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  • Rohit Rao on Purple Pompa’s Journey: Innovating Personalized, Sustainable Skincare Solutions

    StartupTalky presents Recap’24, a series of exclusive interviews where we connect with founders and industry leaders to reflect on their journey in 2024 and discuss their vision for the future.

    India’s skincare market is expected to grow by 2.57% from 2024 to 2029, driven by the demand for personalized and sustainable products. People want skincare that fits into their self-care routines and reflects their values. Trends like clean beauty and technology-driven solutions are shaping the future of this industry today.

    In this edition of Recap’24, we feature Purple Pompa, a brand focused on balanced, natural aging and tech-driven skincare. We connected with Rohit Rao, Co-Founder and CEO of Purple Pompa, who shared insights into the brand’s journey, its AI-powered skin analyzer, and its commitment to transparency and sustainability in the skincare market.

    StartupTalky: What inspired you to start Purple Pompa, and how did you identify the market need?

    Mr. Rohit Rao: Purple Pompa was born out of a desire to redefine how skincare is perceived. We noticed a market gap where most brands focused on anti-aging rather than embracing natural, balanced aging. Drawing from a three-decade-old testing lab’s expertise, we envisioned creating a line that empowers individuals to feel confident at every stage of life. The market need was clear: consumers wanted effective, transparent skin care products aligned with their self-care and sustainability values.

    StartupTalky: How has Purple Pompa’s product line evolved since its launch, and what new features or products have you introduced in 2024?

    Mr. Rohit Rao: Since our launch, Purple Pompa has remained committed to innovation and agility. We’ve expanded our product line to include solutions tailored to specific skin concerns under the Vegan Biomarine and scientific range, thereby expanding our market coverage. We also introduced an AI-powered skin analyzer on our platform, offering personalized recommendations based on skin type and goals. This feature has deepened customer engagement and reaffirmed our commitment to technology-driven personalization.

    Mr. Rohit Rao: The Indian skincare market, valued at approximately USD 1.3 billion, is poised for further growth, and we believe that the brands that will thrive are those that innovate while remaining committed to sustainability and consumer well-being. The industry is gravitating toward holistic skincare solutions and sustainability. Consumers increasingly value safe, transparent, and ethical practices, and there’s a growing demand for personalized, tech-enabled solutions. Opportunities lie in leveraging technology, clean beauty innovations, and expanding into untapped markets for holistic wellness – that is on a threshold of rapid growth.

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    StartupTalky: What key metrics or KPIs do you focus on to measure Purple Pompa’s growth and success?

    Mr. Rohit Rao: We prioritize metrics that capture both growth and customer satisfaction. These include customer retention rates, channel efficiency metrics, our AI analyzer’s adoption, and the volume of positive feedback. Sales growth and penetration in new markets are essential, but they are complemented by tracking our sustainability efforts, such as the adoption of eco-friendly practices in our supply chain.

    StartupTalky: What were the most significant challenges Purple Pompa faced IN 2024, and how did you overcome them?

    Mr. Rohit Rao: One challenge was ensuring agility in a rapidly evolving market. To address this, we implemented an active feedback loop with customers, which helped us refine our offerings. Additionally, supply chain disruptions required us to strengthen partnerships and explore alternative sourcing strategies, ensuring both quality and sustainability remained uncompromised.

    StartupTalky: How does Purple Pompa ensure customer loyalty and engagement, and what initiatives have been particularly successful?

    Mr. Rohit Rao: Our customer-centric approach drives loyalty. Initiatives like our AI skin analyzer and personalized skincare plans have resonated deeply with our customers.  

    StartupTalky: What main channels do you use to connect with your audience, and what role do social media and content play in your strategy?

    Mr. Rohit Rao: Social media is a cornerstone of our strategy, enabling direct engagement with our audience. Platforms like Instagram and LinkedIn showcase our philosophy and educate customers on age-balance skincare. Thoughtful content, from tutorials to blogs, not only builds trust but also reinforces our positioning as a brand that values knowledge and empowerment.

    StartupTalky: As Purple Pompa grows, how do you plan to scale your business in terms of customer base, product offerings, and team expansion?

    Mr. Rohit Rao: We aim to scale by entering new geographies, enhancing our product portfolio with innovative solutions, and building a strong distribution network. Internally, we are building a culture of creativity and collaboration, empowering our team to drive the brand’s vision forward.

    StartupTalky: As a founder, what advice would you give to new entrepreneurs entering the skincare industry based on your experience?

    Mr. Rohit Rao: My advice is simple: stay true to your values and listen to your customers. The skincare industry is dynamic, and success requires constant innovation and adaptability. Prioritize transparency, build a team culture of creativity, and embrace sustainability—it’s not just a trend but the industry’s future.

    Explore more Recap’24 Interviews here.

  • Ashish Kacholia: The Astute Investor and Philanthropist Shaping India’s Financial Landscape

    Ashish Kacholia is the face of the Indian investment market. With his skills in finding growth opportunities in small and mid-cap companies, he has proven himself outstanding. A person with decades of experience in the financial market, he has become one of the household names of retail investors and an important figure in the Indian investment landscape. As a philanthropist, Kacholia is driven by a passion for helping underprivileged communities that need no comparison.

    Let’s look at the story of Ashish Kacholia. We will discuss his net worth, education, personal life, philanthropy, and more.

