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Blinkit Extends Services To Jammu
Inc42
·
7m ago
Medial
Blinkit has expanded its quick commerce services to Jammu, marking its entry into the city. This launch aims to cater to the growing demand for rapid grocery delivery in the region. Customers in Jammu can now access Blinkit's extensive product range and benefit from deliveries within minutes. The company continues to focus on enhancing its presence across various cities in India, aiming to provide convenience and efficiency in grocery shopping.
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Blinkit rolls out large order fleet in Delhi and Gurugram
YourStory
·
7m ago
Medial
Blinkit, Zomato's quick commerce arm, has introduced an all-electric large order fleet in Delhi and Gurugram, designed for electronics and party essentials. Founder and CEO Albinder Dhindsa announced plans to expand this service to more cities. Recently, Blinkit also launched in Jammu, currently serving areas like Trikuta Nagar, Roop Nagar, and Akhnoor Road, reinforcing its commitment to quick and reliable deliveries.
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Blinkit expands to Jammu. Here's where it will deliver
YourStory
·
7m ago
Medial
Blinkit, a quick commerce platform, has launched operations in Jammu, with three stores now serving areas like Trikuta Nagar and Roop Nagar. Founder and CEO Albinder Dhinsa expressed enthusiasm about bringing quick delivery to these regions. This expansion comes amid growing competition among quick commerce players including Zepto and Swiggy Instamart. Blinkit recently appointed Vipin Kapooria as CFO to bolster financial operations. India's quick commerce market is valued at $3.34 billion, with substantial growth potential.
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Zomato Extends Gains: Shares Jump Over 6% To Touch Fresh 52-Week High
Inc42
·
1y ago
Medial
Shares of foodtech major Zomato jumped over 6% to touch a fresh 52-week high on the BSE following its strong Q3 FY24 earnings. The company reported its third straight profitable quarter, with consolidated profit after tax (PAT) nearly quadrupling to INR 138 crore. Zomato's quick commerce business, Blinkit, witnessed a strong growth momentum, contributing to its overall profitability. Various brokerages, including Jefferies, HSBC, and Kotak, have increased their price targets on Zomato, reflecting positive sentiment. The stock has already gained 25% year to date.
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TCS extends deal with Bank of Bhutan
Economic Times
·
8m ago
Medial
Tata Consultancy Services (TCS) has expanded its partnership with Bank of Bhutan to modernize the bank's digital core. TCS will implement its banking software platform, TCS BaNCS, to optimize operations and integrate with the country's digital ecosystem. This move allows the bank to offer personalized financial services and support the digitization initiatives of the Kingdom of Bhutan. Additionally, this partnership highlights TCS's efforts to diversify its client base beyond North America and Europe. TCS BaNCS handles banking transactions for over 30% of the global population and helps institutions transition from legacy technologies.
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Urban Company partners with Blinkit to deliver its water purifiers
Economic Times
·
1y ago
Medial
Beauty and home services platform Urban Company has partnered with quick-commerce app Blinkit to deliver its new water purifiers, Native M1 and M2, to customers. Through this partnership, Urban Company's water purifiers will be delivered within 30 minutes via Blinkit and installed within three hours. The service is currently available in parts of Delhi NCR, Mumbai, Bengaluru, Kolkata, and Hyderabad. This move marks Urban Company's expansion beyond its core services and into the quick-commerce sector. Blinkit is also reported to be looking into adding other categories such as fashion, beauty, electronics, toys, and home and kitchen products.
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Coinbase extends timeline for fund withdrawal for users in India
Economic Times
·
1y ago
Medial
Crypto trading platform Coinbase has extended the timeline for users in India to withdraw funds from their accounts until October 31, 2023, after which its retail exchange services will cease. The company, facing regulatory challenges in India, plans to end access to its app and website for users in the country. However, Coinbase remains committed to the Indian market and is exploring ways to strengthen its presence. The platform had entered India in April 2022 but faced pressure from regulators, leading to the disabling of certain services.
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New startup policy with focus to set up 2,000 startups by 2027 launched in J-K
Economic Times
·
1y ago
Medial
Jammu and Kashmir Lieutenant Governor (LG) Manoj Sinha has launched a new startup policy aimed at establishing 2,000 startups in the Union Territory by 2027. The policy, titled 'New Jammu & Kashmir Start-up Policy- 2024-27', will provide patent-related assistance, financial aid, mentorship, and registration facilitation to recognized startups. Sinha invited investors from across the country to explore the potential in Jammu and Kashmir and contribute to its growth. The policy also includes provisions for supporting entrepreneurship among students and women, as well as setting up a Rs 250 crore Venture Capital Fund. The Union Territory currently boasts 722 registered startups, with a focus on gender inclusivity.
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Zomato-owned Blinkit's revenue grows by 207% to Rs 724 crore in FY23; What about the loss?
IndianStartupNews
·
1y ago
Medial
Blinkit, formerly known as Grofers, has seen a significant surge in revenue in FY23, reaching Rs 724.2 crore from Rs 236.1 crore in FY22. This boost can be attributed to marketplace commissions, advertising solutions, and revenue from delivery and supporting services. However, expenses also increased, resulting in a loss of Rs 1,190 crore for Blinkit in FY23. ROCE and EBITDA margins for the year stood at -213.59% and -119.79% respectively.
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Blinkit to now deliver ACs in 10 minutes
Economic Times
·
4m ago
Medial
Blinkit, supported by Zomato, has teamed up with Lloyd to deliver air conditioners within minutes to meet the summer demand. As announced by CEO Albinder Dhindsa, the service has begun in Delhi NCR and will expand to other cities. Installations are completed within 24 hours. As quick commerce platforms like Blinkit, Zepto, Swiggy Instamart, and BigBasket’s BBNow prepare for predicted heat waves, they expect increased demand for summer products through expedited home delivery services.
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HCLTech extends collaboration with Intel Foundry to co-develop customised silicon solutions
Thehindubusinessline
·
1y ago
Medial
Indian IT services company HCL Technologies (HCLTech) has announced an expansion of its partnership with Intel Foundry to collaborate on developing customised silicon solutions. This collaboration aims to enhance foundry services worldwide and meet the growing demand for semiconductor manufacturing. HCLTech will combine its design expertise with Intel Foundry's technology and manufacturing capabilities to establish a resilient and diversified supply chain. The partnership will provide clients with a robust ecosystem for semiconductor sourcing, offering greater choice and flexibility. HCLTech has been working with Intel for over 30 years across various areas of collaboration.
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