Consultant

Zepto toh condoms bhi deliver nhi kar rha. Right?

Business Analyst

Blinkit seeing growth in smaller cities, aims to widen footprint gradually  Platform currently in 26 cities, plans to double dark stores to 1,000 by FY25  Blinkit contributes more to Zomato's marke...

Welcome to News Discussion's Private Community

- Blinkit seeing growth in smaller cities, aims to widen footprint gradually
- Platform currently in 26 cities, plans to double dark stores to 1,000 by FY25
- Blinkit contributes more to Zomato's market cap than food delivery business
- Zomato on track to achieve 4-5% Ebitda margin target in food delivery
- Company completes acquisition of Paytm's ticketing business for Rs 2,048 crore 

 Source: [Economic Times](https://economictimes.indiatimes.com/tech/technology/blinkit-seeing-growth-in-smaller-cities-zomato-cfo-akshant-goyal/articleshow/112862643.cms)

Blinkit Expands to Smaller Cities, Plans Rapid Growth: Zomato CFO

Journalist

Blinkit Expands to Smaller Cities, Plans Rapid Growth: Zomato CFO- Grapevine

The Morning Vine 🍇

Welcome to Indian Startups's Private Community

Blinkit: What are the next big bets ?

Product Manager

- Deepinder Goyal has become a billionaire following a record rally in Zomato shares, which have surged over 300% since July 2023.
- Zomato's stock hit a new high of Rs230 on the BSE, boosting its market cap past Rs1.8 trillion and making Goyal India's richest professional manager with a net worth of Rs8,300 crore.
- The surge in stock is driven by expectations that Zomato's quick commerce business, Blinkit, will outperform peers and turn profitable sooner than anticipated.
- Analysts expect Blinkit to surpass Zomato's food delivery business in gross order value (GOV) and strengthen its market position, despite a longer path to sustainable EBITDA margins.
- Goldman Sachs values Blinkit at $13 billion, higher than Zomato's core food delivery business, predicting significant growth in GOV and EBITDA by FY29. 

 Source: Money Control

Zomato Founder-CEO Deepinder Goyal Joins Billionaire Club

One founder who truly inspires me!

- Founded Zomato in 2008 and was doing a completely different thing
- First business model failed. Did global expansion across many countries did not work out
- But created an excellent product: most reliable catalogue of restaurants and reviews
- Got into delivery after Swiggy and others
- Executes like a machine. Raised smaller rounds, cross Swiggy GMV, revenue, was first to get to unit profitability.
- BlinkIt acquisition
- Best startup IPO so far in India 

Truly the grit an entrepreneur must have. 16 years of building. It isn't easy, I am sure.

Corporate Strategist

Zomato is not the same company it was 16 years ago when it was launched, founder Deepinder Goyal said. These comments come as the food delivery company plans to take Blinkit beyond just grocery delivery and essentials and venture into ecommerce.

Startup Mahakumbh | Blinkit will be bigger than Zomato in a year: Deepinder Goyal

Blinkit will be bigger than Zomato in a year - Deepinder Goyal

Product Owner

- Blinkit posted a revenue of INR 942 Cr in Q1 FY25, up 145% from INR 384 Cr reported in the year-ago period.
- The quick commerce vertical’s adjusted EBITDA loss further improved to 3 Cr in Q1 FY25 from INR 133 Cr in Q1 FY24 and INR 37 Cr in Q4 FY24.
- Blinkit’s gross order value (GOV) surged 130% to INR 4,923 Cr in Q1 FY25 from INR 2,140 Cr in the corresponding quarter last year.
- Zomato’s quick commerce vertical Blinkit posted a revenue of INR 942 Cr in the June quarter (Q1) of the financial year 2024-25 (FY25), up 145% from INR 384 Cr reported in the year-ago period.
- On a quarter-on-quarter (QoQ) basis, Blinkit’s revenue jumped 22.4% from INR 769 Cr reported in Q4 FY24. 

 Source: Inc42

Blinkit Q1: Revenue Jumps 22% QoQ To INR 942 Cr, Adjusted EBITDA Loss At INR 3 Cr

This is basis their model on Zomato - accounting for growth potential
The Blinkit acquisition and what Deepinder Goyal has pulled off with it, is unfathomable. Truly legendary.

Blinkit is now more valuable than Zomato according to Goldman Sachs

Operations Manager

Zomato is eyeing a new dish: Paytm's ticketing business. The potential Rs 1,500 crore acquisition is a bold move by Zomato to diversify beyond its core food delivery domain.

