DEEPINDER GOYAL
Spurring food delivery growth, keeping discipline intact for Blinkit key: Zomato CEO Deepinder Goyal
In an exclusive interview, Goyal said India’s food delivery sector is facing multiple systemic issues that need to be fixed amid the larger slowdown in the industry. Goyal said the quick commerce industry's quarterly cash burn is trending at Rs 5,000 crore but Blinkit is contributing merely 2-3%.
Top tech and startup stories this week
Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
Blinkit, Zepto hike commissions to boost per-order earnings
Blinkit and Zepto are raising commissions to boost revenue amid competition and investor concerns. Zepto’s hikes align with its IPO plans, while Blinkit is shifting to a variable model. Both firms continue aggressive expansion despite increased cash burn and market pressures.
Public sector banks eye fintech tie-ups; Blinkit, Zepto raise commissions
Happy Friday! Public sector banks are eyeing collaborations with fintech startups to boost lending to MSMEs. This and more in today’s ETtech Morning Dispatch.
Blinkit’s commission shift; Semicon Mission 2.0
Zomato’s Blinkit has overhauled the way it charges commissions to brands and sellers. This and more in today’s ETtech Top 5.
With its bottomline under pressure, Blinkit shifts to variable commission rates for sellers
Blinkit has revised its commission structure, shifting from fixed rates to variable pricing based on selling price. This move aims to boost profitability amid competition. The new rates take effect March 13, impacting sellers and brands.
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ETtech Q&A | Zomato CEO Deepinder Goyal on food delivery slowdown, quick commerce burn and more
Even as competition in the quick commerce segment heats up, the food delivery major is continuing to invest in new businesses. Goyal said the company does not operate on budgets or quarter-to-quarter thinking but does what's right for the different businesses under its roof.
Lenskart’s Peyush Bansal on global expansion; Easebuzz hits home run
Happy Wednesday! Lenskart CEO Peyush Bansal spoke to ET about building a global brand, IPO plans and more. This and other top stories in today’s ETtech Morning Dispatch.
The Zomato vs Zepto burn war; M2P Fintech eyes Vue AI
Deepinder Goyal told ET that even as rivals like Zepto haemorrhage cash, Blinkit is walking away with a minimal burn. This and more in today’s ETtech Top 5.
Zomato vs Zepto: Deepinder Goyal's statement on Zepto cash burn 'verifiably untrue': CEO Aadit Palicha
This is in response to the Zomato CEO's comments to ET in an exclusive interview, that Zomato-owned Blinkit only accounts for 2-3% of the cash burn seen in the rapid delivery segment.
Zomato’s 10-minute food delivery offering contributing 8% to platform’s volumes: CEO Deepinder Goyal
The service, named Quick, aggregates restaurants and eateries from where it makes rapid delivery of a limited set of food items. Quick’s rival Bolt from Swiggy, last month clocked a 9% contribution to its food delivery volumes.
Quick commerce sector burning Rs 5,000 crore per quarter: Zomato CEO Deepinder Goyal
Quick commerce player Blinkit accounts for 2-3% of the industry cash burn but has a 40-45% market share. Its focus is on sustaining growth while ensuring discipline in cash allocation for investment, said the CEO of Blinkit’s parent, Zomato.
The Deepinder Goyal interview; Trump boosts Indian crypto
Happy Tuesday! In an exclusive interview with ETtech, Zomato’s CEO Deepinder Goyal spoke about the challenges of food delivery, cash burn in quick commerce, and more. This and other stories in today’s ETtech Morning Dispatch.
Deepinder Goyal reacts after Gurgaon woman shares her experience of availing 10-minute ambulance service
A Gurgaon woman praised Blinkit's 10-minute ambulance service for saving her grandfather’s life. The ambulance arrived swiftly and provided prompt medical care, impressing her with their professionalism and compassion. Blinkit’s CEO Deepinder Goyal acknowledged the post and expressed his well wishes. Users lauded the service's efficiency and suggested further innovations like ultra-fast medicine deliveries.