    Ashish Kacholia – Biography

    Full Name Ashish Kacholia
    Birthplace Mumbai, India
    Nationality Indian
    Education Bachelor’s degree in Production Engineering, Master of Business Administration (MBA)
    College Jamnalal Bajaj Institute of Business Studies (JBIMS)
    Occupation Investor, Entrepreneur
    Known For Founder of Lucky Investment Managers
    Other Titles Co-founder of Hungama Digital
    Parents Ramesh Kacholia (father)
    Philanthropic Focus Education, Healthcare, Livelihoods, Wildlife Conservation, Sports
    Hobbies Golf, Music, Fitness

    Ashish Kacholia – Early Life
    Ashish Kacholia – Family
    Ashish Kacholia – Career Highlights
    Ashish Kacholia – Stock Investments
    Ashish Kacholia – Philanthropy
    Ashish Kacholia – Awards and Recognition
    Ashish Kacholia – Facts
    Ashish Kacholia – Legacy and Impact

    Ashish Kacholia – Early Life

    Ashish Kacholia was born into the Marwari family of a Mumbai business house. These people are known for being great businessmen. Ashish used to be very keen on numbers and analysis from his early days, which later defined his success in the financial markets.

    He had a Bachelor’s in Production Engineering from Mumbai University and later earned an MMS from Jamnalal Bajaj Institute of Management Studies. It was during these periods of academic pursuit that his skills in analysis were enhanced well and the sound foundations for his entry into the finance business were developed.

    Ashish Kacholia – Family

    Ashish Kacholia is married to Sushmita Kacholia, and they have three children. Despite his professional commitments, he values family time and remains deeply rooted in his cultural traditions.

    In his free time, Kacholia can be found playing golf and listening to music besides regular fitness. A balanced life thus speaks of professional success blending into personal satisfaction.

    Ashish Kacholia – Career Highlights

    • Early Career: Kacholia began his career with Prime Securities, where he gained firsthand experience in investment banking and equity research. His journey continued at Edelweiss Capital, further refining his understanding of market dynamics and client management.
    • Co-founder of Hungama Digital: In 1999, he co-founded Hungama Digital with Rakesh Jhunjhunwala as a pioneering venture in the digital entertainment space of India. That demonstrated his innovative spirit and ability to spot emerging opportunities, which ultimately served as the bedrock for his success.
    • Lucky Investment Managers: He established Lucky Investment Managers, a proprietary investment firm specializing in small and mid-cap stocks. His investment philosophy lies in finding undervalued companies with strong fundamentals and great growth potential.
    • Investment Strategy: Kacholia’s portfolio runs very wide across sectors from chemicals and pharmaceuticals, to infrastructure, logistics and consumer goods. He is also known as “Big Whale” among the retail investors for the depth of his research and his acumen as an investor.

    Ashish Kacholia – Stock Investments

    Ashish Kacholia is known as the Big Whale thanks to his in-depth research and investor acumen. Here are some of the stocks he has invested in: 

    Company Sept 2024 Value Cr
    Agarwal Industrial Corporation Ltd. 4 75.2
    AMI Organics Ltd. 1.84 159.56
    Beta Drugs Ltd. 12.52 239.74
    Carysil Ltd. 3.52 75.09
    DU Digital Global Ltd. 9.15 40.77
    Faze Three Ltd. 5.42 55.81
    Fineotex Chemical Ltd. 2.74 103.47
    Inflame Appliances Ltd. 4.2 12.44
    Knowledge Marine & Engineering Works Ltd. 2.78 69.36
    Raghav Productivity Enhancers Ltd. 2.02 31.95
    Safari Industries (India) Ltd. 1.84 229.01
    Shaily Engineering Plastics Ltd. 5.83 391.77
    Stove Kraft Ltd. 1.75 48.64
    Xpro India Ltd. 3.67 119.67
    Yasho Industries Ltd. 4.17 96.13
    SG Finserve Ltd. 1.14 26.05
    Aeroflex Industries Ltd. 1.81 46.61
    Balu Forge Industries Ltd. 1.82 156.62
    BEW Engineering Ltd. 8.54 8.01
    Dhabriya Polywood Ltd. 6.67 27.8
    NIIT Learning Systems Ltd. 2.02 122.46
    Universal Auto Foundry Ltd. 8.32 9.85
    Vasa Denticity Ltd. 3.8 45.49
    Zaggle Prepaid Ocean Services Ltd. 2.37 153.12
    Basilic Fly Studio Ltd. 1.99 15.84
    Brand Concepts Ltd. 1.6 8.55
    Tanfac Industries Ltd. 1.19 34.29
    Updater Services Ltd. 1.5 37.88
    Awfis Space Solutions Ltd. 4.77 239.22
    Man Industries (India) Ltd. 2.1 43.16
    Megatherm Induction Ltd. 1.68 10.53
    Saakshi Medtech & Panels Ltd. 3.53 13.58
    Sanjivani Paranteral Ltd. 3.17 13.99
    Walchandnagar Industries Ltd. 3.17 51.05
    Advait Infratech Ltd. 2.67 44.64
    Aimtron Electronics Ltd. 1.11 12.75
    Bharat Parenterals Ltd. 1.98 19.93
    Cosmic CRF Ltd. 6.52 84.02
    Jyoti Structures Ltd. 2.52 63.38
    Radiowalla Network Ltd. 7.78 6.03
    TBI Corn Ltd. 4.22 14.04

    Ashish Kacholia – Philanthropy

    Ashish Kacholia is deeply involved in philanthropy, with a focus on:

