Blinkit Appoints Ex-Flipkart VP as New CFO

• Blinkit seeing growth in smaller cities, aims to widen footprint gradually
• Platform currently in 26 cities, plans to double dark stores to 1,000 by FY25
• Blinkit contributes more to Zomato's market cap than food delivery business
• ...

• Blinkit has expanded at the expense of modern retail stores and e-commerce platforms, not traditional kirana shops, according to CEO Albinder Dhindsa.
• Quick commerce has shifted non-grocery use cases from e-commerce to faster deliver...

Good morning! Too much has happened in the last 24 hours, we’re going double the size of our 5 news a day quota - here we go:

𝐈𝐧𝐝𝐢𝐚 𝐓𝐞𝐜𝐡 🇮🇳

𝟏. 𝐆𝐫𝐨𝐰𝐰’𝐬 𝐀𝐜𝐭𝐢𝐯𝐞 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫 𝐁𝐚𝐬𝐞 𝐂𝐥𝐢𝐦𝐛𝐬 𝐎𝐯𝐞𝐫 �...

• Blinkit posted a revenue of INR 942 Cr in Q1 FY25, up 145% from INR 384 Cr reported in the year-ago period.
• The quick commerce vertical’s adjusted EBITDA loss further improved to 3 Cr in Q1 FY25 from INR 133 Cr in Q1 FY24 and INR 37...