By the end of this financial year, Zomato is targeting 1,000 Blinkit warehouses, the company said, announcing its quarterly results on Monday. Zomato swung to a profit of ₹175 crore for the ...

The development comes at a time when Blinkit has reported a fall in the take rate to 17.9% in the October-December quarter. A take rate is the percentage of revenue earned from a gross sale.

Quick commerce companies in India are expected to report higher losses in Q4 due to increased competition, higher costs, and expanded dark stores, with profitability remaining uncertain for the next ...

“Zomato’s post-results price action has ... said that underperformance in the December quarter was primarily driven by increased investments in Blinkit—including higher marketing spends ...

Compared to this, we're burning very low numbers. Last quarter, Blinkit burned around ₹35 crore per month on an average," he said. Blinkit is Zomato's quick commerce unit. "They (Zepto) ...

Blinkit posted an adjusted EBITDA loss of INR 103 Cr in Q3 FY25 as against a loss of INR 8 Cr in the preceding September quarter. In a recent research report, brokerage firm Bernstein noted that ...

Disagreeing with the Zomato founder Deepinder Goyal’s remarks on the financial state of India’s quick commerce sector, Zepto CEO Aadit Palicha took to social media to counter Goyal’s claim that Zepto ...