The Strategy:
- Bolster "going-out" vertical (event bookings, dining) to offset slowing food delivery growth
- Leverage Paytm's established ticketing platforms to expand the segment
- Capitalize on strong revenue growth in Zomato's current going-out business

For Paytm, the sale is a strategic slice. Faced with regulatory hurdles, the company is refocusing on its payments and lending operations. The deal would allow Paytm to streamline its portfolio and double down on its core strengths.

The acquisition underscores the shifting strategies of India's tech titans as they navigate a fiercely competitive landscape. With growth slowing in traditional segments, companies like Zomato are hunting for new avenues to keep the revenue engine humming.

Another Blinkit story in the making? 🚀

Zomato's Ticket to Growth: Paytm's Booking Biz on the Menu 🎟️🍽️

VC here. Doing this for fun.
Don't take all views seriously.

Comment a startup's name, I'll share if it's promising or whatever I know

Analyst

How important is Blinkit to Zomato? How long will the 10 min delivery burn games go on for? 

Any insider POVs?

Blinkit - Zomato

Business Operations

While I'm proud of these two revolutionising the quick commerce space, I somehow have a bad feeling about this

Profits aren't coming, money is flowing
Don't know what the VCs are seeking?
Why bake a a pie that you can't eat later?

Too much money too soon, where have we seen that?

Ken: Zepto is a bronze medallist acting like a gold medallist. Gazab beijjati hai 😂😂😂

Prime example that one should not just study foreign markets and take everything else for granted.
The west already has much better convenience stores at every nook and corner. Something was different in India. 

Today BlinkIt eclipsed Zomato valuation. Instamart is a key focus for Swiggy. Zepto is on a great path.
All the VCs (except Nexus who backed Zepto) in India lost out in this race. They just looked at the west, and said it won't be possible. Grofers (Blinkit) & Zepto proved them wrong. 

For entrepreneurs: Do not be derailed by VC speak, they will hardly ever get big bets right.

Quick Commerce worked in India, didn't work in the west

Food tech market is 50B+ ( duopoly)

Most of my friends use swiggy for everything like food, groceries and dine out.

They say Zomato sucks in ui ux and 3rd grade restaurants are there at Zomato, swiggy is better at offers and quality restaurants.

Zomato peak stock value was 180inr, which makes it a 15B firm, by that logic swiggy can get even 20B ipo.

PS - Baron capital already raised swiggy valuation to 13.9B usd

What do u think guys?

Swiggy valuation $15B ++

Senior Consultant

Welcome to Office Gossip's Private Community

This is a big big number

Software Developer

First, they had a layoff.
Some people in the leadership quit.
Middle management people are quitting.
They shut down majority of the dark stores.
They are pivoting their business.
They are out of runway.

Blinkit Expands to Smaller Cities, Plans Rapid Growth: Zomato CFO

Discover More

News Discussion on

by Kendall Everett

Grapevine

The Morning Vine 🍇

Indian Startups on

by Anise Lee

Others

Blinkit: What are the next big bets ?

News Discussion on

by Kalan Lee

Grapevine

Zomato Founder-CEO Deepinder Goyal Joins Billionaire Club

Indian Startups on

by Kendall Hyrum

Jupiter

Blinkit will be bigger than Zomato in a year - Deepinder Goyal

News Discussion on

by Jordon Lee

Grapevine

Blinkit Q1: Revenue Jumps 22% QoQ To INR 942 Cr, Adjusted EBITDA Loss At INR 3 Cr

News Discussion on

by Coy Lee

Razorpay

Blinkit is now more valuable than Zomato according to Goldman Sachs

News Discussion on

by Aaron Lee

Grapevine

Zomato's Ticket to Growth: Paytm's Booking Biz on the Menu 🎟️🍽️

Indian Startups on

by Kendall Denver

Venture Capital

Comment a startup's name, I'll share if it's promising or whatever I know

Indian Startups on

by Jordon Lee

Zepto

Blinkit - Zomato

Indian Startups on

by Kalan Dean

Stealth

Too much money too soon, where have we seen that?

Indian Startups on

by Matilda Dean

Flipkart

Ken: Zepto is a bronze medallist acting like a gold medallist. Gazab beijjati hai 😂😂😂

Indian Startups on

by Kendall Taye

Razorpay

Quick Commerce worked in India, didn't work in the west

Indian Startups on

by Jordon Everett

TCS

Swiggy valuation $15B ++

Office Gossip on

by Jordon Carmden

EY

This is a big big number

Indian Startups on

by Jordon Carmden

PhonePe

Dunzo not in a great position