BLINKIT
Quick commerce gains festive momentum, ecommerce demand slows in final week
Quick commerce platforms are experiencing a surge in last-minute Diwali purchases, with brands reporting a three- to five-fold increase in orders for gifting items, puja essentials, and home decor. This contrasts with a slowdown in the broader e-commerce sector, where major planned purchases have already concluded.
Grab & Go! Reliance, Tata lead quick commerce push in electronics
Quick commerce in electronics is gaining traction as major players like Reliance Retail and Tata Group enter the segment with plans for nationwide expansion. Industry executives said the move could transform the quick delivery landscape, currently dominated by groceries, due to higher-value purchases and rising consumer demand for instant gratification.
Reliance Retail operationalises 600 dark stores pan-India to scale hyper-local delivery
Reliance Retail is rapidly expanding its quick commerce reach by operationalizing over 600 dark stores nationwide, aiming for under 30-minute deliveries. This strategic move, coupled with JioMart's extensive physical store network, has fueled impressive growth in daily orders and customer acquisition, positioning it as a dominant player in the hyper-local delivery market.
Quick delivery of gold, silver coins on the rise this Dhanteras
Quick commerce apps are experiencing a significant surge in gold and silver coin sales this Dhanteras, with ultra-fast delivery options available for smaller denominations. Platforms are also offering wider festive assortments and discounts, anticipating a strong Diwali sales period driven by last-minute purchases.
Quick commerce: Why investors seek a share as they 'add to cart'
Quick commerce is booming in India, with 10-minute deliveries becoming common in cities. Investors are pouring money into companies like Blinkit, Instamart and Zepto, driving up valuations. These platforms are gaining significant market share, even as they report losses. Analysts predict the rapid delivery market will reach $57 billion by 2030, highlighting its immense potential.
Top tech and startup stories this week
Welcome to a new edition of ETtech Unwrapped — our weekend newsletter packed with the most important stories this week. Let's take a look.
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Zepto’s $450 million funding could increase competition, cash burn in industry: analysts
Quick commerce platform Zepto closed a $450 million round in a mix of primary and secondary transactions on Thursday. Founder Adit Palicha told ET in an interview that the firm plans to invest the proceeds in growth, adding a “few hundred” dark stores, and focus on volume expansion over the next 12 months.
ETtech Explainer: Decoding Blinkit's 9X revenue surge amid slow margin growth
Eternal-owned Blinkit reported a 9x jump in its revenue in Q2 of FY26 to Rs 9,891 crore, up from Rs 1,156 crore in the same period last year. This follows the company's shifting from a marketplace model to an inventory model and aggressive expansion of dark stores. The topline growth of Blinkit also came on the back of the aggressive expansion of its dark stores. The company added 272 new dark stores in the September quarter, bringing the total count to 1,816 stores. It plans to reach the 3,000 mark by March 2026.
JioMart records 200+% growth in quick hyper local delivery segment
JioMart has achieved remarkable growth in Quick Hyper-Local deliveries, surging over 200% year-on-year. The platform welcomed 5.8 million new customers in the second quarter. Reliance Retail Ventures Limited also reported robust double-digit growth across its grocery, consumer electronics, and fashion segments. The company expanded its store network significantly, further strengthening its market presence.
Lenskart's pre-IPO capital rush; Capgemini seals WNS deal
Lenskart is expected to close a pre-IPO fundraise ahead of its planned listing. This and more in today's ETtech Top 5.
OnePlus Diwali 2025 sale begins with major discounts on smartphones, tablets, and audio devices
OnePlus has launched its Diwali 2025 sale with significant discounts on smartphones, tablets, and audio devices. Deals are available on popular models like the OnePlus 13 series and Nord series. Audio products including various OnePlus Buds and Bullets Wireless are also discounted. OnePlus tablets like the Pad 2 and Pad 3 are part of the sale.
Eternal share price targets raised up to Rs 480. Were Q2 results good or bad?
Eternal's shares dipped despite brokerages raising targets. Analysts are optimistic about long-term growth in food delivery and quick commerce, citing strong revenue compounding and margin improvements. While some see short-term investor disappointment, others highlight Blinkit's market share gains and unit economics, even with increased spending.
Eternal shares slide 4% after 63% YoY dip in Q2 PAT but brokerages remain positive
Following a disappointing profit report, shares of the food delivery company Eternal fell sharply. In a surprising twist, however, their revenue soared significantly. Brokerage analysts are issuing mixed reactions with varying target price adjustments. On a promising note, Blinkit, their fast-commerce segment, is scaling up swiftly and is expected to hit breakeven shortly.
