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The Latest Breaking News from Blinkit

SoftBank snags Rs 2,873 crore from Lenskart stake sale, clocking 7x return

SVF II Lightbulb Cayman, a SoftBank affiliate, sold 5.65 crore shares, or 3.25%, in Lenskart for Rs 2,873 crore through a block deal on Wednesday. The shares were sold at Rs 508.55 apiece, with Goldman Sachs, Fidelity, Quant Mutual Fund, WhiteOak Capital, and other institutional investors among the buyers. SoftBank’s…

The Economic Times

Bigbasket elevates Seshu Tirumala as COO as it sharpens quick commerce push

Tirumala joined BigBasket in 2014 and was most recently its chief buying and merchandising officer. He has also overseen sourcing, category management and private labels. BigBasket said its private-label business now contributes nearly 40% of total sales.

The Economic Times

FSSAI asks Blinkit to explain consumer illness linked to curd order

India's food regulator FSSAI has asked quick commerce firm Blinkit for an explanation. This follows a complaint from a person who reportedly fell sick after eating curd ordered through the Blinkit app. The complainant required medical attention. FSSAI has received multiple complaints about unhygienic food from Blinkit sellers. The firm…

The Economic Times

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For a match made in retail heaven, friction on earth can be real

Quick commerce is transforming Indian retail. Platforms like Blinkit and Zepto now drive a significant portion of online sales for major FMCG companies. This shift captures impulse buys and premium product sales. However, operational costs and competition pose challenges. Brands must diversify their digital strategies beyond just ten-minute deliveries for…

The Economic Times

Ola Electric eyes commercial EV launch for gig workers amid quick commerce boom

Sources said the company received approval for the new vehicle in early February and is expected to launch the model in the coming quarters.

The Economic Times

'India is very convenient': UK tourist says Blinkit helped her after she forgot to pack an outfit

India is very convenient: A Welsh travel creator has gone viral after documenting her experience using Blinkit during her India trip to order a last-minute Holi outfit. Shocked by how quickly the clothes arrived, she joked that the UK “could never” match the convenience.

The Economic Times

ETtech Explainer: How Swiggy’s failed bid to become an Indian firm matters for Instamart

Swiggy's bid to become an Indian-owned-and-controlled company (IOCC) has been delayed after shareholders failed to approve changes to its articles of association. This governance reset was crucial for its Instamart unit to gain inventory flexibility and improve margins, a strategy that benefited rival Eternal.

The Economic Times

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IT sector a contrarian opportunity at current valuations: Aditya Shah

Aditya Shah of Hercules Advisors identifies power, banking, chemicals, and real estate as promising sectors for long-term growth amidst global uncertainty. While cautious on EMS due to valuations, he sees potential in quick commerce players demonstrating disciplined execution and profitability, favoring Blinkit currently.

The Economic Times

Melody toffees are reportedly out of stock on Blinkit, Instamart after PM Modi gifts it to Giorgia Meloni

A gesture by Prime Minister Narendra Modi towards Italian PM Giorgia Meloni has unexpectedly caused a surge in demand for Indian candy Melody. The toffees reportedly went out of stock on several quick-commerce platforms, fueled by the viral '#Melodi' trend online. This humorous situation saw social media users joking about…

The Economic Times

Early-stage vertical commerce startups continue to draw VC interest across beauty, fashion, services

Investors are pouring money into quick commerce startups across fashion, beauty, and services. Companies like Firi, Dazzl, and Klydo are seeking substantial funding. This rush signals a focus on convenience driving profitability. VCs are backing these ventures, aiming to capture the next big player in various niche markets. The trend…

The Economic Times

Blinkit rider picks up cricket bat after delivery, internet says ‘dreams never die’

A heartwarming video of a Blinkit delivery executive has gone viral. The man was seen practicing cricket shots with a bat during his delivery routine. He then lovingly kissed the bat before continuing his work. The clip has touched thousands online, sparking conversations about dreams and passions.

The Economic Times

Poor-quality eggs sold online? FSSAI seeks explanation from Blinkit amid customer complaints; know safe storage tips and health benefits of consuming eggs

India's food regulator, FSSAI, has summoned quick-commerce platform Blinkit to explain consumer complaints regarding the sale of poor-quality eggs. Reports indicate issues like foul smells and rubbery textures, prompting FSSAI to hold e-commerce platforms accountable for product quality. The regulator also outlined guidelines for proper egg storage to maintain freshness.

