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The Walmart-owned e-commerce firm also appointed Yogita Shanbhag as vice president, human resources, strengthening senior leadership across finance and people functions.
After announcing the move on January 21, Goyal has now submitted his formal resignation, even as he is set to remain on Eternal’s board as vice chairman, subject to shareholder approval.
Bound by a two-decade friendship and deep personal ties to Zomato — including Dhindsa’s wife Akriti Chopra being among its early co-founders — Deepinder Goyal's trust in Albinder Dhindsa has endured doubt, tension and testing to culminate in the group’s biggest leadership bet yet.
As protests by delivery workers and a government advisory on ultra-fast delivery bring fresh scrutiny to quick commerce, Moneycontrol traces how groceries move from dark stores to doorsteps — and how incentives, infrastructure and timing shape the last mile.
Sources told Reuters that the labour ministry raised the issue during a closed-door meeting on Saturday with representatives of the three companies, urging them to stop advertising deliveries as a 10-minute service.
Goyal said India’s food delivery and quick commerce platforms were enabling economic mobility at a time when formal job creation remains constrained
Zomato acquired Blinkit, then known as Grofers, in 2022 for Rs 4,447 crore, or about $568 million at the time, in an all-stock deal
The defence follows nationwide delivery worker strikes in late December that triggered renewed scrutiny of platform pay, safety and working conditions, even as food delivery and quick commerce firms reported largely business-as-usual operations during the New Year rush.
The record performance comes as rival Swiggy also reported a record surge in New Year’s Eve sales, despite gig worker unions claiming widespread participation by delivery workers in strike calls on December 31.
Although, the exact reason for the altercation is unclear but the video is being shared with claims that the altercation followed a minor collision on the road.
Vipin Kapooria, chief financial officer of Blinkit, has resigned and is expected to return to his former employer, e-commerce giant Flipkart, Moneycontrol reported citing sources
Kapooria, appointed around October 2024, was Blinkit's first full-time CFO since 2022. He has now quit to rejoin Flipkart, marking his third stint with the e-commerce major, just ahead of its IPO, sources told Moneycontrol
The results mark a high-burn scale-up year for Zepto, coming ahead of its planned IPO filing and amid rising competitive intensity in India’s quick commerce market.
Elaborating more on the nature of his job and earnings, the delivery executive said, 'When there are orders available, it's easy to earn more.' But his viral video triggered a discussion on the 'flawed business model' and on who should pay more -- the company or the customers.
A Moneycontrol analysis shows that the three firms have burned nearly Rs 9,000 crore over the past year. Amazon joined the capital-raise party with an expanded $35 billion cheque for India as it doubles down on cloud, commerce and AI investments in the region.
Global investors including SoftBank Group Corp., Temasek Holdings Pte. and Middle Eastern sovereign funds have poured billions into the sector
The latest capital infusion comes as Blinkit ramps up dark-store expansion and rivals Zepto and Swiggy arm themselves with fresh capital, setting the stage for the most aggressive phase of competition in India’s quick-commerce market.
Authorities will continue monitoring grievance channels such as the national consumer helpline. If complaints pour in, punitive action could follow.
While dark store expansion seems to be moderating currently, analysts believe that with quick-commerce players' latest fundraising plans, competitive intensity in the industry may see a revival in the coming quarters
Swiggy, Zepto and Instamart follow Amazon’s quick commerce playbook via Amazon Now, which has already been offering zero miscellaneous charges to attract users in Bengaluru and Delhi-NCR.
The proposed Rs 10,000-crore QIP comes as rivals Zepto and Blinkit expand aggressively and new entrants like Reliance and Flipkart intensify competition in quick commerce.
Analysts say competitive pressure in India’s quick commerce space has been rising for several quarters, and Zepto’s recent fundraise is set to sharpen it further as Blinkit doubles store count, Instamart leans on discounts, and Reliance, Flipkart and Amazon expand into new city tiers
The quick commerce platform is doubling down on store density in India’s biggest cities even as rivals Swiggy, Zepto, Flipkart and Amazon intensify the battle for faster deliveries.
Eternal expects demand recovery in Blinkit from Q3FY26 after GST rate cuts on essentials, but food delivery growth took a short-term hit as the new levy was passed on to customers.
Platforms like Blinkit, Swiggy’s Instamart, and Zepto have also been asked by the government to showcase savings made on account of the GST rate cuts, sources said, adding that this strategy is key to ensuring that tax reductions are leading to lower retail prices on a daily basis.
