India’s quick-commerce bubble may be close to bursting, Blinkit CEO warns
India’s quick-commerce sector is hurtling towards a shakeout, Blinkit’s Chief Executive Officer Albinder Dhindsa said, while maintaining that his company would survive and thrive.
The quick-commerce model, which has so far relied on relentless fundraising, is nearing its limits, Dhindsa told Bloomberg News in an interview. Companies will soon have to decide how long they can keep absorbing steep losses, he said.
