Ola, Porter, Uber, Dunzo score poorly on fairness ratings by Gig workers; BigBasket highest
Key findings reveal Bigbasket, Flipkart, and Urban Company are the only platforms with a minimum wage policy
Key findings reveal Bigbasket, Flipkart, and Urban Company are the only platforms with a minimum wage policy
Most leading Q-commerce players have a negative EBITDA, while offline grocers have a positive EBITDA of 5 to 8%, says McKinsey
Quick commerce players offer the lowest discounts due to their focus on convenience.
According to a recent report by Nuvama Institutional Equities Research, 10% of HUL's ice cream sales in Q2 of FY23 came from quick commerce.
In minimum standards of fair work, Urban Company scored the highest 7 out of 10, followed by Bigbasket, Flipkart, Swiggy and Zomato.
Dunzo CEO and co-founder, Kabeer Biswas claims that he has doubled his unit economics and margin growth in the past few months.
New players like Zepto along with biggies such as Blinkit, Swiggy and Dunzo are ramping up operations with micro warehouses and under 30-minute deliveries. Will their gamble work?
Dunzo has raised $240 million in fresh funding led by Reliance Retail Ventures as it looks to bolster its quick commerce play.
The one thing that is being missed about the Indian economy is that digitisation has unleashed a direct-to-consumer revolution.
With Covid-19 second wave leading to lockdowns across several Indian states, the delivery of essential goods was the need of the hour. And Dunzo emerged as one of the pre-eminent options.