Zomato's BlinkIt Aims for EBITDA Neutrality Amid Growth
Blinkit founder Albinder Singh Dhindsa said the business was looking to grow as fast as possible while maintaining EBITDA neutrality.
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Blinkit founder Albinder Singh Dhindsa said the business was looking to grow as fast as possible while maintaining EBITDA neutrality.
Zepto has become the first quick-commerce company to levy a platform fee of Rs 2. That is in addition to a late night fee. The company has also done away with free deliveries and now collects anywhere between Rs 5 and Rs 28 as delivery fee.
Blinkit CEO Albinder Dhindsa tweeted that Blinkit had organised a drawing competition in a few schools of Gurgaon and the winning entry from the competition has now been printed on the platform’s delivery bags
Zepto's back-to-back funding rounds come at a time when auditors have said Dunzo, a competitor, may not even be a going concern in the future.
Most of the capital from the previous round still sits in Zepto's bank but the startup has raised more money to build its balance sheet ahead of going public in the first half of 2025, co-founder Aadit Palicha has said