Blinkit, Instamart face rising competition, elusive profitability in Q4

Share via:


The post-results commentary from Zomato parent Eternal as well as from Swiggy had a common denominator: both companies pointed at heightened competition in the quick commerce space. Although Eternal’s Blinkit held on to its lead over Swiggy’s Instamart, financial results for the March quarter showed both quick delivery platforms struggling to turn profitable.Adjusted Ebitda margin as a share of Gross Order Value (GOV)—a measure of profitability—for Eternal’s quick commerce operations dropped to -1.9% in the three months to March 31, from…



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

Blinkit, Instamart face rising competition, elusive profitability in Q4


The post-results commentary from Zomato parent Eternal as well as from Swiggy had a common denominator: both companies pointed at heightened competition in the quick commerce space. Although Eternal’s Blinkit held on to its lead over Swiggy’s Instamart, financial results for the March quarter showed both quick delivery platforms struggling to turn profitable.Adjusted Ebitda margin as a share of Gross Order Value (GOV)—a measure of profitability—for Eternal’s quick commerce operations dropped to -1.9% in the three months to March 31, from…



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

EV Maker Okinawa To Raise INR 60 Cr From...

SUMMARY The EV startup’s board passed a resolution to...

Campus Fund launches $100 million third fund

Campus Fund, which invests in student-led startups, on...

Myntra’s entry to quick commerce in Delhi-NCR and Mumbai...

Amidst critical operational challenges in the quick commerce...

Popular

Upcoming Events

<sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds sdfsds UDJHF UDJHF UDJHF UDJHF UDJHF UDJHF UDJHF