Yottas and Quick Commerce Drive Growth Amidst New Micro VC Fund Launch

Sunday, 18 August 2024, 18:22

Yottas and quick commerce are ushering in new dynamics for startups this festive season. As demand surges, a new micro VC fund focuses on early-stage investments. This article explores the significant rise in sales and the burgeoning opportunities within the sector, highlighting key players like Delhivery and Cognizant.
Indiatimes
Yottas and Quick Commerce Drive Growth Amidst New Micro VC Fund Launch

Surging Demand for Quick Commerce

Quick commerce firms are witnessing a remarkable increase in sales as the festive season begins with excitement.

Impressive Growth in SKUs

  • Company Zepto plans to double its SKUs from 10,000.
  • Blinkit currently offers 25,000 SKUs.

Sales for products like rakhis have quadrupled compared to last year, demonstrating a strong consumer shift towards quick commerce.

Micro VC Fund Reshapes Landscape

The launch of a new micro VC fund focusing on startups marks a pivotal shift. With over Rs 100 crore for investment, the firm targets early-stage opportunities across sectors.

Investments in Startups

  1. AJVCA aims to support more than 30 startups over the next few years.
  2. This adds diversity to India's investment ecosystem, specifically targeting startups.

India's Data Centre Production Boom

The global surge in data centres significantly benefits Indian ancillary makers. Exports of diesel and gas generators are on the rise, positioning India as a vital hub for manufacturing.

Key Industry Players

  • Companies like Cummins and ABB are ramping up their operations.
  • Demand for advanced power solutions is skyrocketing, as stated by industry executives.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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