Tag: Blinkit
The insider who became CEO—Albinder Dhindsa takes the reins at Eternal| Business News
In 2022, Deepinder Goyal handed a lifeline of sorts to Albinder Dhindsa when Zomato acquired a struggling Blinkit for ₹4,500 crore. Today, he has handed…
Deepinder Goyal resigns as Eternal CEO, Blinkit’s Albinder Dhindsa to take over| Business News
Deepinder Goyal is stepping down as the group chief executive officer of Eternal Ltd., according to a regulatory filing on Wednesday. Blinkit’s Albinder Dhindsa will…
Swiggy, Eternal shares in focus after Govt tells them ‘no more 10-minute delivery’| Business News
Shares of Swiggy Ltd. and Eternal Ltd. rebounded from the day’s lows after the central government pursuaded them to do away with 10-minute delivery for…
Zomato, Blinkit deliver record high of 75 lakh orders on December 31: Deepinder Goyal
Synopsis Food delivery platform Zomato and quick commerce firm Blinkit together delivered a record high of 75 lakh orders on New Year’s Eve Wednesday, unaffected…
From earnings to execution: How fundamentals are shaping new-age stock performance
In the short run, the market is a voting machine, but in the long run, it is a weighing machine, wrote Warren Buffett’s mentor Benjamin…
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,…
Swiggy QIP likely next week to give Instamart firepower against Zepto, Blinkit| Business News
Swiggy Ltd. is preparing to raise as much as ₹10,000 crore via a qualified institutional placement next week, in what can be seen as a…
Zomato parent Eternal extends Hyperpure to food businesses big & small
Hyperpure, the B2B grocery supply arm of Zomato’s parent Eternal, has expanded its services from hotels and restaurants to all types of food businesses. ET…
Zepto may file draft IPO papers this month; eyes $450-500 million fundraise from public markets
Quick commerce firm Zepto is once again preparing to file draft documents for an initial public offering, reviving the listing plans it had put on…
Don’t want to chase volume growth at cost of poor AOV, says Swiggy’s Majety
Swiggy will play the long game, focussing on growth and profitability, founder and group CEO Sriharsha Majety said during the company’s post-earnings call, as competition…