
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 delivery executives went on strike last week, demanding the rollback of recent changes made to delivery incentive structures in Delhi NCR.
Quick commerce players offer the lowest discounts due to their focus on convenience.
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.
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.
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.
The list is compiled across four pillars namely employee growth, job seeker interest, member engagement with the company, and its employees, and the ability of start-ups to attract and retain talent.
The Zomato Future Foundation will cover the education expenses of up to two children up to ₹50,000 per child per annum of all delivery partners who are on its fleet for over 5 years.
"We have grown quarter on quarter, turned multiple micro markets profitable on an operating basis, we have got our burn per order down significantly," says co-founder & CEO Aadit Palicha.
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.
New players like Zepto along with biggies such as Blinkit, Swiggy and Dunzo are ramping up operations with micro warehouses and under 30-minute deliveries. Will their gamble work?