The whitepaper claims that QC platforms are violating the Competition Act, 2002, by restricting competition through exclusive deals with preferred sellers, effectively blocking independent retailers.
Brokerages remained skeptical about Swiggy’s negative bottomline and cash flows; and intense competition from rivals Zomato, Zepto, and others.
Deepinder Goyal’s strategy of investing in super brands such as Blinkit, as opposed to creating SuperApps, has reaped rich dividends.
Customers in Delhi and Mumbai can also opt for store pickup or home delivery when purchasing the new iPhone from Apple’s stores
Existing investors Glade Brook, Nexus, and StepStone co-led the round with Goodwater and Lachy Groom doubling down as well.
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.
In India's bustling cities, traffic congestion has posed a serious problem to delays and inefficiencies in last-mile deliveries
Zepto aims to turn EBITDA (earnings before interest tax, depreciation and amortization) positive in the next 12 to 15 months.
Most Blinkit stores have now resumed operations, says Zomato
Blinkit delivery executives went on strike last week, demanding the rollback of recent changes made to delivery incentive structures in Delhi NCR.