    • Education: He has supported the development of educational institutions, notably contributing to the evolution of a private school for slum children in Tikiapara, Kolkata. The Samaritan Help Mission school, which began in a 350 sq. ft. space for 25 students, has transformed into a multi-storeyed structure providing digitized education to over 3,000 students up to Class X.
    • Healthcare: As a Super Donor of the Sankara Eye Foundation, Kacholia has played a pivotal role in advancing eye care and combating preventable blindness. His contributions extend to funding hospitals and organizing medical camps in underserved regions.
    • Livelihoods and Wildlife Conservation: Kacholia supports initiatives that promote sustainable livelihoods for rural communities and protect wildlife habitats. His philanthropic efforts reflect a holistic approach to societal and environmental well-being. 
    • Disaster Relief and Pandemic Response: During the COVID-19 pandemic, Kacholia actively contributed to relief efforts, funding healthcare supplies and supporting frontline workers. His timely interventions helped mitigate the crisis’ impact on vulnerable populations.

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    Ashish Kacholia – Awards and Recognition

    While specific awards and recognitions are not extensively documented, Kacholia’s investment prowess and philanthropic contributions have earned him respect and admiration within the financial community and beyond.

    Ashish Kacholia – Facts

    • He is being referred to as the “Big Whale” among retail investors because he has invested in very small and mid-cap firms.
    • Co-founder of Hungama Digital since 1999, when he was the first employee of Rakesh Jhunjhunwala.
    • Among such portfolios of Kacholia include chemicals, pharmaceuticals consumer packages, consumer goods metals and Steel infrastructure sectors, and Logistics.
    • He is a trustee at Plaksha University, which reflects his interest in promoting education in India.
    • Despite his substantial wealth and influence, Kacholia maintains a low public profile, focusing on his work and philanthropic activities.

    Ashish Kacholia – Legacy and Impact

    Ashish Kacholia is an inspiring story of the journey of a budding investor turning into a stalwart in India’s financial markets. His dual focus on wealth creation and societal betterment reflects financial acumen’s potential for social good. Kacholia’s legacy is not only defined by his market successes but also by his unwavering commitment to uplifting communities and improving lives.

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    FAQs

    Who is Ashish Kacholia?

    Ashish Kacholia is a well-known Indian investor. He is famous for investing in small-cap and mid-cap stocks. Over time, he built a strong reputation for identifying high-growth companies early. Ashish Kacholia’s stock portfolio is closely watched by investors for ideas and trends. He is also the founder of Lucky Investment Managers.

    What does Lucky Investment Managers do?

    Lucky Investment Managers is an investment firm founded by Ashish Kacholia. It focuses on managing equity investments, primarily in small-cap and mid-cap stocks. The firm is known for identifying high-growth companies and building long-term value for investors.

    What is Ashish Kacholia net worth?

    Ashish Kacholia net worth is INR 3,166.6 crore as of December 2024.

  • Richa Pendake on How Nutrizoe is Redefining Women’s Wellness with Tailored Nutrition Solutions

    StartupTalky presents Recap’24, a series of exclusive interviews where we connect with founders and industry leaders to reflect on their journey in 2024 and discuss their vision for the future.

    India’s women’s health and wellness market is expected to reach $1.325 billion by 2030, growing at a compound annual rate of 7.8%. This growth highlights the increasing need for personalised wellness solutions among women. Nutrizoe supports this with its range of products designed to enhance women’s health at every stage of life.

    In this edition of Recap’24, we connected with Ms. Richa Pendake, Founder and CEO of Nutrizoe, who shared insights about her journey of addressing women’s unique wellness needs. From launching Lactobites, India’s first lactation bar, to introducing SnackEasy, a pregnancy snack designed after extensive research, Richa discussed how Nutrizoe blends modern science with traditional wisdom to empower women through every stage of life.

    StartupTalky: What inspired you to start Nutrizoe, and how did your personal experiences shape the brand’s vision?

    Ms. Richa Pendake: As a mother and a woman, I faced several nutrition-related challenges throughout different stages of my motherhood. These personal experiences highlighted a significant gap in the market for tailored nutrition solutions for mothers. Especially when they take care of everyone else in the family except themselves. I wanted to create products that truly cater to the unique needs of women, providing them with the nourishment they need to thrive. This inspiration led me to start Nutrizoe, with a mission to support women through every phase of their lives.

    StartupTalky: What products does Nutrizoe offer to address the unique wellness needs of women at different life stages?

    Ms. Richa Pendake: At Nutrizoe, we support a mother’s wellness journey right from pregnancy, to breastfeeding and beyond with our science-backed nutrition.

    For pregnancy, we offer SnackEasy, India’s first pregnancy snack, formulated after 15 months of research and development. Made with wholesome ingredients like millets, makhana, nuts, and seeds and fortified with folic acid, calcium, and Vitamin D2 to support mother and baby.

    During breastfeeding, our flagship product, Lactobites Bars, naturally enhances lactation while supporting mothers’ recovery. It is now clinically tested and proven to increase breastmilk supply by up to 12x! The study has been published under CTRI Reference No.: REF/2023/09/073117.

    In the postpartum recovery journey, we provide:

    • Momix Kheer: A nourishing Kheer premix inspired by traditional wisdom to support recovery.
    • Supermumz: A hazelnut chocolate-coated bar enriched with herbs and nutrients to support fat loss, energy, and hair growth.

