CosmicTaco

Blinkit’s Growth Impacts Modern Retail and E-commerce, Not Kiranas

CosmicTaco · 2024-08-02T15:05:59.146132+05:30

- Blinkit has expanded at the expense of modern retail stores and e-commerce platforms, not traditional kirana shops, according to CEO Albinder Dhindsa. - Quick commerce has shifted non-grocery use cases from e-commerce to faster delivery services, but it can't compete with kirana shops on price and selection. - Blinkit plans to open 2,000 dark stores by 2026, focusing on India's top 10 cities, while rivals like Zepto and Swiggy Instamart also expand. - Blinkit’s revenue rose 145% to Rs 942 crore in the latest quarter, with a significant reduction in EBITDA losses. - Competitors like Swiggy Instamart and Flipkart are also making moves in the quick-commerce space, with varying degrees of financial success. Source: The Arc

Blinkit has expanded at the expense of modern retail stores and e-commerce platforms, not traditional kirana shops, according to CEO Albinder Dhindsa.
Quick commerce has shifted non-grocery use cases from e-commerce to faster delivery services, but it can't compete with kirana shops on price and selection.
Blinkit plans to open 2,000 dark stores by 2026, focusing on India's top 10 cities, while rivals like Zepto and Swiggy Instamart also expand.
Blinkit’s revenue rose 145% to Rs 942 crore in the latest quarter, with a significant reduction in EBITDA losses.
Competitors like Swiggy Instamart and Flipkart are also making moves in the quick-commerce space, with varying degrees of financial success.

Source: The Arc