Dunzo, Blinkit, Zepto new distribution platforms for FMCG majors
According to a recent report by Nuvama Institutional Equities Research, 10% of HUL's ice cream sales in Q2 of FY23 came from quick commerce.
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Swiggy FY22 loss doubles to ₹3,628 cr; revenue grows 2x
The net loss of the food and grocery delivery platform widened due to sharp rise in expenses, which spiked to ₹9,748.7 crore, from ₹4,292.8 crore a year ago.
Blinkit to now deliver Apple iPhone 14 in ‘minutes’: CEO
After offering 10-minute grocery delivery, and printout services, Zomato-owned Blinkit comes up with iPhone 14 delivery service
Zomato share dives 10% on Uber stake sale report
Uber plans to sell its entire 7.8% shares in Zomato at ₹48-₹54 apiece, a discount of 2.8-13.6% to Tuesday’s closing price of ₹55.60 on the BSE.
Zomato share halts four-session losing streak; rises 4%
Zomato share price has fallen 25% in the four sessions starting Monday after it announced the acquisition of instant grocery delivery firm Blinkit.
What's behind Zomato’s Blinkit acquisition?
Revenue growth in food delivery is tapering out. How do you continue growing? Quick commerce opens up a new market as the grocery market is much larger than the food delivery market, says an analyst
Zomato share falls 5% post deal to acquire Blinkit
Shares of Zomato fell 5.5% after the food delivery company announced to acquire e-grocery startup Blinkit for ₹4,447 crore in an all-stock deal.
Zomato buys Blinkit for ₹4,508 crore in all-stock deal
Zomato is fully acquiring Blinkit through issuance of nearly 62.9 crore shares, equivalent to equity stake of 6.88% on a fully-diluted basis
Zomato board likely to approve Blinkit acquisition; stock rises 3%
The board of Zomato will meet on June 24 to discuss a potential acquisition of e-grocery startup Blinkit (formerly Grofers)
What’s the hype around 10-minute delivery concept? Pros & cons
The buzz around 10-minute delivery is so strong that almost all top food delivery startups – Zomato, Swiggy, Ola, Zepto, Blinkit, BigBasket – have now come up with their version of quick commerce.