    At Nutrizoe, we’re committed to empowering women with tailored nutrition every step of the way.

    StartupTalky: What is your outlook on the growth and opportunities in the women’s wellness industry in the next 2-3 years?

    Ms. Richa Pendake: There is growing attention around this category as families are increasingly recognizing the importance of women in the household whether as a wife, mother, or sister. Many new brands are emerging with unique solutions tailored to women’s needs. By creating this niche, we have the opportunity to contribute to building a healthier generation, which is indeed very important.

    StartupTalky: How did you identify the specific gaps in the wellness market for women, and what was the process behind developing Nutrizoe’s unique product offerings?

    Ms. Richa Pendake: Fuelled by the vision of a brand that truly understood a mother’s unique needs, Saanket and I surveyed over 10,000 women to understand their nutritional challenges and needs. We collaborated with leading gynecologists, lactation experts, nutritionists, dieticians, and food technologists to research, test, and refine their products.

    After 12 months of rigorous development, we introduced our first product: Lactobites, India’s first lactation bar, empowering new mothers with the nourishment they needed.

    StartupTalky: Looking back at 2024, what milestones has Nutrizoe achieved, and how has the brand evolved in terms of product offerings, sales, and customer engagement

    Ms. Richa Pendake: After months of back-and-forth, hard work, and overcoming numerous challenges, we finally launched SnackEasy. It was a long journey, but the dedication and perseverance paid off. This year, we’ve celebrated some significant milestones, including surpassing 1 million bars sold. We also completed our clinical trials and published it this year, which is a big achievement. Additionally, we expanded our product lineup with the launch of another exciting product Momix Kheer, marking the next step in our journey of delivering innovative, nutritious, and convenient options for mothers. We’re excited to continue empowering moms with solutions that truly make a difference.

    StartupTalky: What have been the key challenges in building Nutrizoe, and how have you overcome them?

    Ms. Richa Pendake: We launched the product in March 2020 through Actress Sameera Reddy and received a positive response. However, after a fortnight, the COVID national lockdown was announced. Despite the fact that the proposition was very good and effective we continued seeing an increase in sales. In fact we were happy to be part of a new moms’ journey in such crucial times when they did not have much help and support at home.

    The initial challenges included fulfilling orders and creating awareness through doctors, as it was the COVID period. We tackled these challenges by listing ourselves on Amazon and leveraging social media, collaborating with healthcare professionals, collaborating with the CAPPA lactation expert body, and participating in events focused on postpartum. Pricing was also a consideration, and we ensured our products were competitively priced while maintaining high quality.

    StartupTalky: How did being part of Amazon’s Launchpad Program and receiving recognition from the Times of India impact Nutrizoe’s growth and credibility?

    Ms. Richa Pendake: We launched Lactobites during the peak of COVID-19, and at that time, we were figuring out the best ways to reach out and deliver our products to families. Being a part of Amazon’s Launchpad Program was well-timed, allowing us to connect with the right audience when they needed it the most. In the same year, we received the TOI award, which helped build confidence and trust with mothers, as well as establish credibility with the target audience, doctors, and hospitals. This recognition played a key role in solidifying our brand’s reputation and trustworthiness.

    StartupTalky: What strategies have been most effective in raising awareness about Nutrizoe and connecting with your target audience to drive growth?

    Ms. Richa Pendake: Word of mouth has played a significant role in our growth, as we’ve focused on making our product a true solution that is genuinely effective. We’ve built both offline and online awareness through events, collaborations with hospitals, and partnerships with doctors. For us, it’s not just about business; it’s about creating an ecosystem that supports mothers. Our lactation program was also designed to provide the guidance, support, and education that a mother truly needs during her breastfeeding journey.

    StartupTalky: As a founder and mother, how do you manage the balance between running a business and addressing the wellness needs of your own family?

    Ms. Richa Pendake: I’ve been a multitasker from the very start, and my mother-in-law has been my biggest inspiration. Seeing her manage her personal and professional life has inspired me a lot. One of the key lessons I’ve learned is the power of delegation—both personally and professionally. There’s no harm in asking for help when you need it, and reaching out to others is crucial for managing multiple responsibilities effectively.

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    StartupTalky: What are the next steps for Nutrizoe, and how do you plan to keep innovating in women’s wellness?

    Ms. Richa Pendake: In the next 5-10 years, we at Nutrizoe have a vision of creating effective and high-on-taste solutions from planning your pregnancy to having a toddler. Partnering in the beautiful journey where they can leave their worries on us. Becoming a category creator in these phases. We aim to expand our product line to address more specific needs of women at various life stages and to reach a global audience. Our goal is to empower women everywhere with the nutrition they need to live healthier, happier lives. Ultimately, happy moms mean a happy nation!

    StartupTalky: As a founder, what advice would you give to aspiring entrepreneurs looking to create a brand that serves a niche but essential market like women’s wellness

    Ms. Richa Pendake: It’s crucial to understand that the problem you’re addressing is real. To do this, speak to the masses, plan thoroughly, conduct surveys, and engage with as many people in your target group as possible. Once you have that understanding, focus on providing solutions that are forward-thinking, combined with the right packaging, efficacy, and format. That’s what will ultimately win the game. Building a niche takes time; it’s like a runway where growth happens gradually. You’ll need to invest a lot of education and awareness to take off, but with the right approach, the results will follow!

    Explore more Recap’24 Interviews here.

