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Blinkit Surges: Revenue Soars, Losses Drop, Zomato Reports Profit
short by / on Saturday, 2 March, 2024
Blinkit's Q3 FY24 revenue hit INR 644 Cr, up from INR 505 Cr in Q2 FY24, reaching INR 1,533 Cr by December. Competing with Zepto and Instamart, Blinkit excelled in customer service and acquisition. Its contribution margin rose to 2.4%, and EBITDA loss dropped to INR 89 Cr, contributing to Zomato's profitable quarter.
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