India’s quick-commerce bubble may be close to bursting, Blinkit CEO warns| Business News

India’s quick-commerce sector is hurtling towards a shakeout, Blinkit’s Chief Executive Officer Albinder Dhindsa said, while maintaining that his company would survive and thrive. Blinkit, part of Deepinder Goyal-led Eternal Ltd. that also includes Zomato, is yet unprofitable, despite its cash pile, as it keeps investing to enter new markets. (Reuters) The quick-commerce model, which […]

Swiggy Instamart to deliver 1 gm gold to 1 kg silver on Dhanteras| Business News

Swiggy Instamart will deliver 1 gm gold to 1 kg silver at your doorstep within 10-15 minutes on Dhanteras day, adding yet another chapter to how quick commerce has evolved in the world’s fourth largest economy. Swiggy Instamart’s gold and silver delivery is limited to key metro cities only. (Representative Image/Bloomberg) The quick-commerce unit of […]