Consumers in urban cities are embracing the convenience of 10-minute grocery deliveries by companies like Blinkit, Zepto, and Swiggy's Instamart in India, signaling potential for profitability and disruption in the industry.
Analysts note the value of Blinkit, acquired by Zomato for less than $600 million, surpassing its food delivery parent firm, with Flipkart also eyeing entry into the quick commerce market, reinforcing its growth potential.
Investors are highly interested in the sector, with Zomato valued at $19.7 billion despite modest profitability, and Zepto securing unicorn status with a valuation exceeding $3 billion, indicating the market's attractiveness and potential.
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