  • Delhivery Business Model | How Delhivery Makes Money

    One of the biggest logistics and supply chain firms in India, Delhivery is renowned for offering businesses in a variety of industries end-to-end delivery services. Delhivery has carved out a sizeable portion of the Indian logistics business thanks to the growth of eCommerce and the growing demand for prompt, dependable delivery.

    About Delhivery

    Sahil Barua, Mohit Tandon, Bhavesh Manglani, and Suraj Saharan founded Delhivery in 2011, and since then, it has emerged as a major force in the logistics industry. Delhivery began as a delivery business specializing in eCommerce but has since grown to offer a variety of logistical services, such as supply chain management, warehousing, freight services, and transportation. However, how does Delhivery turn a profit in a market this cutthroat? Let’s examine Delhivery’s business model and learn how it makes money.

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    Delhivery Business Model

    Delhivery offers logistics services to manufacturers, merchants, eCommerce enterprises, and individual consumers using a business-to-business (B2B) and business-to-consumer (B2C) model. The company provides a variety of services that assist companies better manage their logistics and supply chain operations. Delhivery’s main line of business is courier and package delivery; it manages last-mile deliveries for people, companies, and eCommerce platforms. These services involve delivering products straight to clients’ doorsteps after collecting them from vendors or storage facilities. Delhivery is an important participant in the rapidly expanding online retail sector since it collaborates with some of the biggest eCommerce sites in India, including Amazon, Flipkart, and Myntra.

    In addition, Delhivery offers third-party logistics (3PL) services, such as order fulfillment, inventory control, and warehousing. The brand provides businesses with choices to carry goods across great distances by operating a freight (both domestic and international) and transportation business in addition to parcel delivery. It provides all-inclusive supply chain solutions, such as distribution network planning, inventory control, and warehouse management. In order to assist companies in managing foreign shipments, the company has also ventured into cross-border logistics.

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    How Delhivery Makes Money | Delhivery Revenue Model

    Delhivery’s profitability is influenced by a variety of revenue sources. Small enterprises and major international corporations are among the many clients the company serves thanks to its extensive range of logistical services.

    • Generating Revenue Through Delivery Fees: The delivery fees that Delhivery charges people and businesses for parcel and courier services are its main source of income. The product size, delivery distance, and service speed (e.g., same-day or next-day delivery) all affect these costs.
    • Generating Revenue Through Freight and Transportation Charges: Delhivery makes money by providing goods and transportation services, which allows companies to transfer their goods over greater distances. Rail, aviation, and road freight are all included in this. Delhivery can negotiate competitive rates with carriers while keeping a solid profit margin because of its capacity to handle big volumes of goods both domestically and internationally.
    • Generating Revenue Through Warehousing and Fulfillment Services: Delhivery makes money by providing businesses with fulfillment and warehousing services. Delhivery is paid by businesses that require order fulfillment and storage services to handle their inventory, package orders, and deliver goods to clients.
    • Generating Revenue Through Supply Chain Consulting and Solutions: For companies that require assistance in streamlining their logistics processes, Delhivery provides supply chain solutions. Distribution network planning, inventory optimization, and warehouse management are some of these services.
    • Generating Revenue Through Cross-Border Logistics Fees: Delhivery’s cross-border logistics services, which include international freight forwarding, customs clearing, and other cross-border logistics services, generate extra income for the company.

    Delhivery’s revenue grew by 12.8%, reaching INR 2,189 crore in Q2 FY25, up from INR 1,941.71 crore in Q2 FY24. Additionally, it made a profit of INR 10.2 crore in Q2 FY25, compared to a loss of INR 102.9 crore in Q2 FY24. Whereas, the company’s total expenses increased by 6.8% to INR 2,294.2 crore during this period.

    Delhivery Financials Y-o-Y

    An 8% year-over-year (y-o-y) increase from INR 1,796 crore in Q2 FY23 to Rs 1,942 crore in Q2 FY24 was reported by Delhivery Limited as revenue from services. Earnings before interest, taxes, depreciation, and amortization, or adjusted EBITDA, lost INR 125 crore in Q2 FY23 but INR 13 crore in Q2 FY24, a 90% year-over-year decrease. The loss after tax decreased by 59% year over year to INR 103 crore in Q2 FY24 from INR 254 crore in Q2 FY23 over the same period.

    USP of Delhivery

    Delhivery has built a nationwide network with a presence in every state, servicing over 18,600 pin codes. 24 automated sort centers, 94 gateways, 2880 direct delivery centers, and a team of over 57,000 people make it possible for the company to deliver 24 hours a day, 7 days a week, 365 days a year.

    Delhivery SWOT Analysis

    Delhivery SWOT Analysis
    Delhivery SWOT Analysis

    Delhivery Strengths

    • Over 18,500 pin codes are covered by Delhivery’s network in India.
    • Express package delivery, truckload freight, cross-border services, and supply chain solutions are just a few of the many services Delhivery provides.
    • To address operational issues, Delhivery employs technology including artificial intelligence, machine learning, and operations research.
    • The data intelligence platforms offered by Delhivery reduce the possibility of shipment delays and damage.

    Delhivery Weaknesses

    • Delhivery’s express-parcel division, which generates 62% of its sales, saw a significant downturn in the March quarter of 2024.
    • Given how labor-intensive Delhivery’s operations are, any shifts in the supply of qualified workers could have an effect on the company.
    • Any technological malfunctions or interruptions could have a detrimental effect on Delhivery’s operations.
    • Delhivery’s profitability may be impacted by any changes to its relationships with its network partners and other third parties.

