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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The Blinkit CEO calling out irrationality while fuelling it is yet another example of a quick-commerce player hoping to outlast rivals in a classic game of one-upmanship.
The highlight of this past week has been Blinkit CEO Albinder Dhindsa’s comment to Bloomberg, where he said that the quick commerce market is a bubble about to burst as his rivals don’t have the money to keep going. From the publication:
The head of India’s biggest quick commerce player says the sector is hurtling toward a shakeout as rivals’ cash dries up, but that his startup will thrive — and continue its expansion. A model that has so far relied on relentless fundraising is nearing its limits and companies will soon have to decide how long they can …
India’s grocery and food delivery platforms are increasingly displaying misleading images of food using artificial intelligence, defeating the very purpose of buying online.
