Ecommerce players like Flipkart and Amazon are ramping up their presence in the quick commerce sector by expanding dark store networks to enhance operational efficiency and delivery speed. According to ETtech Morning Dispatch, companies like Zepto, Instamart, and market leader Blinkit are aggressively scaling their dark store operations to meet growing demand for rapid deliveries.
In a separate development, tensions in the Gulf region due to Iran’s tech targets pose risks to US tech companies. With over 70 data centers and multiple cloud regions operated by tech giants like AWS, Microsoft Azure, and Google Cloud, the region faces potential disruptions that could impact billions of dollars in investments. The ongoing construction of $30 billion worth of IT projects adds to the critical infrastructure at stake.
Meanwhile, US-based Accel Leaders Fund is reportedly considering joining a $600 million funding round for Rapido, a bike-taxi company. The investment, led by Prosus with participation from Accel India and WestBridge Capital, could value Rapido at approximately $3 billion, signaling growing interest in the mobility sector.
Other notable developments include Razorpay’s plans for cross-border business growth, chip firms engaging with the Gujarat government, and Blinkit receiving a substantial infusion of Rs 450 crore from Eternal, underscoring the rapid evolution and intense competition within the tech and ecommerce sectors.
Source: Tech-Economic Times