In the Balewadi-Baner neighbourhood of Pune, the dark store "Energy Darkstore Services", one of the stores of Blinkit, has been the target of significant action from the Maharashtra Food and Drug Administration. The FDA has ordered this establishment to close immediately due to numerous major irregularities and operating
Aadit Palicha, the CEO and co-founder of Zepto, has openly claimed that the CFO of a rival rapid commerce company is planning a smear campaign against Zepto's leadership, company, and brand. Palicha posted the allegations on 25 May's evening on LinkedIn. Palicha claimed, without naming the
In order to safeguard the interests of small firms, CAIT's secretary general emeritus Praveen Khandelwal allegedly advocated for the establishment of new policy mandates.
According to reports, the Competition Commission of India (CCI) has received a petition from the All India Consumer Products Distributors Federation (AICPDF) accusing Blinkit, Zepto, and Swiggy Instamart of monopolising the market and charging unjust prices. According to a media report, AICPDF President Dhairyashil Patil made the petition. According to
Blinkit, a Quick commerce player, has initiated the delivery of Apple products, such as the MacBook Air, iPad, and AirPods, within 10 minutes in specific cities in India, according to its founder and CEO, Albinder Dhindsa, on February 27. Customers can now receive MacBook Air, iPad, AirPods, Apple Watch, and
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Zomato has invested INR 4,300 crore into Blinkit since acquiring the online grocery delivery service, formerly known as Grofers, in an all-stock deal for INR 4,477 crore in August 2022. Zomato has been investing more in Blinkit, mostly to finance its rapid growth and offset operating losses in
With the distribution of approximately 1.2 Cr in stock options to qualified employees, foodtech giant Zomato has increased the size of its employee stock option plan (ESOP) pool. The company, managed by Deepinder Goyal, announced in an exchange statement on October 2 that its board has approved the issuance
On January 20, foodtech giant Zomato released its financial results for the third quarter (Q3) of the fiscal year 2024–2025 (FY25). 57% Profit Slumps in Q3 of FY25: The foodtech giant's consolidated net profit fell 57.2% to INR 59 Cr from INR 138 Cr in the
A 10-minute ambulance service has now been introduced by Blinkit, Zomato's rapid commerce division. In a post on X, Albinder Dhindsa, cofounder and CEO of Blinkit, stated that the firm is making the initial move to address the issue of delivering prompt and dependable ambulance service in several
Blinkit is currently available in some areas of Jammu as part of Zomato's plan to extend its rapid commerce business to Tier II cities. In a LinkedIn post, Blinkit's CEO and cofounder Albinder Dhindsa stated that three of the company's shopfronts are currently open
Blinkit, Zomato's fast commerce subsidiary, has implemented a novel feature that enables users to eliminate order history from their accounts. Albinder Dhindsa, the CEO and originator of Blinkit, disclosed the advancements on LinkedIn, a networking platform. Dhindsa stated in a post that the feature was introduced last week
Amazon promises to provide daily necessities in 15 minutes or less as it makes a daring entry into India's expanding rapid commerce business. Later this month, the test programme will launch in Bengaluru, bringing competition to a market already dominated by Swiggy Instamart, Zepto, and Blinkit. Samir Kumar,
HDFC Securities, a broking firm, downgraded Swiggy from "add" to "reduce"; however, it raised its target price from INR 430 per share to INR 470. This would indicate a 9.2% decline from the stock's last closing price. Swiggy's stock closed on
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What was essential to push Grofers forward and grow one of the biggest eGrocery players in the Indian market in such a short duration of just 4 years has been the entrepreneurial spirit and the foresight that Albinder Dhindsa carries for the market. Co-founder Dhindsa kept running the day-to-day activities
According to a media report, Blinkit, Zomato's rapid commerce division, has started a pilot programme to test a large-order fleet intended for delivering heavier consumer goods within the Delhi NCR area. Geysers, air purifiers, luggage bags, and PlayStations are among the things handled by the fleet, according to
The All India Consumer Products Distributors Federation (AICPDF) reports that over 2 lakh local "kirana" (general) stores have closed in the last 12 months as customers increasingly use fast delivery services like Blinkit and Zepto. According to various reports, the AICPDF blames these closures on the fast commerce
In a LinkedIn post, Blinkit Chief Technology Officer Sajal Gupta announced the debut of Seller Hub, the seller programme for Zomato's rapid commerce platform, on October 23, 2024. This business structure is based on Fulfilled by Amazon (FBA), which is an e-commerce service offered by Amazon. Brands and
Leading company in the quick commerce space, Blinkit, has extended notice periods for its staff, especially for senior management. A media source claims that this modification, which increases the notice period from zero to two months, is intended to help employers retain talent. The choice to change employment contracts was
Businesses can now enter their GSTIN (Goods and Services Tax Identification Number) while making purchases on the Blinkit platform, thanks to a new feature. Albinder Dhindsa, the CEO, claims that this change is a reaction to consumer demand, especially from companies buying expensive goods like electronics. Businesses can now claim
Users in Gurugram and the surrounding areas of the NCR region can now take advantage of Flipkart Minutes, a new fast commerce service, which was secretly launched by eCommerce giant Flipkart. According to a report by a media outlet, Flipkart Minutes is reportedly now available at several locations in Gurugram,
Zomato, a platform for foodtech and rapid commerce, is going to buy out Paytm's movie and ticketing division. The deal has been in the works between the two businesses for three months now. Following Blinkit in June 2022, this is the first significant acquisition for the Gurugram-based startup.
Only two states, West Bengal and Odisha, allow alcohol home delivery, but media sources say six states may launch a pilot project after assessing it. According to reports, Swiggy, BigBasket, Blinkit, and Zomato may soon deliver beer, wine, and liqueurs. Industry executives informed the media that New Delhi, Karnataka, Haryana,
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Putting in an order for groceries was once considered the most difficult task. Shopping for groceries is becoming more pleasurable because of the development of "smart grocery stores" like Nature's Basket, Dmart, Reliance Mart, and others. But now that technology is driving more solutions, online grocery