Zomato shares hit fresh 52-week high on strong Q2; zoom 170% in 9 months
Zomato reported a consolidated net profit of ₹36 crore in Q2FY24, compared with profit of ₹2 crore in June quarter of FY24 and a loss of ₹251 crore in Q2FY23.
quick commerce
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October 2022
Why fervour of quick delivery is ebbing
In India's bustling cities, traffic congestion has posed a serious problem to delays and inefficiencies in last-mile deliveries
Zepto becomes India's first unicorn of 2023; raises $200 mn at $1.4 bn valuation
Zepto aims to turn EBITDA (earnings before interest tax, depreciation and amortization) positive in the next 12 to 15 months.
No material revenue impact from Blinkit strike: Zomato
Most Blinkit stores have now resumed operations, says Zomato
Blinkit strike causes 1% revenue loss in 3-4 days: ICICI Securities
Blinkit delivery executives went on strike last week, demanding the rollback of recent changes made to delivery incentive structures in Delhi NCR.
Blinkit, Zepto, Instamart, JioMart, DMart: Jefferies orders groceries to find best discounts
Quick commerce players offer the lowest discounts due to their focus on convenience.
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.
Quick commerce will grow 10 times in metros in 1-2 years: Zepto's Vohra
The concept of quick commerce or delivery of groceries and convenience items to customers in under 30 minutes may have seemed bizarre to many initially but the service is clearly gaining traction.
Techpreneurs Taste Public Listing
Newly-listed start-ups do well in stock markets but will have to turn profits to justify their multibillion-dollar valuations.
Can Dunzo's 'subziwala' proposition work?
Dunzo CEO and co-founder, Kabeer Biswas claims that he has doubled his unit economics and margin growth in the past few months.
