Zomato has had a tough start to 2025, with its stock dropping nearly 30% from its 52-week high, reducing its one-year return to 60% following disappointing quarterly results. A standout performer in 2024, the company is now under scrutiny as investors reassess its valuation, growth strategy, and the sustainability of its earnings. For those who … Read more
Blinkit, Swiggy Instamart, Bigbasket, and Zepto had a field day on Akshaya Tritya, thanks to their offer to deliver gold and silver coins in just 10 minutes. To mark the auspicious occasion of Akshaya Tritya and offer gold and silver coins on the doorsteps of the customers, Bigbasket partnered with Tanishq and MMTC-PAMP. Similarly, Swiggy Instamart … Read more
Zomato-owned Blinkit has turned contribution positive in the second quarter for the first time and stayed positive for the entire quarter. The contribution margin (as a percentage of GOV) in the business improved from -7.3% to +1.3% in the second quarter. The quick commerce company bounced back with a 29% quarter-on-quarter gross order value (GOV), … Read more
Blinkit, a quick product delivery firm, has now partnered with Unicorn to deliver iPhone 14. The e-commerce firm announced the new collaboration with Apple reseller Unicorn on Friday. However, the iPhone 14 delivery will be currently limited to Delhi and Mumbai. In India, the sale for newly launched iPhone 14 series (except iPhone 14 Plus), … Read more
NEW DELHI: on Friday said Ernst and Young’s original valuation report on Blinkit stands in absolute and complete compliance with all provisions of applicable laws, even as the latter has come up with another report on the same that suggested a reduced share price for acquiring quick commerce firm Blinkit. “The original report is in … Read more
Mumbai: Shares of food delivery platform fell 6.4% on Monday as analysts were cautious about the company’s acquisition of Blinkit, an instant delivery service firm. Market participants are concerned that Zomato’s path to profitability would get further delayed due to a cash burn of $165 million a year for Blinkit. “Given the intense competitive intensity … Read more