    Delhivery Opportunities

    • For Delhivery, the expansion of e-commerce in India offers substantial prospects. The need for trustworthy last-mile delivery services is growing as more customers shop online.
    • Delhivery has the chance to boost the efficiency of its logistics by further developing its technological infrastructure.

    Delhivery Threats

    • Delhivery faces competition from global firms like DHL and FedEx, as well as other sizable logistics firms like Blue Dart, Gati, and Ecom Express. Delhivery must always enhance its offerings to keep ahead of the competition as more companies request delivery that is quicker and more dependable.
    • With costs for labor, fuel, transportation, and warehousing, the logistics sector is extremely cost-sensitive. Delhivery faces the problem of controlling these expenses while preserving profitability, particularly as the business grows both domestically and abroad.

    Conclusion

    The core of Delhivery’s business strategy is offering a broad range of logistical services, including supply chain management, cross-border logistics, and last-mile delivery. Delivery fees, warehouse services, freight costs, and technology-driven logistics solutions are how the business makes money. Delhivery is in a strong position to benefit from the rising demand for dependable and effective logistics services as India’s e-commerce industry expands. The company is expected to continue to be a significant participant in the Indian logistics sector while preserving profitability and growth by concentrating on innovation, operational effectiveness, and market expansion.

    FAQs

    What is Delhivery?

    Delhivery is a prominent courier service, logistics, and supply chain solutions company that enthusiastically works with individuals and businesses.

    How does Delhivery make money?

    Delhivery makes money through express parcel delivery, freight services, supply chain solutions, and last-mile delivery, charging fees for logistics and transportation.

    What is Delhivery business model?

    Delhivery’s business model focuses on providing logistics and supply chain solutions, including express parcel delivery, freight services, and last-mile delivery, leveraging technology to improve efficiency and scalability.

  • Pradeep Dadha: The Visionary Behind Netmeds and a Pioneer in Digital Healthcare Accessibility

    Pradeep Dadha is amongst the most prominent Indian entrepreneurs with a massive mark in both eCommerce and pharmaceutical business. He is the CEO and founder of Netmeds and plays a pivotal role in bridging between healthcare and technology to make medicines accessible to millions throughout India. As he came from the well-known Dadha family, whose business in pharmaceuticals had spanned a century, Pradeep made his family’s heritage shift and transformed the way Indians have health care products. Netmeds has acquired the nickname “India’s Pharmacy” with a focus on customer service, a range of products, and digital innovation.

    Let’s look at the story of the founder and CEO of Netmeds, Pradeep Dadha. We will discuss his net worth, education, personal life, philanthropy, and more.

    Pradeep Dadha – Biography

    Full Name Pradeep Dadha
    Birthplace Royapettah, Chennai, India
    Nationality Indian
    Occupation Entrepreneur
    Known For Founding Netmeds
    Other Titles Founder of Vitalic Health Pvt. Ltd.
    Family Legacy Pharmaceutical retail and manufacturing since 1914
    Hobbies Business innovation, technology integration, and philanthropic initiatives

    Pradeep Dadha – Early Life
    Pradeep Dadha – Family
    Pradeep Dadha – Career Highlights
    Pradeep Dadha – Philanthropy
    Pradeep Dadha – Awards and Recognition
    Pradeep Dadha – Facts

    Pradeep Dadha – Early Life

    Pradeep hails from Chennai and grew up surrounded by the pharmaceuticals and healthcare industry. He has always been exposed to his family business since his early years, which fueled his interest in innovation and entrepreneurship. While records regarding his educational background are not readily available, it is quite apparent that Pradeep has a good background in business and management that he could apply to his ventures later. His early years were marked by observing the challenges in pharmaceutical distribution, which inspired his future endeavors in digital healthcare solutions.

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    Pradeep Dadha – Family

    A descendent of the legendary lineage of Dadha, whose family has been in the pharmaceutical business for decades, hails Pradeep Dadha. His grandfather set up the family’s pharmacy retail business in 1914. His father branched out into manufacturing at Tamil Nadu Dadha Pharmaceuticals Ltd. (TDPL) in 1972. The Dadha family is one of the most revered in Chennai for its contribution to healthcare and commitment to the betterment of quality medicine access.

    Pradeep Dadha – Career Highlights

    Pradeep initially served in his family’s business. Dadha & Company, which was the giant leader in pharmaceutical retailing at the time, engaged him where he learned firsthand, about the supply chain and all the business activities along with customer relations.

    In 2010, Pradeep discovered the untapped potential of eCommerce in healthcare. To fill this gap, he established the subsidiary Netmeds under Vitalic Health Pvt. Ltd., to provide the online pharmacy service. The idea was simple yet revolutionary: to allow a customer to place an order for medicines online and have them delivered to the doorstep.

    It wasn’t long before the popularity of Netmeds started to pick up, mostly because of its easy interface, large product portfolio, and reliable delivery network. The innovative approach ensured that prescription medicines, over-the-counter drugs, healthcare devices, and wellness products all were found under one roof, namely Netmeds.

    Under the guidance of Pradeep, Netmeds was one of India’s most trusted online pharmacy stores, garnering huge investments, and eventually, in 2020, it was acquired by Reliance Industries Ltd., as a strategic buy to further consolidate its presence in the market.

