Good morning! Vedica here with the update today. Folks, it's Anmol's birthday today so please send him all your best wishes!! What would we do without Anmol in our lives?
Getting back to regular programming, e-commerce companies are pushing ahead with express delivery plans, and Unacademy acquires non-profit coding platform, CodeChef.
➡️ Flipkart is planning to launch hyperlocal delivery services next month, starting with a pilot in Bengaluru. The firm will reportedly aim to fulfill orders in 90 minutes. It will start by delivering from its own dark stores, or local warehouses and select shops, but that aim is to expand that to corner stores and modern retailers within a select neighbourhood.
➡️ Flipkart currently offers grocery delivery services in five cities — Bengaluru, Mumbai, Chennai, Hyderabad and Delhi NCR. The expansion of 90 mins delivery to these locations will be the next natural step depending on how the pilot plays out. The pandemic has obviously increased demand for grocery and express delivery options, but putting a solid supply chain in place in India is no mean task. Companies like BigBasket, Grofers, and even Amazon have struggled in the last few months.
➡️ The company will use the last-mile capabilities of logistics startup Shadowfax in these efforts. Shadowfax raised $60 million in a Series D round led by Flipkart last year. At that time, it was reported that Shadowfax processes ~10M orders a month across e-commerce and hyperlocal delivery. Undoubtedly this number will have increased since Cov-19.
➡️ Flipkart’s move will also put it in direct competition with the likes of Dunzo, Swiggy and the big mover JioMart, which recently integrated with WhatsApp for users to order groceries from their neighborhood kirana stores. There will be a lot of action happening in this space, as consumer purchase behavior shifts due to the pandemic.
2. https://bit.ly/315yMzk: Unacademy acquires coding platform CodeChef
➡️ The edtech news just doesn't stop! Unacademy announced the acquisition of CodeChef, an online platform for algorithm and coding. The acquisition is being seen as a move that will help the company launch a coding skills offering for school kids.
➡️ CodeChef is an eleven-year-old non-for-profit platform helps users enhance their coding skills and promote problem-solving. CodeChef hosts programming contests in addition to tutorials, training sessions and discussion forums. The company claims the paltfirm is used by 1M+ programmers globally.
➡️ In a tweet announcing the acquisition, Unacademy CEO Gaurav Munjal said that CodeChef will continue to focus on its mission to create the best coding platform offering high-quality free programming courses for learners. Since CodeChef is currently a not-for-profit, users have raised questions about whether the acquisition will mean a new business model, but statements by both companies do not indicate any imminent plans to change the way CodeChef works. The move offers Unacademy a large, loyal and engaged set of new customers so it makes sense not to rock the boat, and instead focus on winning them over.
➡️ CodeChef's founder Bhavin Turakhia already holds a board seat at Unacademy, and it was announced that he will be more directly involved in Unacademy as CodeChef moves homes. This too points to there being good strategic alliance between both the companies and on the whole I think this should be a fairly smooth acquisition for Unacademy.
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More tomorrow :) BONUS (Tweet of the day): https://twitter.com/RamaswmySridhar/status/1274886811563601920
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