Page 7 - Blinkit

Zomato's parent Eternal Q4 net profit falls 78% to ₹39 cr, revenue up 64%

The company's revenue for the quarter rose 63.7 per cent year-on-year (Y-o-Y) to ₹5,833 crore in Q4, up from ₹3,562 crore a year earlier

Blinkit-Airtel SIM delivery paused as DoT asks telcos to abide by KYC norms

Just days after Blinkit-Airtel SIM home delivery was announced with much fanfare, the service has been put on hold, sources said. The move came after DoT queried Airtel on the process being followed and made it clear that stipulated norms have to be complied with, the sources said. The Telecom Department recently circulated a mail to various telecom service providers, saying "the existing self-KYC process, as per the extant instructions, shall be followed scrupulously." A person privy to the development said that the offering has been "put on hold, not discontinued". A quick search done on Blinkit for Airtel SIM returned no matches. A user on X penned a post saying: "Tried ordering an Airtel SIM via Blinkit. By the time I blinked... the service was discontinued ..." Emails sent to Airtel and quick commerce platform, Blinkit, seeking comments on the status of the launch announcement and whether or not the same have been discontinued, did not elicit any response. On April 15, Bhart

Flipkart board asks CEO to cut costs as monthly cash burn nears $40 million

Flipkart board directs CEO Kalyan Krishnamurthy to halve the company's monthly cash burn from $40 million to $20 million as firm eyes IPO and plans to shift legal base from Singapore to India

Airtel teams up with Blinkit to offer 10-minute SIM card home delivery

A first-of-its-kind service by a telco, the services are now live in 16 cities in the country, with plans to add more cities and towns over a period of time

Now, get an Airtel SIM delivered at your doorstep in 10 mins via Blinkit

Airtel partners with Blinkit to offer 10-minute SIM card delivery in 16 cities; service includes prepaid, postpaid, and number portability with Aadhaar-based eKYC

'Get AC delivered in 10 min': Blinkit's plan to beat the heat in Delhi-NCR

Blinkit has recently expanded its 10-minute delivery services to include a variety of new offerings

Zomato slips 5% on heavy volumes, stock falls below Rs 200 after 8 months

The stock hit an intra-day low of Rs 199.75 and has corrected 34% from its 52-week high of Rs 304.50 on concerns around increasing cash burns in Quick Commerce.

Blinkit, Zepto hike commissions to boost revenue amid tough competition

Blinkit and Zepto are increasing commissions on sellers and brands to boost revenue amid fierce competition and rising costs, as both platforms push for profitability and market dominance

Blinkit starts delivering Apple products in 10 minutes in selected cities

Quick commerce player Blinkit has started delivering Apple products, including MacBook Air, iPad and AirPods, within 10 minutes in select cities in India, its founder & CEO Albinder Dhindsa said on Thursday. In a post on X, he said consumers can now get MacBook Air, iPad, AirPods, Apple Watch, and other Apple accessories delivered in 10 minutes. "We've started delivering in - Delhi NCR, Mumbai, Hyderabad, Pune, Lucknow, Ahmedabad, Chandigarh, Chennai, Jaipur, Bengaluru and Kolkata," he wrote. In the quarter that ended December 31, 2024, the quick commerce business of Zomato incurred a Rs 103 crore loss largely on account of pulling forward the growth investments. In the letter to shareholders, Zomato stated that the company expects the losses in quick commerce business under Blinkit to continue in the near term due to the investments. While intensifying competition accelerated customer awareness and adoption of quick commerce, Dhindsa had noted that it led to a pause in margin ...

'Healthcare revolution for India': AIIMS professor hails Blinkit ambulance

Professor Agrawal described the basic life support services provided to the patient in the ambulance before being brought to the AIIMS Trauma Centre

What are Dark stores: Secret to quick commerce

Quick commerce platforms like Blinkit, Instamart, and Zepto have become household names, delivering groceries and essentials in record time.

Flipkart ramps up quick commerce: 500 dark stores before 'Big Billion Days'

Flipkart is set to expand its quick commerce service 'Minutes', aiming for over 500 dark stores by 2025, positioning itself as a strong rival to Blinkit, Zepto, and Swiggy Instamart

Zepto world's second most downloaded app in food and drink category

Other Indian companies in the category were food and grocery delivery companies Zomato at number five and its competitor Swiggy at number nine, Zepto's rival Blinkit secured the tenth spot

Get smartphones home delivered in 10 mins: Blinkit's latest q-commerce deal

Blinkit CEO Albinder Dhindsa said the q-commerce platform has partnered with Xiaomi and Nokia to deliver their bestselling range in parts of Delhi NCR, Mumbai, and Bengaluru

Zepto set to raise IPO size to $800 mn-$1 bn, targets $5.5 bn sales by FY26

Zepto aims for 40 per cent domestic shareholding before its IPO; it is merging its Singapore parent with an Indian entity to relocate its domicile to India

Zomato tanks 14% in 2 days post Q3; analysts cut earnings, target estimates

Zomato Q3 results: Zomato, on Monday, reported a 57 per cent Y-o-Y fall in net profit at Rs 59 crore for the October-December quarter

Blinkit, Instamart, Zepto witness sharp GOV surge in quick commerce

The GOVs of all the quick commerce players have been growing strongly. In case of Zomato and Swiggy, the GOV growth has been faster than their food delivery business

Blinkit launches 10-minute food delivery app 'Bistro' across Gurugram

The app is available on Apple's App Store and is currently ranked 12th in the food and drinks section

Swiggy, Zomato slips up to 4%; is 10-minute food delivery raising concerns?

NRAI has alleged that the introduction of standalone apps, Bistro and Snacc, by Zomato and Swiggy respectively is raising issues for restaurant partners

NRAI set to approach CCI over Zomato and Swiggy's 10-minute delivery apps

The NRAI is considering legal action and approaching CCI over Zomato and Swiggy's new 10-minute food delivery apps, citing anti-competitive practices and private labelling concerns