The Economic Times

Petrol, diesel price hike impact: From milk, onions, Blinkit deliveries to Uber fares & others, here's all that may get costlier

Petrol, diesel price hike impact: Centre’s Rs 3 per litre hike in petrol and diesel prices may not feel massive immediately, but its ripple effect could slowly hit everyday expenses — from vegetables and milk to Blinkit deliveries, cab rides, and even flight tickets. Since fuel powers transport across India,…

The Economic Times

SoftBank logs $600 million paper loss on India-listed portfolio in March quarter

SoftBank's Indian investments faced a significant downturn in the January-March quarter. Several prominent companies like Swiggy and Ola Electric saw their market value drop. This led to substantial paper losses for SoftBank's Vision Fund. Despite overall gains from other investments, the Indian portfolio's performance highlights recent market challenges. SoftBank has…

The Economic Times

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The Economic Times

SoftBank logs $600 million paper loss on India-listed portfolio in Jan-Mar

The Economic Times

Amazon primes a Blinkit showdown; New insurance models prop up

Happy Tuesday! Amazon's late but strong push into quick commerce is unsettling market leader Blinkit. This and more in today's ETtech Morning Dispatch.

The Economic Times

ETtech In-depth: Amazon’s quick commerce blitz rattles Blinkit’s playbook

Amazon's aggressive 10-minute delivery push is intensifying competition in India's quick commerce market, putting pressure on leader Blinkit. While Blinkit previously focused on premium customers, it's now recalibrating strategy amid rising competition. Amazon leverages its Prime membership for speed and selection, aiming to capture the same urban, high-frequency shopper.

Times Life

An Indian mother is all smiles after placing her first Blinkit order; her daughter says, 'They are the last generation of innocent parents'

When was the last time you got really excited and smiled ear to ear? When you got a really good salary hike? Or when you paid the last EMI on your car loan? Well, you don't need to have a big achievement to wear a heartfelt smile. Learn it from…

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Times Life

4 Powerful Business Lessons from Zomato CEO Deepinder Goyal

Deepinder Goyal, the co-founder and CEO of Zomato, is one of the most inspiring entrepreneurs in our country. Not just Zomato, his other business ventures, including Blinkit, District and so forth, are also highly influential and successful. Throughout his interviews, Goyal always takes care to gift us some powerful words…

Whats Hot

Who is Albinder Dhindsa, Eternal Limited’s New Group CEO?

Eternal Limited, the parent company of Zomato and Blinkit, has announced a major leadership shift. Albinder Dhindsa, the founder and CEO of Blinkit, will take over as Group CEO from February 1, 2026, while Zomato founder Deepinder Goyal moves to the role of Vice Chairman.

Newslaundry

TV Newsance 328 | 10 minutes for you, 15 hours for them. What Zomato’s CEO won’t tell you

On this week’s episode of TV Newsance, we look at the brutal reality of India’s gig economy. This isn’t a usual episode – we step away from studio shouting matches and spotlight some actual good reporting.

The Independent UK

Why India is asking its super-fast delivery services to slow down

Quick-commerce companies start removing ‘10-minute delivery’ promises after labour ministry raises worker safety concerns

Newslaundry

Get your Milton Friedman and Ayn Rand right: Zomato and Blinkit aren’t capitalism

Late last week, I wrote a piece responding to Deepinder Goyal’s tweets on how he views India’s gig economy. It went viral – and as is inevitable with anything that does, it brought with it an equal measure of bouquets and brickbats.

Newslaundry

When privilege pretends to be economics: Why Deepinder Goyal gets it royally wrong

On January 1, 2026, Deepinder Goyal, founder of Eternal – the company behind Zomato and Blinkit – came out all guns blazing on X (formerly Twitter). He said that, “unaffected by calls for strikes,” over 4.5 lakh delivery partners across Zomato and Blinkit delivered more than 75 lakh orders on…

The Independent UK

Why Indian gig workers are on strike on New Year’s Eve over ‘10-minute deliveries’

Quick commerce and food delivery services offer higher commissions as thousands of gig workers strike during holiday

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