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Concerned over its sales slowing down, Reliance Retail Ventures Ltd (RRVL) is reportedly slashing jobs - along with other ...

In an exclusive interview with the Economic Times, Albinder Dhindsa, founder and CEO of India's largest quick commerce firm, Blinkit, stated that it is a misconception to believe that its heavily loss ...

In an exclusive interview with the Economic Times, Albinder Dhindsa, founder and CEO of India's largest quick commerce firm, Blinkit, stated that it is a misconception to believe that its heavily loss ...

The Sensex closed marginally higher on Tuesday, while the Nifty ended flat, as gains in heavyweight financial and auto stocks ...

Blinkit will begin charging sellers and brands selling on the platform a variable commission rate depending on the selling ...

The development comes at a time when Blinkit has reported a fall in the take rate to 17.9% in the October-December quarter. A take rate is the percentage of revenue earned from a gross sale.

The quick commerce sector collectively burns approximately Rs 5,000 crore per quarter. In contrast, Blinkit’s monthly cash burn is just Rs 35 crore, claims Zomato Ceo as reported by Economic Times.

“Year over year, the fourth quarter saw organic growth of system sales, with an improvement of 2% compared to Q4 2023,” Lefebvre continued. “These results were mainly attributable to the ...