Blinkit Expands to Smaller Cities, Plans Rapid Growth: Zomato CFO

Good morning! Too much has happened in the last 24 hours, we’re going double the size of our 5 news a day quota - here we go:

𝐈𝐧𝐝𝐢𝐚 𝐓𝐞𝐜𝐡 🇮🇳

𝟏. 𝐆𝐫𝐨𝐰𝐰’𝐬 𝐀𝐜𝐭𝐢𝐯𝐞 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫 𝐁𝐚𝐬𝐞 𝐂𝐥𝐢𝐦𝐛𝐬 𝐎𝐯𝐞𝐫 �...

• Blinkit has expanded at the expense of modern retail stores and e-commerce platforms, not traditional kirana shops, according to CEO Albinder Dhindsa.
• Quick commerce has shifted non-grocery use cases from e-commerce to faster deliver...

• Deepinder Goyal has become a billionaire following a record rally in Zomato shares, which have surged over 300% since July 2023.
• Zomato's stock hit a new high of Rs230 on the BSE, boosting its market cap past Rs1.8 trillion and maki...