Blinkit, Instamart Gain Market Share In Q1 

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SUMMARY

Eternal saw 25% growth and Instamart 22% when the sector’s growth was below 20%, implying both of them gained market share in Q1, ICICI Securities said

This would also mean that Zepto, which is focussing on reducing cash burn and improving its bottom line, likely lost market share during the June quarter

The brokerage said that price discounting steadily decreased across platforms in Q1 and performance marketing spends also remained comparatively muted

Quick commerce majors Blinkit and Instamart gained market share…



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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.

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Blinkit, Instamart Gain Market Share In Q1 


SUMMARY

Eternal saw 25% growth and Instamart 22% when the sector’s growth was below 20%, implying both of them gained market share in Q1, ICICI Securities said

This would also mean that Zepto, which is focussing on reducing cash burn and improving its bottom line, likely lost market share during the June quarter

The brokerage said that price discounting steadily decreased across platforms in Q1 and performance marketing spends also remained comparatively muted

Quick commerce majors Blinkit and Instamart gained market share…



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.

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