Infy, Eternal Q2 report; Zepto's latest funding round
Happy Friday! As the earnings season progresses, IT giants Infosys and Wipro, and Eternal, reported their Q2 numbers. This and more in today's ETtech Morning Dispatch.
‘Unseen’: book on Zomato to hit stands on October 31, says Eternal CEO Deepinder Goyal
The book chronicles the food delivery giant’s journey of 15 years and is written by the vice president of operations, Megha Vishwanath.
Zomato, Blinkit parent Eternal reports threefold jump in operating revenue
The Deepinder Goyal-led company posted a 183% rise year-on-year in the operating revenue at Rs 13,590 crore during the quarter under review, the filing showed. Net profit fell 63% YoY to Rs 65 crore.
Infosys' strong Q2; Eternal triples revenue
Infosys announced a strong Q2 with high profit and revenue. This and more in today's ETtech Top 5.
Eternal shares fall 4% after Q2 results. 10 things team Deepinder Goyal said in shareholders’ letter
Eternal (formerly Zomato) shares fell nearly 4% after Q2 results showed a sharp drop in profit. In a shareholder letter, CEO Deepinder Goyal highlighted gradual growth recovery, strong quick commerce expansion, improved margins, and continued investments in Blinkit, Hyperpure, and District despite weak discretionary demand.
Blinkit targets 3,000 dark stores by March 2027
Blinkit aims to expand its network to 3,000 dark stores by March 2027, says CEO Albinder Dhindsa. This growth supports its lead in the 10-minute delivery market. The company currently holds over 50% market share, ahead of rivals like Zepto, Swiggy Instamart, and Flipkart Minutes.
Eternal shares rise 2%, hit record high ahead of Q2 earnings; quick commerce to lead growth, say experts
Eternal share price: Eternal shares hit a record high ahead of Q2 results, with analysts expecting robust topline growth led by Blinkit’s quick commerce business. However, profit may drop up to 71% year-on-year due to elevated delivery costs and weak margins in the food delivery segment.
Eternal Q2 Preview: Blinkit to power 137% YoY topline surge, but among villains for up to 71% PAT fall. 5 things to watch
Eternal, Zomato's parent, anticipates robust revenue growth in Q2, fueled by its quick commerce arm, Blinkit. However, profitability may dip year-on-year due to expansion costs and rider incentives. Analysts foresee strong topline momentum but caution on margin recovery amidst intense competition.
Swiggy, Eternal to see margins improve in Q2FY26: Analysts
Indian online delivery firms Eternal and Swiggy could see profit margins improve slightly in the second quarter, analysts said, after at least a year of accelerating losses in their quick commerce arms due to higher costs.
Quick commerce platforms go big on Diwali discounts as festive demand peaks
Quick commerce firms are pulling out all the stops for Diwali. Discounts are rising, product lines are expanding, and the battle for the baskets is heating up. Average discounts have climbed to over 20% on Blinkit and 15-16% on Zepto, up from around 10-12% last month. While these are average numbers across categories, certain products are marked down by as much as 60-70% from the maximum retail price, along with other deals such as ‘buy one get three.’
HCLTech's lukewarm results; ED's deal for Flipkart
HCLTech reported flat net profit in July-September quarter but an 11% bump in revenue. This and more in today's ETtech Top 5.
ETtech Explainer: How Blinkit ran out of room due to the festive rush, inventory model
India's largest quick commerce platform, Blinkit, is experiencing warehouse disruptions in key cities due to a surge in festive demand and its shift to an inventory-led model. This operational challenge is impacting sellers, who are missing out on crucial Diwali sales as Blinkit pauses new product intake to manage overloaded warehouses.
Diwali discounts fuel qcomm; TCS CEO on green shoots
As the festive season peaks during Diwali, quick commerce platforms are dialling up discounts. This and more in today's ETtech Morning Dispatch.
Diwali Downer: Blinkit facing disruptions at its large warehouses
To streamline these issues, Blinkit has stopped accepting stocks for new and pre-launch products at its warehouses until October 31, per an email sent to sellers by the Gurugram-based company. ET has reviewed a copy of the email.
Gurgaon Blinkit store raided after customer receives rotten paneer twice; Food safety officials urge vigilance ahead of Diwali
A Gurugram resident's complaint about receiving rotten paneer twice from Blinkit led to a raid by the Food Safety Department. Officials collected multiple food samples for testing, with strict action promised based on lab results. This incident occurs amidst intensified citywide food inspections ahead of Diwali.
Blinkit CEO issues warning to brands over fake listing claims
All listings, according to Albinder Dhindsa, must go through official channels, and dealing with unauthorised resellers could result in products being taken down from the platform.
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