Flipkart may limit its quick commerce expansion to top cities to reduce burn

Walmart-owned ecommerce giant Flipkart is limiting the expansion of its quick commerce unit, Flipkart Minutes, to the top six to eight cities to rein in costs, according to people familiar with the matter.Flipkart Minutes, which competes with Eternal-owned Blinkit, Swiggy Instamart, Zepto, BigBasket’s BB Now and Amazon Now, is currently present in 14 cities and runs a network of more than 300 so-called dark stores, or mini warehouses. The intent is to scale this up to around 500-550 by October. Flipkart group chief executive Kalyan Krishnamurthy…