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Blinkit, India's leading quick commerce platform, nearly achieved profitability but faces cash burn due to competition.
Blinkit, India's largest quick commerce platform, nearly broke even in the July-September quarter but faced increased cash burn due to competition.
CEO Albinder Dhindsa emphasized that profitability is challenging in low-margin businesses and that focusing solely on market share isn't sustainable.
Blinkit raised more capital to stay competitive, aiming to expand into smaller cities and new categories like beauty and durables while maintaining shared logistics.
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Blinkit, la plataforma de comercio rápido líder de la India, casi logró rentabilidad, pero se enfrenta a la quema de efectivo debido a la competencia.