Swiggy Instamart lags in quick commerce race; Blinkit, Zepto lead:Report
Swiggy may be in the third spot in quick commerce while in terms of market share, it is behind Blinkit and Zepto.
Swiggy may be in the third spot in quick commerce while in terms of market share, it is behind Blinkit and Zepto.
Quick commerce platform Blinkit on Thursday announced the launch of its ambulance in 10 minutes service. The company called the move as a beginning of its efforts to enhance emergency medical access.
Blinkit’s rival Zepto saw its expenses surge a whopping 71.6 per cent to Rs 5,747 crore in the last financial year (FY24), as the company clocked Rs 1,248.6 crore in losses.
In 2022, Zomato had acquired Blinkit for $568 million but since then, on the back of improved performance, the latter’s implied valuation has grown to a staggering $13 billion, according to analysts at Goldman Sachs.
The company will be launching PlayStation 5 on its platform on April 5.
Zomato-owned quick delivery platform Blinkit saw its losses increase 8.2 per cent to reach Rs 1,078.9 crore in FY23 from Rs 996.7 crore in FY22, the media reported on Thursday.
Police control room call was received at Rajouri Garden police station wherein information of physical assault on Blinkit delivery boys.
The company will refer to this bigger association as "Eternal", when Zomato's stock gets pounded on Dalal Street (it was drifting around Rs 46 on Monday and has plunged around 69% this year)
