Market expert Tapan Doshi flags Blinkit's missing profits as the core risk to Eternal's stock, even after recent bounce. Intensifying quick commerce competition from Swiggy Instamart and a looming Zepto IPO threatens to compress Eternal's premium multiples until consistent earnings materialise.

Business Today · Latest · 6/4/2026, 4:00:47 PM

SVF II Lightbulb sold 5.65 crore Lenskart shares at Rs 508.55 apiece, with ICICI Pru, Kotak, Mirae and WhiteOak among buyers. Stock dipped 0.5% midday as the early backer pares its position post-listing and Indian institutions step up.

Financial Express · BrandWagon · 6/4/2026, 10:07:33 AM

Five digital commerce majors have launched a joint coalition with Koan Advisory Group as secretariat to push consumer trust, MSME enablement, supply chain resilience and policy advocacy for India's online retail sector.

NDTV Profit · 6/2/2026, 8:46:53 AM

Five digital commerce majors have launched the Digital Commerce Coalition in New Delhi to push policy priorities around consumer trust, MSME access and supply chain resilience. The body is betting on India's digital commerce market scaling from $165 Bn to $450 Bn in five years, even as Flipkart and Reliance stay out of the founding roster.

Inc42 · Buzz · 6/2/2026, 7:06:37 AM

Five major digital commerce players have launched an India-focused industry body to tackle customer trust, delivery partner welfare, MSME enablement and supply chain issues. Koan Advisory Group serves as secretariat. Notably absent: Flipkart, signalling a potential split in how the sector engages policymakers.

Mint · Companies · 6/2/2026, 6:52:09 AM

Q4FY26 scorecard: Eternal (Zomato/Blinkit) posted 346% PAT growth, 196% revenue jump, and 575% EBITDA expansion. Trent, Titan, Tata Consumer, Asian Paints and Nestle delivered strong prints, but Reliance's 13% PAT decline weighed on the index. Aggregate Nifty 50 PAT rose just 4% YoY—the eighth straight single-digit quarter.

Mint · Markets · 6/2/2026, 5:42:31 AM

Five of India's largest digital commerce players have launched an industry body to engage on policy, consumer trust, MSME access and supply chains. Koan Advisory Group will run the secretariat. Flipkart's absence from the founding lineup is the standout signal in an otherwise unified front.

Entrackr · Newsletter · 6/2/2026, 5:16:49 AM

District is extending beyond entertainment ticketing into venue bookings and brand tie-ups (One8), and exploring acquisitions in venue-discovery after inconclusive talks with Hudle. The Eternal unit clocked Rs 2,736 crore NOV in Q4, up 46% YoY, and is targeting $3 billion NOV by FY30 in a $1.6 billion sports-tech market.

ET Retail · 6/2/2026, 4:16:28 AM

In its Q4 FY26 India strategy note, Motilal Oswal flags consumer discretionary and new-age platforms as preferred bets, naming Titan, Eternal (Zomato parent), Lenskart, Indian Hotels, Radico Khaitan and Delhivery as top ideas. Broader market sees just 5% EPS growth in FY26 against a 16%+ CAGR over FY20-25.

NDTV Profit · 6/2/2026, 4:11:11 AM

Deepinder Goyal says Blinkit commands half of India's q-comm market with ₹180 Bn quarterly NOV and ₹37 Cr adjusted EBITDA (9X jump), while rivals Zepto, Instamart, Amazon Now and Flipkart Minutes remain burn-heavy. Dark store count rose to 2,243 with 216 net adds. Parent Eternal posted ₹174 Cr net profit on ₹17,292 Cr revenue (+196% YoY).

Inc42 · Buzz · 5/29/2026, 10:12:12 AM

Zepto's unlisted shares have slumped 25% in three months to Rs 42-43 as the quick commerce major lines up a $1 billion IPO targeted for July at a Rs 40,000-44,000 crore valuation. Investors are reassessing the cash-burn versus profitability trade-off against listed rival Eternal's Blinkit and Swiggy Instamart.

Business Today · Latest · 5/26/2026, 10:39:33 AM

Special resolution to amend AoA for Indian-Owned-Controlled Company status secured only 72.35% support. Investors cited governance concerns over founder board-nomination rights and FY26 losses of ₹4,154 Cr. Stock down 35% since listing as Instamart battles Blinkit and Zepto.

Inc42 · 5/25/2026, 12:38:31 AM

Soaring temperatures and WFH patterns drove May order volumes up 43% in Delhi and 38% in Bengaluru. Flipkart Minutes saw umbrella demand 10x, Amazon doubled premium smartphone sales. Platforms scaled worker safety with cooling jackets, AC vans, and Swiggy's Project Ashray expanding rest centres from 150 to 250.

ET Hospitality · 5/24/2026, 11:08:15 AM

Shareholders fell short of the 75% threshold needed for Swiggy to qualify as an Indian Owned and Controlled Company, delaying Instamart's shift to an inventory-led model with private labels — a margin playbook already executed by Eternal-owned Blinkit. The setback pushes back the q-commerce arm's next expansion phase.

Business Standard · Companies · 5/23/2026, 10:45:39 AM

CEO Akash Sinha is pivoting Cashfree to SME merchants (+100% YoY) and cross-border (2x revenue) to escape a post-RBI-embargo plateau at ~₹640 Cr. FY25 losses widened to ~₹150 Cr while rival Razorpay scaled to ₹3,783 Cr. A private fundraise is on the table as the PA explores a path back to growth and profitability.

