Gaurav Bagur / The Ken:

Elara Capital report: Blinkit, Zepto, and Swiggy Instamart are generating $350M to $400M in annualized ad revenue, or ~50% of Amazon India's FY 2024 ad revenue  —  Quick commerce is a money pit.  If you take Zomato boss Deepinder Goyal at his word, the sector is torching Rs 5,000 crore ($580 million) every quarter.

Gaurav Bagur / The Ken:

Elara Capital report: Blinkit, Zepto, and Swiggy Instamart are generating $350M to $400M in annualized ad revenue, or ~50% of Amazon India's FY 2024 ad revenue  —  Quick commerce is a money pit.  If you take Zomato boss Deepinder Goyal at his word, the sector is torching Rs 5,000 crore ($580 million) every quarter.

Source: TechMeme
Source Link: http://www.techmeme.com/250321/p5#a250321p5