Blinkit and Zepto almost cover their cost, and start to make a profit.
Zomato also plans to invest 300 crore.
It's difficult to say who will win.
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Building JalSeva and...ย โขย 7m
Zomato made โน12,114 crore in FY24, growing 71% mainly through food delivery, Hyperpure, and Blinkit. Despite expenses of โน12,670 crore, including procurement and delivery costs, Zomato turned profitable with โน351 crore profit after tax.
Zomato Invests 500Cr in BlinkIt.
Zomato has been raising heavy cash recently whose consequence is this. Remember What deepinder said ? " BlinkIt will be bigger than Zomato ". He seems to be very bullish over Qcom ( BlinkIt )
What's Your Views on
Monthly Active Users of Quick Commerce
โข Blinkit - 4.3 Crore
โข Zepto - 3.9 Crore
Quick Commerce Platforms in India are Burning Nearly โน1300-โน1500 Crore Every Month
Flipkart Minutes plans to scale up its dark stores from 300 to 800 by 2025 to dominate the quick commerce race!
โ Competing with Blinkit, Zepto, Instamart and Big-Basket QC
โ AI-powered catalog & focus on Tier-1 speed
โ Over 1 million orders already