Flipkart Minutes has overtaken Swiggy Instamart within the variety of darkish shops throughout India’s high 10 cities, because the horizontal e-commerce main continues to broaden its quick-commerce community.
Flipkart Minutes had 627 darkish shops throughout these cities as of August 2026, in contrast with 615 for Swiggy Instamart, based on a CLSA report. The brokerage agency additionally mentioned Flipkart Minutes has surpassed Instamart in pincode protection throughout the highest 10 cities.
Blinkit continues to steer the market with 969 darkish shops throughout the highest 10 cities, adopted by Zepto with 828, Flipkart Minutes with 627, Swiggy Instamart with 615 and BigBasket with 497. Collectively, these 5 gamers function 3,536 darkish shops throughout the highest 10 markets tracked by CLSA.
The report consists of Bengaluru, Delhi, Hyderabad, Mumbai, Chennai, Pune, Kolkata, Gurgaon, Lucknow and Ahmedabad, whereas excluding Amazon and JioMart from its calculations.
Bengaluru has the biggest dark-store community with 735 shops, adopted by Delhi with 531 and Hyderabad with 484. Mumbai has 372 shops, whereas Chennai, Pune, Kolkata, Gurgaon, Lucknow and Ahmedabad have 365, 293, 248, 225, 146 and 137 shops, respectively.
Blinkit stays effectively forward of its rivals, accounting for round 30% of darkish shops throughout the highest 10 cities and greater than 34% nationally. It has the best retailer depend in six of the ten cities, whereas Zepto leads in three of the remaining 4.
The report exhibits fast commerce is spreading to extra cities, with darkish shops now current throughout 477 cities. Whereas massive gamers are rising in current markets, newer gamers are getting into smaller cities with a couple of shops to check demand earlier than increasing. Flipkart Minutes has elevated its presence in Tier III cities 42 occasions over the previous yr, together with cities corresponding to Ara and Muzaffarpur in Bihar.
CLSA is extra constructive on Everlasting, the mum or dad of Blinkit, than Swiggy. It has given Everlasting a goal value of Rs 506, 53.5% above its August 25 closing value of Rs 329.6, whereas Swiggy has a goal of Rs 312, simply 8.7% above its closing value of Rs 286.9.
The findings present that competitors in fast commerce is getting more durable. Blinkit continues to be forward, however Flipkart Minutes has moved previous Instamart within the high 10 cities, displaying how shortly the market is altering as corporations add extra darkish shops and enter new cities.
