Blinkit, Zomato's quick-commerce platform, reported positive adjusted Ebitda in March 2022 and aims for 1,000 dark stores by 2025.
Zomato's quick-commerce platform Blinkit reported positive adjusted Ebitda for March 2022, signalling progress towards profitability. Blinkit aims to have 1,000 dark stores by March 2025 and expand store count by almost 2x in the next 12 months, with a steady-state adjusted Ebitda margin of 4-5%. In Q4, adjusted revenues were Rs 769 crore, with a 96% increase in gross order value (GoV) year-on-year to Rs 4,027 crore.
May 13, 2024
3 Articles