    Pradeep believes that technology must be leveraged to solve the problems of real life. In Netmeds, his vision was not only creating a business but also addressing all the critical healthcare gaps in India. Through the AI-driven solutions and the logistics network in place, he made sure that even the remotest parts of the country could access Netmeds.

    Netmeds Financials

    In FY21, Netmeds’ revenue from operations amounted to Rs 13,423.42 lakh and decreased to Rs 10,776.96 lakh in FY22. Simultaneously, the company’s profit surged from Rs 104.77 lakh in FY21 to Rs 1,057.69 lakh in FY22.

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    Pradeep Dadha – Philanthropy

    Pradeep Dadha has been very active in philanthropy, particularly in the domains of health and community welfare. Though much of his philanthropy is integrated into his work at Netmeds and the broader healthcare ecosystem, some notable contributions include:

    1. Enhancing Healthcare Accessibility: Pradeep Dadha’s vision for Netmeds was based on the need to address healthcare inequities in India. He has, in a way, indirectly contributed to public welfare by ensuring that medicines are available to people at affordable prices who reside in remote and inaccessible areas. This initiative has particularly benefited rural populations where physical pharmacies are scarce.

    2. Helping the Underprivileged: Pradeep has participated in initiatives that deliver free or reduced-cost drugs to families of low income. These initiatives, typically in collaboration with NGOs and health service providers, have assisted families who could not afford drugs.

    3. Promoting Preventive Healthcare: Pradeep has collaborated with healthcare professionals and organizations to back campaigns for preventive healthcare. This has included lifestyle disease awareness drives, vaccination programs, and health camps in rural areas.

    4. Disaster Relief: Under Pradeep, Netmeds has been the lifeline that has delivered medical supplies at the right time during disasters. Be it natural calamities or pandemics, Netmeds has ensured critical medicines and healthcare essentials reach affected regions at the right time. For instance, during the COVID-19 pandemic, Netmeds was instrumental in delivering medicines and healthcare products, easing the burden on healthcare infrastructure.

    5. Empowering Women and Children: Pradeep has supported initiatives for health improvement for women and children, as well as other health-enhancing programs. He included nutritional supplement distribution, support for maternal health, and medicines for pediatric care in such activities.

    6. Innovation in HealthCare: Pradeep’s leadership at Netmeds and Vitalic Health encouraged research and development of technologies in healthcare. It helps indirectly improve public health through encouraging innovative solutions for the management of diseases and health delivery.

    7. Charity Drives: Pradeep has supported many charity drives, mainly concerning free medical check-ups, eye camps, and essential medicines to be dispensed to the needy population.

    8. NGOs Partnerships: Pradeep has actively partnered with a few non-profits to scale healthcare services in rural and semi-urban areas. Such partnerships helped to bridge the gap between health service providers and patients who usually are not reached by the formal health system.

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    Pradeep Dadha – Awards and Recognition

    For Netmeds

    • NDTV Unicorn Start-up Award (2016): Was featured as one of the best start-up companies in India.
    • Asia’s Most Promising Brand 2018: For innovative and exponential growth in the healthcare e-commerce segment.
    • Best Digital Healthcare Start-up by ET Now World Health and Wellness Congress (2019)
    • Emerging Company of the Year, Zee Business Dare to Dream Award 2018
    • Digital Healthcare Company of the Year, Economic Times, 2019

    For Pradeep Dadha

    • Game Changer of India, 2018: A recognized person by the Economic Times for his contribution towards e-commerce.
    • Business Innovator of the Year 2018: Global Adjustments’ India Living Awards gave this to him for innovative work in the health industry.

    Pradeep Dadha – Facts

    • From successful e-pharmacy models of Western countries, but in the context of problems prevailing in the Indian market and to be adapted.
    • He actively participates in the access to healthcare initiatives that cater to underprivileged communities.
    • Pradeep is passionate about emerging technologies like AI and blockchain and their applications in healthcare.
    • Despite his very tight schedule, Pradeep is very much close to his family’s culture and values.

    FAQs

    Who is Pradeep Dadha?

    Pradeep Dadha is an Indian entrepreneur and the founder of Netmeds, an online pharmacy. Netmeds provides medicines, healthcare products, and wellness items.

    When was Netmeds founded?

    Netmeds was founded in 2010. It was later acquired by Reliance Retail in 2020.

    What does Netmeds do?

    Netmeds is one of the top online pharmacies in India that deals with a wide range of healthcare products like high-quality prescription medicines, over-the-counter pharmaceuticals, general healthcare products, Ayurvedic medicines, and homeopathic medicines. It has delivery facilities across India.

    What is Pradeep Dadha net worth?

    Pradeep Dadha’s net worth as of 2023 is between $6-9 million.

  • Curefoods Increases its Presence in India by Acquiring Krispy Kreme

    The well-known international doughnut and coffee brand Krispy Kreme’s businesses in South and West India have been formally acquired by Curefoods, a F&B house of brands, from Landmark Group. Prior to its expected fundraising round, Curefoods was reportedly in talks with Landmark Group in October to obtain the rights to market Krispy Kreme in India. Landmark Group previously oversaw Krispy Kreme’s operations in South India, which included about 50 points of access throughout the nation. Through the utilisation of Krispy Kreme’s existing clientele and operational framework, this acquisition will accelerate Curefoods’ expansion. As part of the deal, Landmark Hospitality Services Limited will also purchase stock in Curefoods India.

