Blinkit CEO warns India's quick-commerce boom faces sudden correction as capital tightens
Blinkit's chief flags an unsustainable cash-burn expansion across the sector, predicting a sharp shakeout. Swiggy and Zepto are raising fresh capital amid mounting competition from Amazon, Flipkart and Reliance Retail. The next phase is expected to bring consolidation and more rational discounting.
Blinkit CEO warns India's quick-commerce sector faces sudden correction as capital tightens and cash-burn expansion proves unsustainable. Swiggy, Zepto raising funds amid competition from Amazon, Flipkart, Reliance Retail; next phase to bring consolidation and rational discounting.