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
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.
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.
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
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.
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.
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.
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.
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