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E Commerce

Quick Commerce Vs. Traditional Retail: Is Coexistence Possible?


SUMMARY

Dark stores are experiencing rapid expansion in India, with the global dark store market projected to reach $275.5 Bn by 2032

Since 2020, over 3 Mn Kirana stores in India have adopted some form of digital technology

Tech platforms are introducing AI-powered demand forecasting tools to help kirana owners stock smartly

There’s been a lot of chatter lately about quick commerce and traditional retail— especially neighbourhood kirana stores— being locked in some kind of rivalry. Some argue that one must replace the…



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by Tech In Asia

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SUMMARY The due diligence is done, and both sides are negotiating final terms for the cash and equity transaction If the deal closes, it will mark one of the biggest consolidation in India’s auto tech sector Notably, CarDekho entered the unicorn club in October 2021 after raising $250 Mn at a $1.2 Bn valuation. It, however, shut down its used-car retail business in 2023 after high operating costs made it unviable Listed auto marketplace CarTrade is reportedly in advanced stages to acquire rival CarDekho in a deal valued at… Source link

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