Blinkit’s Growth Impacts Modern Retail and E-commerce, Not Kiranas

• 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 delivery services, but it can't compete with kirana shops on price and selection.
• Blinkit plans to open 2,000 dark stores by 2026, focusing on India's top 10 cities, while rivals like Zepto and Swiggy Instamart also expand.
• Blinkit’s revenue rose 145% to Rs 942 crore in the latest quarter, with a significant reduction in EBITDA losses.
• Competitors like Swiggy Instamart and Flipkart are also making moves in the quick-commerce space, with varying degrees of financial success.

Source: The Arc