Tag: Blinkit
Deepinder Goyal says AI chat interfaces won’t displace food delivery and quick commerce business
Eternal founder Deepinder Goyal dispelled fears that artificial intelligence (AI) chat interfaces could displace food delivery and quick commerce apps, while making the case that…
Eternal targets $20 billion in B2C NOV by FY28; $1 billion in adjusted Ebitda by FY29: Deepinder Goyal
Food and grocery delivery company Eternal, which operates platforms such as Zomato, Blinkit and District, has crossed $10 billion in annual net order value (NOV)…
Blinkit flags growth moderation as quick commerce firm’s profitability improves
India’s largest quick commerce platform Blinkit flagged a potential moderation in growth as the base expands, even as it improved profitability in the January-March quarter….
Quick commerce turning to reset lane as profit push tempers growth metrics
After several quarters of breakneck expansion, quick commerce majors Blinkit and Instamart are expected to report moderation in growth in the January-March quarter, as they…
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,…