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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 in the letter:■ Google Pay debuts convenience fee■ Update on Byju’s vs BCCI■ India’s AI, quantum goalsETtech Q&A | Replicating Blinkit’s quick commerce moves won’t ensure success: CEO Albinder Dhindsa 118401688 Albinder Dhindsa, CEO, BlinkitIn an exclusive interview with us, Albinder Dhindsa, founder and CEO of India's largest quick commerce firm, Blinkit, stated that it is a misconception to believe that its heavily loss-making rivals will achieve profitability simply because the Gurgaon-based company can manage to do also spoke about how the existing strategy by quick commerce players to focus on gaining overall market share is not 's cash burn: “Most of our current burn is due to expansion. Based on our growth trends, we could have covered our expansion costs. However, we couldn’t do that because of the higher marketing expenses. The competitive impact is most significant in larger cities—particularly the top eight—where increased competitor spending drives up customer acquisition costs,” Dhindsa stated. 118402200During the October to December period, Blinkit's operational losses rose significantly as it aggressively expanded its pressure: “We expected competition to put pressure on our margins, but that didn’t happen. Now rationality is prevailing, and even if someone wants to fund discounts indiscriminately, brands aren’t getting on board,” he profitability: “There's a misperception that if we are profitable, others can be too, but small deviations in a low-margin business like ours can lead to vastly different outcomes. Small choices can impact key isn’t a straightforward business,” Dhindsa said.
