Gig workers across India have announced a temporary shutdown of app-based services, warning that rising fuel costs and stagnant payouts are pushing many to the edge.
Zomato founder Deepinder Goyal today announced his resignation from the Group Chief Executive Officer (CEO) position of Zomato’s parent firm Eternal Limited, with effect from 01 February, 2026.
A meeting was held with leading platforms, including Blinkit, Zepto, Zomato, and Swiggy, among others, to address concerns related to delivery timelines.
Swiggy, Zomato, Blinkit, Zepto, Amazon, and Flipkart delivery workers have announced a nationwide strike on December 31, raising the risk of delays and cancellations for food and grocery orders.
Swiggy may be in the third spot in quick commerce while in terms of market share, it is behind Blinkit and Zepto.
Quick commerce platform Blinkit on Thursday announced the launch of its ambulance in 10 minutes service. The company called the move as a beginning of its efforts to enhance emergency medical access.
Blinkit’s rival Zepto saw its expenses surge a whopping 71.6 per cent to Rs 5,747 crore in the last financial year (FY24), as the company clocked Rs 1,248.6 crore in losses.
In 2022, Zomato had acquired Blinkit for $568 million but since then, on the back of improved performance, the latter’s implied valuation has grown to a staggering $13 billion, according to analysts at Goldman Sachs.
The company will be launching PlayStation 5 on its platform on April 5.
Zomato-owned quick delivery platform Blinkit saw its losses increase 8.2 per cent to reach Rs 1,078.9 crore in FY23 from Rs 996.7 crore in FY22, the media reported on Thursday.
