Page 2 - Blinkit

Eternal gets two GST demand orders worth ₹27.56 crore, plans to appeal

Eternal, the parent entity of Zomato and Blinkit, on Thursday received two Goods and Services Tax (GST) demand orders amounting to over Rs 27.56 crore, including interest and penalty. The orders passed by the Additional Commissioner of State Tax (Appeals), West Bengal, have been received with respect to short payment of output tax for the period between April 2020 and March 2022. The company will file an appeal against the order before the appropriate authority. "This is to inform that the Company has received two orders on 8 January 2026 for the period April 2020 to March 2022 passed by Additional Commissioner of State Tax (Appeals), West Bengal, confirming total demand of GST of Rs 16,72,34,030 with interest of Rs 9,16,48,814 and penalty of Rs 1,67,23,404," Eternal informed in a regulatory filing. We believe that we have a strong case on merits, which is backed by opinions from our external legal and tax advisors. The Company will be filing an appeal against the order before the

Eternal gets GST demand order of ₹3.7 crore with interest, penalty

Eternal, the parent entity of Zomato and Blinkit, has received a goods and services tax (GST) demand order, along with interest and penalty, amounting to Rs 3,69,80,242 for the period April 2019 to March 2020. The order was passed by the Additional Commissioner of State Tax (Appeals), West Bengal. The demand order has been received with respect to short payment of output tax with interest and penalty thereon, Eternal said in a regulatory filing late on Tuesday evening. The company said it believes it has a strong case on merits, and will file an appeal against the order before the appropriate authority. In the regulatory filing, Eternal stated it "has received an order on 6 January 2026 for the period April 2019 to March 2020 passed by Additional Commissioner of State Tax (Appeals), West Bengal confirming demand of GST of Rs 1,92,43,792 with interest of Rs 1,58,12,070 and penalty of Rs 19,24,380".

How quick must quick commerce be? Rethinking the 10-minute promise

A hard stop at 10 minutes puts lives at risk even if the distance from the dark store to an apartment is a just a few 100 metres

Gig economy needs less regulation: Eternal Founder Deepinder Goyal

Eternal Founder Deepinder Goyal on Friday batted for "less regulation" for India's gig economy, arguing that it will eventually help bring more people into the "organised" workforce. The remarks come at a time when gig workers' unions have been staging protests, demanding better payouts and improved working conditions. Goyal also defended 10-minute deliveries, explaining that they are enabled by the density of stores around a user's home and not by "asking delivery partners to drive fast". Eternal owns food delivery major Zomato and quick-commerce firm Blinkit. The Gig & Platform Services Workers' Union (GIPSWU) last month wrote to Union Minister for Labour and Employment Mansukh Mandaviya raising several issues, with a key highlight being their demand to "urgently discontinue 10-20-minute service delivery mandates to prioritise worker safety". In November, the government notified all four labour codes, ushering in major reforms, including universal social security coverage for ..

New Year's Eve frenzy: Grapes, biryani, pizzas among most-ordered items

The surge in sales activity, across different platforms, came even as gig worker unions had called a nationwide strike

Gig workers aren't exploited: Deepinder Goyal as Zomato, Blinkit hit record

In a post on X, Goyal said concerns around quick deliveries often stem from a misunderstanding of how the system works

Consumers drive quick commerce, food delivery sales on New Year's Eve

Quick commerce and food delivery platforms saw an uptick in New Year's Eve demand, with grapes searches surging on Instamart and purchases spiking on Zepto

Food delivery, qcom firms raise incentives amid gig workers' strike

Delivery and quick commerce platforms raised per-order payouts and rolled out fresh incentives for December 31, even as gig worker unions called a nationwide strike over pay and conditions

Delivery firms brace for gig workers' logout strike on December 31

Delivery and quick commerce platforms are tightening operations and safety measures ahead of December 31 as gig worker unions plan a nationwide log-out strike over pay, conditions and social security

Blinkit CFO Vipin Kapooria steps down amid rising competition in Qcom

Vipin Kapooria, Chief Financial Officer of Eternal-owned quick commerce major Blinkit, has resigned a year after he joined the firm, sources said on Tuesday. Kapooria, a former Flipkart executive, has "moved on" from Blinkit, said people close to the development. There was no formal statement from Blinkit or its parent firm Eternal regarding the development. Kapooria's resignation comes at a time when competition in India's e-commerce space has intensified, and days after rival Zepto filed preliminary papers with markets regulator Sebi to raise Rs 11,000 crore through its initial public offering (IPO) using a confidential route. His former employer Flipkart is also reportedly gearing up for a potential listing next year.

Eternal shares down 25% from record high; what's making the Street nervous?

The stock price of the parent company of food delivery platform Zomato and quick commerce Blinkit, was down 2% at ₹277.10 on Tuesday, trading at its lowest level since July 21, 2025.

Blinkit, Zomato tailor quick-commerce for India's tier-2, tier-3 cities

Rising incomes, cheap smartphones and data, and improved roads have begun knitting smaller cities and industrial hubs into the national economy

Vipin Kapooria quits as Blinkit CFO over a year after joining firm

Vipin Kapooria has resigned as chief financial officer of Blinkit, a little over a year after joining the quick commerce platform, as competition in the segment intensifies

From baskets to blink: Quick commerce reshapes retail landscape in 2025

The era of the delivery day' ended in 2025 as India's retail landscape underwent a fundamental transformation, with the great convergence of traditional e-commerce and quick commerce erasing the boundaries between planned shopping and instant gratification. What began as an experimental race to deliver groceries in ten minutes has evolved into a multi-billion-dollar infrastructure play that now moves everything from high-end electronics to white goods in minutes. In a single calendar year, the question for the Indian consumer has permanently shifted from "will it arrive?" to "how many minutes until it does? As the year draws to a close, the data reflect the sector in hyperdrive. According to a year-end report by RedSeer Strategy Consultants, quick commerce has become India's fastest-growing retail format, reaching 33 million monthly users across 150+ cities. By 2030, it will command 10 per cent of branded retail sales. Rising household incomes and a growing preference for convenie

Why Swiggy, Zomato, Amazon delivery partners are on strike on Dec 25, 31

According to the worker unions, gig workers are demanding clear and fair pay systems and the withdrawal of "10-minute delivery" models, which they say put lives at risk

Best of BS Opinion: Sebi reforms to make things easier for investors

From Sebi's investor-friendly rule changes and PM Modi's West Asia tour to debates on power grid reform, shrimp exports and a Zomato biography, here's today's Best of BS Opinion.

Eternal well placed as price war unlikely in quick commerce sector

Eternal remains the leader and Blinkit has the best financials and the best unit economics

JM Financial retains 'Buy' on Eternal as Blinkit growth moderates in Q3FY26

According to JM Financial, Blinkit's net order value (NOV) growth is likely to slow to around 13 per cent Q-o-Q in Q3FY26, compared with 25 per cent and 27 per cent growth in Q1 & Q2, respectively.

Flipkart Minutes to double dark stores to 1,000 by March-April 2026

Flipkart Minutes plans to double its dark stores to 1,000 and expand to 60+ cities by early 2025, intensifying the quick-commerce race amid surging demand and rising competition

Blinkit CEO Albinder Dhindsa warns of qcom shakeout amid capital crunch

Zomato in 2024 had raised ₹8,500 cr via QIP