Top tech and startup stories this week
Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
Startup bosses ditch traditional hiring playbook, add 'headhunter' to their resumes
New-age startup leaders are leveraging social media platforms like LinkedIn and X for direct hiring, bypassing traditional HR channels. This approach has led to an overwhelming number of applications and the hiring of diverse candidates, including those not actively job searching.
Rating vs ‘Match Score’: Zomato's Deepinder Goyal wants to replace 'biased ratings' with personalised recommendations
Zomato CEO Deepinder Goyal is shaking things up by testing a "match score" system to personalise restaurant recommendations based on individual taste. Unlike traditional ratings, this approach aims to cut through mass opinion bias. While some users appreciate the tailored experience, others worry about corporate influence and algorithmic control.
Market slump spooks startups; Blinkit gets a Rs 1,500-crore top-up
Happy Tuesday! The recent stock market downturn has sounded an alarm for IPO-bound new-age companies. This and more in today’s ETtech Morning Dispatch.
Albinder Dhindsa interview; Kraken's India comeback
Happy Thursday! Blinkit CEO Albinder Dhindsa spoke to ET about the quick commerce race, 10-minute delivery and more. This and other updates in today’s ETtech Morning Dispatch.
Wingify’s secret sauce; IndiaAI GPUs red flags
Happy Tuesday! How Wingify founder Paras Chopra charted his own entrepreneurial path from bootstrapping his company to its sale. This and more in today’s ETtech Morning Dispatch.
Zomato launches AI-backed customer support platform Nugget
Zomato developed Nugget as an internal tool over the past three years, and it now supports over 15 million interactions per month on its platforms. This is the first product from Zomato Labs, the company's incubator for in-house innovations.
Zomato shares in focus after launch of AI-backed customer support platform Nugget
Zomato's CEO Deepinder Goyal has introduced Nugget, an AI-supported customer support platform for its food delivery, Blinkit, and Hyperpure segments. Developed over three years, Nugget manages over 15 million interactions monthly and is open to global businesses. Zomato plans to rebrand as Eternal Ltd, consolidating its four main businesses under this new name.
Stocks in news: Zomato, Paytm, SBI Card, GMR Airports, Uno Minda, Ajax Engineering
GMR Airports reported an 11% YoY increase in passenger traffic for January 2025 to 1.06 crore, though it declined 2% MoM. Aircraft movements rose 9% YoY to 63,767 but fell 1% MoM.
Zomato hiring turns into a life lesson: Gurugram woman shares interview experience, CEO Deepinder Goyal reacts
A Gurugram woman, Kashish Goyal, shared her interview experience at Zomato (now Eternal) on LinkedIn, detailing how she realized midway that the role wasn’t right for her. Instead of pretending or leaving, she openly communicated with the team, who responded with understanding and a 20-30 minute conversation to help her. Kashish praised the company’s culture, emphasizing that it’s not about perks but how people are treated when things don’t go as planned.
Udaan’s funding; China’s DeepSeek retort
B2B ecommerce firm Udaan raised $75 million from M&G Prudential and Lightspeed at a flat valuation, its CEO Vaibhav Gupta said on Monday. This and more in today’s ETtech Top 5.
Zomato not changing name to 'Eternal'? Food delivery giant shares update
Zomato's parent company has been rebranded to Eternal Ltd, sparking online discussion and speculation about the future of its services. CEO Deepinder Goyal explained the rebranding differentiates the parent organization from its individual brands like Zomato and Blinkit, marking a new phase in their growth.
'Zomato was an accidental company... Eternal scares me,' says CEO Deepinder Goyal, explaining reason behind name change
Zomato is rebranding to Eternal Ltd. pending shareholder approval. This change involves updating the company’s name, website, and stock ticker symbol. Eternal Ltd. will serve as the parent entity for Zomato, Blinkit, Hyperpure, and District businesses. CEO Deepinder Goyal announced the change, highlighting the company’s journey and future aspirations.
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