Zomato’s Blinkit Expansion Drives Losses, But Analysts Remain Bullish on Long-Term Growth
Zomato’s Blinkit Expansion Pushes Profits Lower Zomato’s aggressive expansion of its quick commerce business, Blinkit, has been a double-edged sword, leading to a notable dip in the company’s profitability in its Q3 earnings for the December quarter. The food delivery aggregator reported a significant 57 percent drop in net profit, with losses being mainly attributed…
