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Walmart’s Flipkart, Swiggy drop 10-minute delivery claim in India

Walmart’s Flipkart, rel=”dofollow” href=”https://economictimes.indiatimes.com/swiggy-ltd/stocks/companyid-2232501.cms” target=”_blank”>Swiggy and IPO-bound Zepto have stopped promoting their grocery ‌businesses as “10-minute” ‌delivery services following an order by the Indian government that was spurred by concerns over road safety. The move is ‌a major setback for the quick commerce sector which has become a $11.5 billion market in India within five […]

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Walmart’s Flipkart, rel=”dofollow” href=”https://economictimes.indiatimes.com/swiggy-ltd/stocks/companyid-2232501.cms” target=”_blank”>Swiggy and IPO-bound Zepto have stopped promoting their grocery ‌businesses as “10-minute” ‌delivery services following an order by the Indian government that was spurred by concerns over road safety.

The move is ‌a major setback for the quick commerce sector which has become a $11.5 billion market in India within five years and changed how Indians shop, with apps allowing groceries and electronics to be delivered within minutes.

Still, rash driving by riders and low pay have dogged the sector, a darling of foreign investors,…

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