Profitability isn’t Zomato’s only concern next quarter

Given the fading appeal of quick commerce and stiff competition, the food delivery startup needs to decide what it plans to do with Blinkit.

In the 20-plus pages of transcript of the analyst call held after its latest quarter results, the issue that dominated was the timeline for Zomato to achieve profitability. The next big issue: its interest in the quick grocery delivery business and what it plans to do with Blinkit, the renamed Grofers, which promises 10-minute delivery of groceries.

Zomato has already invested $100 million in Blinkit’s B2B and B2C businesses—Grofers India Pvt. Ltd and Hands-On Trade Pvt. Ltd. It holds a 9.16% stake in the former and 8.94% in the latter. The company had also extended a loan of $150 million …

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Harveen Ahluwalia

Harveen is a co-founder at The Morning Context, and leads our Internet coverage, overseeing a team of reporters writing on startups and tech. She has previously worked as a media, consumer and tech reporter at The Ken and Mint. At The Morning Context, she writes on startups, venture capital, consumer and media businesses—from e-commerce to healthtech to streaming.

Editor, Internet

harveen@mailtmc.com

Mumbai

Author

T Surendar

Surendar helps lead the newsroom at The Morning Context as executive editor. Over the years, Surendar has worked in industries from pharmaceuticals to diamonds, as well as a stint as an equity analyst. In his long career as a business journalist, he has led teams at The Times of India, India Today and Fortune India. He was part of the founding team at Forbes India and interned at and published in The Times, London.

Executive Editor

surendar@mailtmc.com

Mumbai