Inc42 · Buzz · 5/23/2026, 8:03:11 AM

Quick commerce volumes spike across metros as summer bites: Delhi +43.3%, Bengaluru +37.6%, Mumbai +30.1%. Flipkart Minutes sees hand fans 23x, umbrellas 10x, watermelon 7x. Amazon, Swiggy, Zomato deploy cooling jackets, AC vans and rest centres — Project Ashray scaling 150 to 250 sites by year-end.

ET Retail · 5/23/2026, 5:05:10 AM

Swiggy's bid to induct CFO Rahul Bothra and co-founder Phani Kishan as directors fell short, securing 72.35% versus the 75% threshold needed for Indian Owned and Controlled Company status. The rebuke lands as FY26 net loss hit ₹4,154 crore and shares trade 45% below listing price, with Instamart's contribution margin still at -1.8%.

The Hindu BusinessLine · 5/22/2026, 2:43:54 PM

Swiggy's plan to reclassify as an Indian Owned and Controlled Company hit a wall after shareholders delivered only 72.36% approval to amend its Articles of Association, below the 75% mark needed. The setback delays Instamart's inventory-led quick commerce playbook even as rival Eternal-owned Blinkit pulls ahead.

Business Today · Latest · 5/22/2026, 2:33:07 PM

Info Edge booked over Rs 8,000 crore in unrealised Q4 FY26 OCI losses on its Eternal (Zomato) and PB Fintech holdings, including a Rs 5,874 Cr Eternal markdown and Rs 2,287 Cr PB Fintech hit. Investors are pressing to ringfence the venture book from core Naukri, 99acres and Jeevansathi operations.

Entrackr · 5/22/2026, 12:42:00 PM

Special resolution to amend Articles of Association fell short of the supermajority threshold, stalling Swiggy's path to qualify as an Indian-Owned and Controlled Company. The reclassification would have unlocked Instamart's inventory-led model under FDI rules, a structural advantage rival Eternal already enjoys.

Outlook Business · 5/22/2026, 9:16:43 AM

Zepto plans to file updated DRHP and launch a ₹11,000 Cr ($1.1 Bn) IPO before July 31. Operates 1,255 dark stores across 61 cities with 1.6 Mn daily orders, last valued at $7 Bn after raising $2.3 Bn. Listing would join Eternal and Swiggy in a market projected to hit $40 Bn by 2030.

Inc42 · 5/21/2026, 9:45:55 PM

The resolution to convert Swiggy into an Indian-owned and controlled entity secured 72.36% support, falling short of the 75% threshold. The setback freezes Instamart's planned shift from marketplace to inventory-led quick commerce, even as Q4 FY26 revenue rose 44.7% to ₹6,383 Cr and net loss narrowed 26% to ₹800 Cr.

Inc42 · Buzz · 5/21/2026, 8:49:55 PM

Special resolution to widen founder Sriharsha Majety's board nomination rights fell short, securing just 72.36% versus the 75% threshold. Proxy advisers and global institutions including Prosus-linked holders pushed back amid widening losses and a 45% share price slide since listing.

Mint · Companies · 5/21/2026, 6:18:13 PM

Bernstein finds Indian q-com platforms spend ₹98-100 per order against ₹116-118 fulfilment cost despite scale gains. Blinkit leads with 77M MAU and 2,222 dark stores across 243 cities; Zepto bets on density with 21 stores per city in 61 cities and 10.5 weekly sessions per user; Instamart trails at 20M MAU.

The Hindu BusinessLine · 5/21/2026, 12:51:03 PM

Deepinder Goyal's wearable venture Temple has signed Zetwerk and Ethereal Machines as contract manufacturers to scale its brain-health monitoring device, after shipping the first 100 units. The startup plans domestic and US market expansion, riding a wearables category projected to hit $4.4 Bn by 2034 at 14.9% CAGR.

Inc42 · 5/21/2026, 10:30:13 AM

Deepinder Goyal's wearable startup Temple has signed manufacturing partnerships with Zetwerk and Ethereal Machines to ramp production past its initial 100-device batch, targeting Indian and US consumers. The company has raised $54M at a $190M valuation from Peak XV, Info Edge, Vy Capital and Steadview.

Business Today · Latest · 5/21/2026, 5:16:41 AM

Elara Capital flags ₹9-10/order fuel cost on food delivery; a ₹10/litre hike could trigger ₹1-2bn EBITDA hit and 4-12% FY27E downgrades. Eternal cushioned by premium mix, ad revenue and pass-through pricing; Swiggy more exposed with lower EV penetration in food delivery vs quick commerce.

Business Today · Latest · 5/20/2026, 8:20:17 AM

Elara Capital warns a Rs 4/litre fuel price increase will squeeze unit economics for food and quick-commerce delivery. If costs aren't passed to customers, FY27 EBITDA impact could hit 4-5% for Eternal (Zomato parent) and 10-12% for Swiggy, given delivery costs of Rs 55-60/order in food and Rs 35-50/order in QC.

ET Retail · 5/20/2026, 6:05:19 AM

Elara Capital flags ₹4/litre fuel hike adds ~₹0.44/order cost across food and quick commerce. A worst-case ₹10/litre move could trim Eternal's FY27 EBITDA by 4-5% on 2.7bn orders, and hit pre-breakeven Swiggy harder at 10-12% on 1.4bn orders.

BL · Consumer & Economy · 5/20/2026, 4:04:17 AM

Recent Rs 4/litre diesel hike adds ~Rs 0.44/order in delivery costs for Swiggy and Eternal (Zomato), per Elara Capital. Worst-case Rs 10/litre rise could erode FY27 EBITDA by 10-12% for Swiggy and 4-5% for Eternal, given delivery costs of Rs 55/order vs Rs 45/order respectively across 1.4bn and 2.7bn annual orders.

ET Small Business · 5/20/2026, 3:38:35 AM