However, conventional players are now concerned about this quick rise. The massive rapid commerce companies Blinkit, Swiggy, and Zepto have recently come under fire from the All India Consumer ...

Blinkit has also launched its 10-minute food delivery platform Bistro in December to compete with Zepto Cafe and Swiggy’s Bolt, both of which deliver food in 10 minutes.

Goldman Sachs now values Blinkit at Rs 119 per share at a $13 billion equity valuation. That's higher than the food delivery business, which is being valued at Rs 98 per share. The $13 billion ...

Blinkit added 368 stores and 1.3 million square feet of warehousing space in the last two quarters, and the acceleration led to losses of ₹1.03 billion ($11.9 million) in the third quarter of ...

Meanwhile, this deal comes at a time when Blinkit has been in the line of fire from critics. Earlier on March 14, Blinkit sacked employees across major cities like Mumbai, Hyderabad and Kolkata.

Blinkit’s acquisition weighed heavily on Zomato as the foodtech giant’s consolidated loss zoomed 35% QoQ to INR 250.8 Cr in the Q2 FY23.

Blinkit’s valuation surge is driven by its strong growth potential in India’s fast-growing quick commerce market. Goldman Sachs forecasts Blinkit’s gross order value (GOV) to grow at a ...

Indian retail group seeks antitrust probe of quick commerce companies Swiggy, Blinkit, Zepto. By Aditya Kalra. October 21, 2024 2:29 AM UTC Updated October 21, 2024 Item 1 of ...

The implied value of Blinkit, the troubled quick commerce startup that Zomato acquired in a fire sale in 2022, is now larger than that of Zomato’s core business (food delivery), analysts at ...