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Blinkit claims 50% share of India's quick commerce market, hits ₹180 Bn quarterly NOV

Our read

With Zepto, Instamart, Amazon Now and Flipkart Minutes all subscale and burning, consolidation or distressed tuck-ins become plausible as Blinkit's profitability widens the strategic moat.

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The report,

Deepinder Goyal claims Blinkit holds ~50% of India's quick commerce market with ₹180 Bn quarterly NOV, profitable unlike burn-heavy rivals Zepto, Instamart, Amazon Now and Flipkart Minutes. Blinkit posted ₹37 Cr adjusted EBITDA and 2,243 dark stores.

Read next

  1. Blinkit leads quick commerce on product availability at 94.4%; Flipkart Minutes second at 88.7%: Bernstein, , Entrackr

Reported figures

From the report. Source details below

  • NOV ₹14,386 Cr +95.4% YoY
  • adjusted EBITDA ₹37 Cr (9X)
  • Eternal net profit ₹174 Cr (4.5X)
  • revenue ₹17,292 Cr +196% YoY

Other figures

  • 216 net new stores
  • $40 Bn market by 2030

The source

Source Read the source at Inc42 Published

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