Specialised quick commerce models are emerging as new hotspots, with at least half a dozen ventures primed to raise capital. Startups enabling quick commerce deliveries are also closing deals, people in the know said. Several executives who have exited internet firms are planning ventures under new verticals within India’s most vibrant ecommerce sector.
ET Year-end Special Reads 2024 Rewind: Elections, extreme weather, sporting glories, moments that made history, and heartfelt goodbyes Sensex & Nifty in 2025: Predictions, targets, must-have stocks for the new year From Adani bribery allegations to PayTM Bank ban: Six shocks that rocked India Inc in 2024 Ten-minute food delivery startup Swish, which is negotiating a $15-20 million round to expand operations in Bengaluru and other metros, has held talks with Elevation Capital, Peak XV Partners and other global funds, including from the UK, they said. Swish closed its seed round from Accel only last November. “They have seen a lot of interest from global investors as well, who typically don’t come in at an early stage.
The interest in these verticals is rising due to the overall pace of growth in quick commerce in India, in contrast to global markets,” said one of the people mentioned above. Former executives of delivery service Dunzo are seeking capital for at least two new ventures allied to quick commerce. Fast delivery in fashion Artificial Intelligence(AI) Java Programming with ChatGPT: Learn using Generative AI By .