Blinkit, Instamart face rising competition, elusive profitability in Q4

The post-results commentary from Zomato parent Eternal as well as from Swiggy had a common denominator: both companies pointed at heightened competition in the quick commerce space. Although Eternal’s Blinkit held on to its lead over Swiggy’s Instamart, financial results for the March quarter showed both quick delivery platforms struggling to turn profitable.