After Blinkit, Zepto to deliver Apple products

Quick commerce platform Zepto will start selling Apple products, including the latest iPhone 16e, on its platform this week, according to people with direct knowledge of the development. The assortment will have iPads, Apple Watches and AirPods, among other accessories. 

This comes just two weeks after its rival Blinkit announced it would start delivering other Apple products as it was already delivering iPhones.

“It has seen around 35-40% jump in searches for Apple products in the last two months,” one of the persons said.

ALSO READTata Motors, Motherson to be hit by Trump tariff, says Moody’s

The company had temporarily offered iPhone 16 on its platform last year, when it was launched. 

In quick commerce, electronics have emerged as one of the fastest-growing categories. In this, mobile phones are among the most rapidly expanding. 

Premium electronics, like Apple products, offer quick commerce companies a chance to increase the AOVs, which would ultimately help them reduce the burn. According to estimates, Zepto is burning close to `300-350 crore per month. 

Forever 21 files for bankruptcy for second time in 6 years, brand to conduct liquidation sales

Zepto is also looking to list on the stock exchanges soon. It has recently completed the shifting of domicile from Singapore to India and is likely to file the papers with the Sebi by April. 

Chief financial officer Ramesh Bafna had announced the reverse flipping on LinkedIn, describing it as a “historic completion in record time”.

“This is a display of understanding of technicals, working with the right partners, getting into the nuts and bolts of execution, unblocking natural causes of delay, and making tactical calls in real time by an empowered team,” he wrote.

 » Read More

Related Articles

Ashish Kacholia’s Latest Stock Pick starts with a 2.53% Stake

Thomas Scott India Ltd (TSIL) Thomas Scott (India) Limited formed in October 2010 to acquire Bang Overseas Limited’s Retail Division under the “Thomas Scott” brand. The demerger, effective April 1, 2011, was finalized on August 5, 2011. The company was listed on NSE and BSE in January 2012. With a current market cap of Rs

Nuvama sees 96% upside in PVR Inox

Chhatrapati Shivaji Maharaj played a key role in reviving nationalism and the brokerage firm Nuvama Institutional Equities believes that the movie Chhava, based on his son’s achievements has revived the spark in Indian cinema. Following the stupendous box office collection for Chhaava, Nuvama expects a 96% upside in PVR Inox’s share price.  It has a target of Rs 1,765 on the

NMDC dividend payout: Check record date and 4 key factors that investors need to watch

NMDC has announced its first interim dividend for FY25. As India’s largest iron ore producer rolls out fresh payouts, its stock performance remains key points of interest. Dividend announcement and record date NMDC has declared an interim dividend of Rs 2.30 per share with a face value of Rs 1. The record date for eligibility

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Ashish Kacholia’s Latest Stock Pick starts with a 2.53% Stake

Thomas Scott India Ltd (TSIL) Thomas Scott (India) Limited formed in October 2010 to acquire Bang Overseas Limited’s Retail Division under the “Thomas Scott” brand. The demerger, effective April 1, 2011, was finalized on August 5, 2011. The company was listed on NSE and BSE in January 2012. With a current market cap of Rs

Nuvama sees 96% upside in PVR Inox

Chhatrapati Shivaji Maharaj played a key role in reviving nationalism and the brokerage firm Nuvama Institutional Equities believes that the movie Chhava, based on his son’s achievements has revived the spark in Indian cinema. Following the stupendous box office collection for Chhaava, Nuvama expects a 96% upside in PVR Inox’s share price.  It has a target of Rs 1,765 on the

NMDC dividend payout: Check record date and 4 key factors that investors need to watch

NMDC has announced its first interim dividend for FY25. As India’s largest iron ore producer rolls out fresh payouts, its stock performance remains key points of interest. Dividend announcement and record date NMDC has declared an interim dividend of Rs 2.30 per share with a face value of Rs 1. The record date for eligibility

Stock Market Live Updates: Nifty, Sensex set to open higher; Asian markets trade in green

Go to Live UpdatesSensex Nifty Today | Stock Market Live Updates: Indian markets are set to open on a positive note today, taking cues from early trends in GIFT Nifty. Asian stocks also kicked off the day in the green, reflecting optimism from Wall Street’s overnight rally. Major indices across Japan, South Korea, and Australia

How will markets open today? Fed meeting, soaring gold rate and 6 more cues to watch

Markets are gearing up for a positive start today, with early signals from Gift Nifty pointing upwards. Global factors, including Wall Street trends and key economic updates, will set the tone for the day. On March 17, Indian stock markets ended on a strong note, with the Sensex rising 0.46% to 74,169.95 and the Nifty