Markets fell for a second consecutive day as sharp price swings hit several high-attention names including Kaynes Technology, Swiggy, SpiceJet and Coforge. Selling pressure in IT and auto-linked stocks pulled headline indices lower, amplifying volatility across the session and keeping investors focused on the week’s next catalysts.
Flipkart is preparing a dedicated, standalone app for its quick commerce service, Flipkart Minutes, aiming to strengthen visibility and brand recall beyond the main marketplace. The company plans a pilot launch soon and expects broader rollout before the year ends. The move mirrors competitive tactics seen from players like Swiggy, underscoring a rush to own the quick-delivery user journey.
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Swiggy Food Marketplace CEO Rohit Kapoor argues that delivery partners should be treated as flexible employment rather than “gig work.” He positions the role as a third pillar of the job market, separate from formal employment and entrepreneurship. Kapoor notes that millions have worked on Swiggy’s platform, highlighting the sector’s scale and long-term growth potential.
The National Restaurants Association of India is again clashing with Swiggy and Zomato, this time over their quick-food café formats built around delivery partners that can prepare and serve in as little as 10 minutes. NRAI claims these concepts harm dining standards and local restaurants, while platforms push speed and scale. The next phase could reshape India’s restaurant ecosystem fast.
Deepinder Goyal revealed on the Raj Shamani podcast that Zomato initially resisted Swiggy’s move into last-mile logistics. He said he dismissed the approach for years, convinced the economics were “off” and that the model could never make money. However, customer enthusiasm shifted the reality, leaving Zomato with little choice but to adapt.
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