“Will grow Blinkit’s market share aggressively”: Eternal CFO Akshant Goyal

Share via:


Quick commerce platform Blinkit continued to weigh on parent company Eternal’s profitability in the January–March quarter, as it ramped up its dark store network. Eternal CFO Akshant Goyal, however, underscored that the company will aggressively pursue market share gains for Blinkit, even if it comes at the cost of short-term profitability.

For Q4FY24, Blinkit reported adjusted Ebitda losses of Rs 178 crore, widening from Rs 103 crore in the previous quarter (Q3FY24). However, the platform’s gross order value (GOV) grew 21% sequentially to Rs…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

“Will grow Blinkit’s market share aggressively”: Eternal CFO Akshant Goyal


Quick commerce platform Blinkit continued to weigh on parent company Eternal’s profitability in the January–March quarter, as it ramped up its dark store network. Eternal CFO Akshant Goyal, however, underscored that the company will aggressively pursue market share gains for Blinkit, even if it comes at the cost of short-term profitability.

For Q4FY24, Blinkit reported adjusted Ebitda losses of Rs 178 crore, widening from Rs 103 crore in the previous quarter (Q3FY24). However, the platform’s gross order value (GOV) grew 21% sequentially to Rs…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Cognizant to hire 20,000 freshers in 2025

US IT firm Cognizant, which has a huge...

Restaking can make DeFi more secure for institutional traders

Opinion by: Amitej Gajjala, co-founder and CEO of...

Over 60% of Hyperpure’s revenue now comes from non-restaurant...

Zomato parent Eternal has, for the first time,...

Popular

Upcoming Events

Sam Altman-backed startup rolls out eyeball-scanning tech across US

Tools for Humanity, a startup co-founded by OpenAI...

KP Group strengthens operations through advanced technology adoption PNN...

Surat (Gujarat) , May 1: KP Group, one...

MultiBank, MAG, Mavryk ink world’s largest $3B RWA tokenization...

MultiBank Group, the world’s largest financial derivatives institution...
GdfFD GFD GFD GFD GFD GFD GFD