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BLINKIT SHAREHOLDER LETTER
Will Blinkit growth sustain amid competition? 5 things to know from Eternal's shareholder letterEternal's Q1 shareholder letter highlights Blinkit's rapid expansion, improving profitability and rising capital investments, while food de...- Blinkit logs Rs 102 crore operating profit in Q1; sees more predictable competitive landscapeEternal chief executive and Blinkit founder Albinder Dhindsa, in a letter to shareholders, said the company's NOV growth during the quarter...
- Swiggy’s Indian control push; Cultfit’s big IPO swingSwiggy has inched closer to qualifying as an Indian-owned and controlled company. This and more in today's ETtech Top 5.
- Why Meta tapped Kunal Shah; Beauty’s new factory boomHappy Wednesday! Meta just handed WhatsApp’s steering wheel to Cred’s Kunal Shah, betting he can turn India’s favourite chat app into a pay...
- From Rs 4,900 crore to Rs 41,300 crore: How Sanjeev Bikhchandani turned 135 startups into a 743% return machineSanjeev Bikhchandani's Info Edge has achieved remarkable capital compounding, deploying Rs 4,900 crore across 135 startups since 2007, now ...
- Info Edge shares jump 4% as AI portfolio doubles to Rs 1,268 crore; total holdings at Rs 41,300 croreInfo Edge's stock surged over 4% as its artificial intelligence investments more than doubled in value, reaching Rs 1,268 crore. The compan...
- Info Edge says it invested Rs 1,003 crore on AI, deeptech startups since 2020Info Edge, the parent of Naukri, has significantly boosted its AI and deeptech investments, pouring Rs 1,003 crore into 54 startups since 2...
- Where Zepto stands in q-comm; H-1B relief kicks inHappy Wednesday! Zepto's IPO filing reveals where it really stands against Blinkit and Instamart. This and more in today’s ETtech Morning D...
- Zepto's market position; TCS' AI verdict at AGMZepto pulls ahead of Swiggy Instamart on orders, but heavy burn continues. This and more in today's ETtech Top 5.
- Eternal's District ramps up sports push, eyes acquisitionsEternal's District platform is expanding into India's booming sports market, moving beyond ticketing to venue bookings and brand partnershi...
- Swiggy CEO on failed shareholder vote; Indian firms brace for MythosHappy Thursday! Swiggy group CEO Sriharsha Majety opened up about the recent hitch to become an Indian-owned company. This and more in toda...
- Ola Electric eyes commercial EV launch for gig workers amid quick commerce boomSources said the company received approval for the new vehicle in early February and is expected to launch the model in the coming quarters.
- Unfazed by 670X P/E, retail investors add Eternal on dips for 2nd quarter as stock trades 30% off peakRetail investors are showing confidence in Eternal, a food delivery and quick commerce firm. They are buying its shares on price dips, unde...
- 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...
- 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...
- Zomato shareholders approve name change to EternalThe shareholders of Zomato have approved a special resolution to rename the firm 'Eternal', the company informed in a stock exchange filing...
- Zomato Hyperpure acquires Blinkit’s warehousing, ancillary services businessZomato acquired Blinkit's ancillary service for about $8 million in cash.
- Blinkit acquisition to add significant addressable market for Zomato: CEO Deepinder GoyalBlinkit’s proprietary tech platform, the scale of business, and relationships with third-party brands and sellers are key to Zomato.
- Blinkit on Zomato Plate: Board OKs Rs 4,447cr DealTransaction value 40% lower than Blinkit’s last valuation of just over $1 b; Blinkit shareholders to get about 7% in Zomato
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