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Here to win quick commerce, will become market leader in near-term: Samir Kumar, Amazon India chiefAmazon is planning to aggressively expand its 10-minute delivery service, Amazon Now, aiming for market leadership despite moderating quick...
MUFG’s new India fund; District goes sportingHappy Tuesday! Japan’s MUFG is doubling down on India just as a new wave of investors moves into the country’s startup market. This and mor...
Uber CEO Dara Khosrowshahi on India bets, Travis Kalanick, jobs in the AI era & moreUber CEO Dara Khosrowshahi anticipates India becoming its largest market in a decade, highlighting dynamic growth and talent. The company i...
ETtech Explainer: What does Blinkit’s growth moderation mean for rivals?The platform recently reported its second straight quarter of positive adjusted Ebitda (earnings before interest, taxes, depreciation and a...
India seeks Mythos access; Eternal's strong Q4Happy Wednesday! India is in talks with Anthropic and the US government to give homegrown companies access to Mythos. This and more in toda...
Eternal Q4 revenue, profit surge on Blinkit boostEternal, which runs Zomato and Blinkit, saw its March quarter revenue surge threefold and net profit rise 4.5 times. Quick commerce margins...
Eternal Q4 pops; Snabbit's new war chestZomato and Blinkit parent Eternal reported strong numbers for the March quarter. This and more in today's ETtech Top 5.
AI chats won't displace food delivery, quick commerce: Zomato founder Deepinder GoyalEternal founder Deepinder Goyal believes AI chat interfaces won't displace food delivery and quick commerce apps, arguing that habitual tra...
Eternal eyeing $1 billion in adjusted EBITDA by FY29, says Deepinder Goyal in shareholder letterEternal founder Deepinder Goyal says the company reached adjusted EBITDA profitability in FY24 after 16 years and targets $1 billion by FY2...
Blinkit flags growth moderation as margins improveBlinkit, India's largest quick commerce platform, expects growth to slow as its base expands. The company reported improved profitability f...
Eternal targets $20 billion in B2C NOV by FY28; $1 billion in adjusted Ebitda by FY29: Deepinder GoyalFood and grocery delivery firm Eternal has surpassed $10 billion in annual net order value from its B2C operations, a milestone achieved af...
TCS Q4 drags down IT stocks; Swiggy cofounder exitsShares of IT companies declined on Friday as TCS earnings failed to lift investor sentiment. This and more in today’s ETtech Top 5.
Buildit: Eternal CEO Albinder Dhindsa turns author, pens book on Blinkit’s journeyAlbinder Dhindsa, Eternal CEO and Blinkit cofounder, is launching his book Buildit, announced book publisher HarperCollins. The book, price...
Blinkit lands at Mumbai Airport, but not for all flyersBlinkit has launched its services at Chhatrapati Shivaji Maharaj International Airport, with availability at Terminal 2 for domestic depart...
As Eternal names a new CEO, a look back at Zomato’s journeyEternal — the parent company of Zomato and Blinkit — announced in a stock exchange filing on Wednesday that its founder Deepinder Goyal has...
Deepinder Goyal resigns as Eternal CEO; company names Albinder Dhindsa as successorThe company has named Blinkit founder and CEO Albinder Dhindsa as Goyal's successor, effective February 1. Goyal will step into the vice-ch...
This is a change in title, not in commitment: Deepinder Goyal on stepping down as Eternal CEOIn a letter to shareholders, Goyal said this decision comes from his desire to pursue "significantly higher-risk exploration and experiment...
No timers for delivery workers: Zomato's Deepinder Goyal explains Blinkit’s 10-minute delivery promiseBlinkit founder Deepinder Goyal clarified the 10-minute delivery model, emphasizing it relies on system design, not rider speed. Orders are...
No family support and financial backup: College student who picked orders joins Zomato as a designer. Founder Deepinder Goyal shares ‘full circle’ journeyA young man's life changed after working as a picker at Blinkit. He managed his college expenses and pursued his design dreams. Now, he is ...
Zomato CEO Deepinder Goyal's wife embraces Indian traditions; celebrates vibrant Holi with delivery partners. Check photosZomato CEO Deepinder Goyal and his wife, Grecia Munoz, celebrated Holi at a Blinkit store alongside Blinkit founder Albinder Dhindsa. Munoz...