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Tata Sons has expressed dissatisfaction with BigBasket's slow growth in the quick commerce sector, which has allowed competitors like Blinkit and Zepto to gain significant market share. Reports indicate that Tata Sons is urging BigBasket to raise $1 billion to enhance its competitiveness and achieve profitability. The company is under pressure to show improved performance amid a rapidly evolving market landscape, as rivals are reportedly backed by over $1 billion in capital despite not yet achieving profitability. Tata's concerns highlight the increasing intensity of competition in the quick commerce space, prompting calls for a strategic course correction at BigBasket.
Is profitability in quick commerce possible? Why did Blinkit increase cash burn after nearly turning breakeven? Can Blinkit's rivals replicate its journey to almost becoming profitable? @samidhas and I had a long chat w/ Blinkit CEO @albinder about these points Read here 👇 https://t.co/5KY6qvhiv4
🚨🚨In an exclusive #interview with #ET, @albinder CEO of India’s largest quick commerce platform @letsblinkit spoke about a wide range of topics including #profitability in the sector, the company’s #expansion plans and the impact of competitive intensity. A thread:
#LeadStoryOnET | Can #Blinkit's #rivals copy its #playbook & #succeed? #CEO #AlbinderDhindsa thinks not https://t.co/doIAKv9hfD
