Overview
- Albinder Dhindsa told Bloomberg that a correction could hit within three to six months as the model built on relentless fundraising reaches its limits.
- Swiggy is preparing a roughly $1.1 billion share sale at around its IPO price, while Zepto has raised $450 million ahead of a planned listing.
- Blinkit remains unprofitable but holds more than $2 billion in cash and is investing to expand into new markets, including smaller towns.
- Bernstein recently identified Blinkit as a potential long‑term leader based on execution and cash reserves but warned heavier spending could precede free‑cash‑flow positivity.
- Competition is escalating with Amazon, Flipkart and Reliance moving deeper into rapid delivery, while fragmented supply chains and weak cold storage continue to pressure unit economics.