, enhancing capital efficiency, and strengthening corporate governance as InCred Finance embarks on this new phase. His extensive background in finance will help navigate the complexities of the IPO process and ensure that the company is well-positioned for future success.

Strategic Goals

  • Capital Raising: The funds raised from the IPO are expected to support InCred’s expansion initiatives and strengthen its balance sheet.
  • Market Positioning: By going public, InCred aims to enhance its visibility and credibility in the competitive financial services market.

Strong Financial Performance

InCred Finance has demonstrated robust financial performance in recent years. In the fiscal year 2024, the company recorded a 48% increase in revenue from operations, reaching ₹1,267 crore, while achieving a profit after tax (PAT) of ₹316 crore. This impressive growth underscores the company’s strong business model and operational efficiency.

Assets Under Management

As of FY24, InCred Finance reported assets under management (AUM) worth ₹9,039 crore, reflecting a significant year-on-year increase of 52%. This growth trajectory positions InCred favorably within the Indian lending landscape.

Investor Confidence

Backed by a strong investor base that includes prominent names such as Ranjan Pai, KKR, and the Abu Dhabi Investment Authority, InCred Finance has garnered significant investor confidence. This backing reflects the company’s potential to disrupt the Indian financial services market with its innovative products and services.

Notable Investors

  • KKR holds a 13.4% stake in InCred and is expected to play a crucial role during the IPO process.
  • Other investors include OAKS, Investcorp, Moore Capital, and Elevar Equity.

Looking Ahead

With Gaurav Maheshwari’s appointment as CFO and the upcoming IPO, InCred Finance is well-positioned for continued growth and success in the Indian financial services landscape. The company is focused on enhancing its secured loans business while navigating regulatory challenges in the lending environment.

Future Plans

InCred’s leadership has indicated that they are committed to engaging closely with regulators to ensure compliance while pursuing their growth objectives. The company aims to leverage its strong foundation to expand its product offerings and enhance customer access to credit.

Conclusion

The appointment of Gaurav Maheshwari as CFO marks a pivotal moment for InCred Finance as it gears up for its IPO in late 2025. With strong financial performance, significant investor backing, and a focus on growth strategies, InCred is poised to make a substantial impact on the Indian financial services market. As it prepares for this next chapter, stakeholders will be keenly watching how these developments unfold and contribute to the company’s long-term success.

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