Walmart-owned Flipkart is getting ready to launch a standalone app for its fast commerce service, Flipkart Minutes, because it seems to strengthen its place in India’s fast-growing supply market.
The service, which is at present obtainable as a tab inside the primary Flipkart app, may very well be spun out right into a separate platform in time for the corporate’s flagship Huge Billion Days sale later this 12 months, in line with the Financial Occasions report.
Flipkart launched Minutes in September 2024 and has quickly scaled its operations. The corporate had between 750 and 800 darkish shops as of March and is including about 100 new websites every month, with plans to succeed in 1,200 by June.
The growth would carry it consistent with main rivals comparable to Zepto and Instamart. The corporate can be aiming to increase its presence to round 250 cities by mid-2026.
The broader marketplace for fast commerce in India is anticipated to develop considerably, with Redseer report suggesting it might turn out to be a $40 billion alternative by 2030.
The stories comes after Amazon India introduced an funding of Rs 2,800 crore (round $300 million) to develop its personal fast commerce providing, Amazon Now.
In the meantime, Reliance-backed JioMart can be looking for to develop its footprint within the phase.
Flipkart’s push into fast commerce comes because it prepares for a public itemizing anticipated subsequent 12 months. The corporate just lately shifted its domicile from Singapore back to India following authorities approval.
As a part of its broader progress technique, Flipkart can be exploring entry into new enterprise areas, together with meals supply, with a pilot anticipated in Bengaluru. It’s moreover contemplating ventures in film and reside occasions ticketing.
Financially, Flipkart’s market arm reported a 14% rise in working income to Rs 20,493 crore within the final monetary 12 months, whereas web losses narrowed by 37% to Rs 1,494 crore.