Correction in q-commerce sector likely to happen soon, says Blinkit CEO Dhindsa

CHENNAI: Quick commerce platform Blinkit’s Chief Executive Officer Albinder Dhindsa has said in an interview that the sector is facing an upheaval as the company’s rivals are experiencing a cash crunch. He added that Blinkit will thrive and continue to expand in the country.

The q-com sector has always depended on fundings from investors, which have reached its limit, he added. Dhindsa said companies will have to decide how long they can keep absorbing steep losses. He added the correction in the sector could come at any time — in the next three or six months or even next week.