Zomato sees large profit opportunity in Blinkit

Food delivery platform Zomato expects its quick commerce app Blinkit to present a larger opportunity for profit going ahead, compared to its core food delivery business, as its third-largest segment shows encouraging signs of profitable growth.

“We are now seeing profitable economics not just at a store level but also at a city level – where some of our cities are now operating at similar contribution per order as the food delivery business in those cities. So even from a potential profit pool perspective, we think quick commerce is a larger opportunity than food delivery,” the company had said in its shareholder letter.