Food delivery giant Zomato’s shares surged over 131% on a year-to-date basis, delivering multibagger returns to investors. Zomato plans to invest Rs 2,100 crore in Blinkit’s capex over FY2026-28, including the development of dark stores and warehousing capabilities. The brokerage noted that Zomato’s food delivery business continues to grow, with a 24% year-on-year increase in power customers to 34 lakh …
Zepto is looking to set up bigger dark stores for stocking a larger assortment of products, as the online grocery platform seeks to move into non-grocery delivery, according to two people aware of the company's plans, Mint reported. Over the coming months, Zepto will look to set up one or two big storage facilities in major cities for items such …
Blinkit is widely known among many users in and around Delhi as the app promises to deliver groceries and other kitchen items in under 10 minutes. Blinkit delivery partners claim the Zomato-owned food delivery company has revised its payment structure, under which compensation paid to partners has been reduced significantly. Blinkit has not yet confirmed the revised payout for delivery …
Zomato-owned Blinkit's CEO Albinder Dhindsa has said that the company is looking to expand its micro-fulfilment centres or dark stores count by around 40 percent in next 12 months. Currently, we believe that we can comfortably grow our dark store count by around 30-40 per cent over the next 12 months," he added. In the third quarter, he said Blinkit …
