HYPERLOCAL DELIVERY
Rising tech costs drive EMI sales; Shadowfax Q2 profit soars
Happy Friday! Shoppers are turning to EMIs as electronics prices rise. This and more in today’s ETtech Morning Dispatch.
Shadowfax revenue rises 57% in Q2, net profit jumps fivefold
Its total revenue, including other income, rose 58% YoY to Rs 1,558 crore in Q2 FY27. The Bengaluru-based company’s total expenses rose 53% YoY to Rs 1,490 core, driven by other expenses, employee benefits expenses and depreciation and amortisation costs.
Juspay slips into losses in FY26 on AI investments; revenue rises 30%
In the fiscal year 2026, Juspay encountered a net loss of Rs 90 crore, attributed to substantial investments in artificial intelligence and GPU infrastructure. Despite this setback, revenue soared by 29%, totaling Rs 664 crore compared to the prior year. Looking ahead to FY27, Juspay is set to bolster its GPU technology investments.
E-commerce firms turn to AI to solve for Bharat during festive sales
From spotting trends before they become popular and predicting what consumers are likely to buy to personalising recommendations – AI is doing a bulk of the work behind the scenes.
Ecommerce firms scale logistics, hiring ahead of festive sales
Flipkart’s logistics arm Ekart has added 14 million cubic feet of warehousing space nationwide, increasing its storage capacity by 50%, the company said on Tuesday. The Walmart-backed company also added more than 900 delivery hubs to its last-mile network.
The 30-Minute Medicine Problem
How India's largest ePharmacy is building an in-house quick-commerce engine across cities and why moving medicines in under an hour is far more complicated than it looks
- Go To Page 1
ETSA 2026: Emergent shifting focus from AI software to business automation, says CEO Mukund Jha
The company is testing agents that can remain active in the background, monitor business metrics and help with tasks such as cash-flow analysis, scheduling and social media management. More than half of its team is working on its core agent technology, he said.
ET Startup Awards 2026 | Comeback Kid: Mukund Jha returns stronger with AI bet
Emergent cofounder Mukund Jha has won the Comeback Kid award at the ET Startup Awards 2026, marking a return after the collapse of Dunzo. The jury recognised his second act with AI startup Emergent, which recently raised $230 million at a $1.5 billion valuation and built more than 12 million applications through its AI-powered platform.
Shiprocket bets on AI to redefine commerce enablement for SMEs
Shiprocket is entering a new phase of growth with a strategic pivot toward becoming an AI-first commerce platform.
Zomato suspends hyperlocal goods delivery service Xtreme, restarts Intercity Legends: sources
Zomato's hyperlocal goods delivery service 'Xtream' was rolled out in nearly all the 750-800 cities where the company offers food delivery. Zomato has also removed the Xtream app from Google Play Store as well. The online food delivery giant has more than 300,000 delivery executives nationwide.
eBikeGo plans to expand e-two-wheeler fleet to 1 lakh units by FY26
eBikeGo, under the leadership of founder and CEO Irfan Khan, plans to expand its e-two-wheeler fleet to 1-lakh units by FY26, targeting the growing last-mile and e-commerce segment.
Uber ups hyperlocal deliveries as quick commerce takes off
Delivers prepaid items from kirana stores; offers service in NCR, Bengaluru, Chennai, Hyderabad, Jaipur, Lucknow, Kolkata, Guwahati and Ludhiana
Swiggy integrates Simpl’s one-tap checkout feature
The partnership comes ahead of the year-end holiday season when demand for Swiggy’s on-demand services increases multifold, particularly during Christmas and New Year’s Eve celebrations.
Zomato launches hyperlocal delivery service Xtreme to leverage 3-lakh strong delivery fleet
Xtreme, which was launched late last month, targets both small and large merchants for delivering small packages intracity on the lines of services provided by Shadowfax, Porter and Loadshare.
Hyperlocal delivery revolution: How shopping trends are changing the logistics industry?
For hyperlocal deliveries, speed is the core essence, where customers expect their deliveries within a few hours, if not minutes.
Dunzo lands $40 million in funding from new and existing investors
Dunzo said it plans to focus on sustainable growth across its fastest-growing cities such as Mumbai, Chennai, and Pune in the coming year.
Flipkart preparing to start hyperlocal delivery services: Sources
The service will be available via the Flipkart app, and initially, deliveries will be done from local warehouses and select shops.
Rapido turns to hyperlocal delivery now
Rapido is targeting garnering a quarter of its revenues from its logistics venture, up from 10% earlier.
Yumlane partners with Swiggy for delivery of its heat & eat pizzas
The pilot is currently operational only across select locations in Mumbai with orders generated on the Swiggy app for Yumlane being picked and delivered by the former.
Hyperlocal delivery platform Daily Ninja raises pre-series round A funding
The round saw participation from angel investor Anupam Mittal and Kunal Shah of Freecharge, among others, according to LetsVenture.
Autorickshaw aggregator Jugnoo re-enters hyperlocal delivery business
The service has started in Chandigarh and will be expanded to other cities, beginning with Gurgaon in the next one month, Jugnoo’s founder Samar Singla said.
Hyperlocal delivery startups like Roadrunnr, Opinio revise cost per delivery to optimise economics
Hyperlocal delivery startups are realising the theorem that there is no free lunch, as pressure mounts on them to optimise the economics of delivery.
PepperTap launches bahut aasaan hai campaign on social and print media
The campaign will run for two months between November and December. As a part of the three-video series, two of them are already on air.
Grofers to buy delivery startup hyperlocal delivery player Townrush
Grofers is making these acquisitions primarily for the teams with no significant cash or equity being exchanged, an executive from the co said.
AskmeBazaar launches hyperlocal business for Hyderabad
The NDD service has a minimum order value of Rs 1000 and only branded goods will be traded over the platform, added Mathur.
Grofers, PepperTap, TinyOwl want to prove hyperlocal isn't only hype
Despite various headaches, investors have fuelled millions of dollars into these startups and the ventures themselves are riding a growth rocket.
Spirit of co-operation exists between the smaller & big ecommerce players
Amazon India launched its 'Kirana Now' programme in April, and even taxi aggregator Ola is entering grocery delivery, following its meals on-demand service Ola Cafe earlier this year.
Hyperlocal delivery company Jugnoo buys BookMyCab to launch services in Mumbai
Hyperlocal delivery company Jugnoo has acquired taxi company BookMyCab to launch services in Mumbai.
Shopclues takes the cloud route to be the ecommerce operating system
As online market-places in India transition to offer a bouquet of products and services, ShopClues wants to be the ecommerce operating system on cloud.
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