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Blinkit's losses widen to ₹103 cr
Financial Express Chennai
|January 21, 2025
₹5,405 CR; BLINKIT BOOSTS EXPANSION TO OUTPACE RIVALS
BLINKIT, the quick commerce subsidiary of Zomato, reported a higher adjusted EBITDA loss of ₹103 crore for the October-December quarter, up from ₹89 crore during the same period last year. The adjusted EBITDA excludes ESOP costs. Sequentially, the loss expanded drastically from ₹8 crore in Q2FY25.
The losses reflect Blinkit's strategy of rapid expansion to outpace competition in the burgeoning quick commerce segment. "Heightened competition has led to a pause in margin expansion," said Albinder Dhindsa, CEO of Blinkit.
Despite mounting losses, Blinkit's revenue surged 117% year-on-year to ₹1,399 crore in Q3FY25, driven by a sharp increase in gross order value (GOV), which rose 120% to ₹7,798 crore compared to ₹3,542 crore in Q3FY24.
Bu hikaye Financial Express Chennai dergisinin January 21, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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