Not concerned about new competitors entering quick commerce space: Albinder Dhindsa of Blinkit
Albinder Dhindsa, chief executive of quick commerce platform Blinkit, on Thursday said that the company isn't concerned about new competitors entering the market.
«We are not too worried about competition entering the space. The space is not small. We provide customers with a service they didn't know they needed. We will stay focused on the customer,» said Dhindsa at the India Mobile Congress 2024.
Blinkit registered Rs 942 crore in revenue during the first quarter of FY25, a significant rise from Rs 384 crore in the same period last year. It reported a gross order value of Rs 4,923 crore, up 130% year-on-year in the April-June quarter.
The Zomato-owned quick commerce platform is looking to take its total dark store count to 2,000 by the end of 2026.
The quick commerce sector is seeing a lot of action, with companies entering the market to capture a share as well as attracting interest from venture capitalists.
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