I think the deciding factor here would be refund. How the handle it and whether they allow it at all is what will define it.

What if there is an option to order 10 items which will be delivered in 60 minutes. You will keep 4 items and after one hour of delivery, another delivery boy will come and take those 6 items.

Software Engineer

There will be a 10min delievery app for clothing soon

- Slikk, a GenZ-focused 60-minute clothes delivery app, has secured $300K in a pre-seed round led by Better Capital and Untitled Ventures.
- The funds will

- Slikk, a GenZ-focused 60-minute clothes delivery app, has secured $300K in a pre-seed round led by Better Capital and Untitled Ventures.
- The funds will help Slikk scale to over 100 brands, set up a large-format dark store, and expand delivery coverage to 70% of Bengaluru's pincodes.
- The startup plans to expand to other metropolitan cities in India and broaden its offerings to include beauty, personal care, and home decor.
- Led by Akshay Gulati, Slikk delivers fresh styles daily, allowing users to explore the latest trends frequently.
- Market research indicates the Indian apparel market will reach $105.50 billion by 2024, with the fast fashion segment growing significantly. 

 Source: [Entrackr](https://entrackr.com/2024/09/60-minute-clothes-delivery-app-slikk-raises-300k/)

60-minute clothes delivery app Slikk raises $300K

60-minute clothes delivery app Slikk raises $300K- Grapevine

Welcome to Indian Startups's Private Community

What do you guys think about an app like blinkit which delivers cloths for the last minute within 30-45 mins which solves the problem of not being able to wear the cloths you are in the mood of wearing when you go out.

Welcome to News Discussion's Private Community

The Morning Vine 🍇

Journalist

- Flipkart aims to have around 100 dark stores operational by the launch of Flipkart Minutes, currently accessible to select users in certain pincodes.
- The move is part of Flipkart’s strategy to compete with Zepto, Blinkit, and Swiggy Instamart this festive season, focusing on fast delivery for non-grocery segments.
- Dark stores are being tested with employees at Flipkart’s Bengaluru headquarters, with plans to stabilize and scale up the service in specific areas.
- Flipkart’s quick commerce push is driven by revenue potential, with top platforms like Swiggy Instamart, Zepto, and Blinkit expected to surpass $1 Bn in revenue for FY24.
- This development follows Flipkart’s expansion into digital payments and fintech products, highlighting its strategy to adapt to the evolving digital commerce landscape. 

 Source: Economic Times

Flipkart Plans 100 Dark Stores Ahead of Big Billion Days Sale

Ken: Zepto is a bronze medallist acting like a gold medallist. Gazab beijjati hai 😂😂😂

Product Owner

Most of us are curious of how decisions are made in major VC funds, as these funds are private and only share this information with their Limited Partners (LPs).

For the unknown, there are VC funds known as Corporate Venture Capital funds, which are the venture arms of corporate firms; they are required to disclose the performance of their CVC funds to the general public.

Prosus, one of the largest funds in this category, has just released its 2024 Annual Report, so thought it would be helpful to share the key takeaways with you all. So, here we go:

1/ Swiggy: On the Launchpad
Swiggy continues to impress with a 26% surge in its gross order value and a robust user base that's grown to 104 million. The food delivery giant isn't just expanding—it's preparing to soar with a confidential IPO filing. Swiggy's blend of core deliveries and quick-commerce ventures positions it as a frontrunner in the food-tech race.

2/ Byju's: A Reality Check
The tides have turned for Byju’s, once a darling of the edtech world, now facing a stark reality with a $493 million valuation write-down by Prosus. This significant markdown is a wake-up call to the high-flying valuations in the edtech sector, spotlighting the need for sustainable financial health over speculative growth.

3/ PayU: Quietly Confident
While specific updates on PayU were sparse, its role in Prosus’s fintech ambitions remains pivotal. PayU continues to weave through Prosus's strategy, likely focusing on enlarging its digital payment solutions and tapping into burgeoning financial service opportunities in emerging markets.

4/ PharmEasy: Unsung Potential
PharmEasy's story remains under the radar in this year’s dispatch. However, as a component of Prosus's health tech ventures, it’s poised to play a crucial role in expanding accessible digital healthcare solutions, streamlining services from prescriptions to doorstep delivery.

The Bigger Picture? Prosus's strategy paints a vivid portrait of India's evolving startup ecosystem. It's no longer just about rapid growth and sky-high valuations. The game has changed:

1/ Sustainability is king: Byju's fall from grace is a stark reminder that financial health trumps speculative growth.
2/ IPO readiness matters: Swiggy's preparations show the market's appetite for well-prepared tech giants.
3/ Quiet expansion: PayU and PharmEasy's low-key presence suggests strategic focus on steady growth over flashy headlines.
4/ Diversification is key: Prosus's varied portfolio highlights the importance of spreading bets across sectors.

Checkout their annual report at https://www.prosus.com/~/media/Files/P/Prosus-CORP/AR2024/1latestfinancialresults/04annualreport/fy2024annualreport.pdf - happy reading!

Would you like more breakdowns of such reports and documents? Let us know in comments below 👇🏽

Key takeaways from Prosus 2024 Annual Report

https://techcrunch.com/2024/05/10/meesho-an-indian-social-commerce-with-150m-transacting-users-secures-275m-in-new-funding/ 

In current climate, great to see they’re able to raise! Folks at Meesho, some questions: 

- does anyone know if this is a down round?
- how’s the climate inside Meesho? Appraisals, hiring etc 
- are all employees allowed to sell in the secondary?

Meesho raises funding

How important is Blinkit to Zomato? How long will the 10 min delivery burn games go on for? 

Any insider POVs?

Blinkit - Zomato

Business operations

Hi folks, 

I'm Aadit, Co-Founder & CEO at Zepto. We're one of India's fastest growing consumer internet companies and are today present across 10+ cities in the country. 

I'd love to chat with you folks about my journey in building Zepto, my thoughts on the quick commerce space, organization building, amongst other things.

Ask away!

I'm Aadit Palicha, Co-Founder & CEO at Zepto. Ask me anything!

Founder

VC here. Doing this for fun.
Don't take all views seriously.

Comment a startup's name, I'll share if it's promising or whatever I know

Analyst

We always doubt some. For me it was Zepto, never thought I’d see them here. But they’ve really managed to grow while Swiggy and Blinkit were around. 

Which other startups have surprised you by becoming big, despite all odds? Or despite not seeming like big opportunities for you?

60-minute clothes delivery app Slikk raises $300K

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