    Expanding Operations Beyond Cloud Kitchen

    It gives Curefoods great pleasure to introduce Krispy Kreme. The company’s objective of providing a variety of excellent culinary experiences is well aligned with its global reputation and great customer appeal. Ankit Nagori, founder of Curefoods, stated that this collaboration demonstrates the company’s dedication to diversifying into markets outside of its cloud kitchen ecosystem and investing in popular brands to increase its market share in India’s food industry.

    Curefoods was founded in 2020 and is already well-known for its wide range of products, which include EatFit, Sharief Bhai, Nomad Pizza, and Olio Pizza. “Together with Krispy Kreme Doughnut Corporation, we have developed a successful business that is expanding.” K A Madappa, President of Citymax Hotels Pvt Ltd and Business Head of Krispy Kreme, stated, “We are thrilled to see it join the Curefoods portfolio, where we are confident it will continue to grow significantly in the years to come.” Throughout the whole transaction, Metta Capital served as Landmark Group’s advisor. 

    Expansion Plans of Curefoods

    By 2025, Curefoods intends to open 25 physical Krispy Kreme locations and 100 more cloud kitchens. Currently, the company has more than 50 locations across Bengaluru, Hyderabad, and Chennai.

    Curefoods is looking to expand its domestic brands into foreign markets in addition to Krispy Kreme. Recently, Sharief Bhai made its debut in the Middle East. The firm intends to bring its pizza brand, Olio, to Abu Dhabi and Dubai.

    Additionally, Curefoods intends to increase its footprint in India’s tier 2 and tier 3 cities. The company’s plan, according to Nagori, is to keep expanding into tier 2 and tier 3 cities. Currently, all brands are present in about 40 cities, and by the end of 2025, the company hopes to be present in 60.

    Curefoods has set aside INR 60-70 crore a year for offline expansion over the next two to three years in order to meet its growth ambitions, which include a balanced mix of 1,000 offline and cloud kitchen locations for its portfolio by the end of 2025.

    Blinkit Expands Its Services to Jammu
    Blinkit expands its services to Jammu, bringing quick commerce and online delivery to the region, enhancing accessibility and convenience for local customers.
    StartupTalkyNitin Konde

  • Blinkit Expands Its Offerings to Jammu

    Blinkit is currently available in some areas of Jammu as part of Zomato’s plan to extend its rapid commerce business to Tier II cities. In a LinkedIn post, Blinkit’s CEO and cofounder Albinder Dhindsa stated that three of the company’s shopfronts are currently open in Jammu and have begun shipping to neighbouring towns. The stores serve around ten surrounding localities and are situated in Trikuta Nagar, Roop Nagar, and Akhnoor Road. Notably, Blinkit introduced its services in Bathinda, Haridwar, and Vijayawada after going live in Kochi just before Onam. It’s important to remember that Blinkit has been actively introducing new features to keep one step ahead of its rivals in the quest for rapid commerce.

    Blinkit’s Newly Launched Initiatives

    The Zomato-owned company launched a new app, Bistro, in pilot mode earlier this month, marking its entry into the quick food delivery market. Blinkit’s Bistro, which is currently open in some areas of Gurugram, provides 15-minute delivery for meals, snacks, and drinks, including tea and coffee. Last month, a media outlet exclusively revealed that Blinkit was testing a huge order fleet in the Delhi NCR area. This fleet may be used to place orders for more expensive items like a PlayStation 5 or an air purifier or geyser. To enable firms to post on the fast commerce platform and begin selling their goods without having to communicate with the platform or any middlemen, Blinkit introduced a “Blinkit Seller Hub” in October.

    Blinkit’s Financial Report

    Financially speaking, Blinkit’s second quarter revenue of INR 1,156 Cr in the fiscal year 2024–25 (FY25) is more than twice that of INR 505 Cr in the same period last year. Additionally, the company was able to reduce its adjusted EBITDA loss from INR 125 Cr in Q2 FY24 to INR 8 Cr in the reporting quarter. Due to India’s rapid growth in commerce, Blinkit plans to open 2,000 dark stores by the end of FY26. By the end of the second quarter of FY25, Blinkit had 791 dark outlets nationwide. 

    The fast commerce market in India is estimated to be worth $3.34 billion and is expected to expand at a compound annual growth rate (CAGR) of more than 4.5% to reach $9.95 billion by 2029. Despite this growth, statistics indicate that the industry only accounts for 7% of its projected $45 billion total addressable market, indicating significant room for expansion.

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  • Four People from Gujarat are Arrested by Bengaluru Police for Cheating CRED of INR 12.5 Crore

    Four individuals from Gujarat were recently apprehended by the Bengaluru city police for the theft of INR 12.5 crore from CRED, a credit card payments company. Among those detained was Vaibhav Pitadiya (33), a relationship manager at Gujarat’s Axis Bank and the suspected mastermind.

    During the inquiry, the police found two cell phones, counterfeit CIB forms, and INR 1.28 crore in cash. “The remaining sum that was defrauded is being recovered. On Corporate Internet Banking (CIB) forms, they falsified seals and signatures. The accused moved INR 12.50 crore to 17 mule accounts in Gujarat and Rajasthan using these falsified documents, the source claimed, gaining unauthorised access to the company’s online banking credentials.

    Modus Operandi

    Pitadiya found that CRED‘s nodal account handled more than INR 2 crore in transactions per day. He found ways to take advantage of the two linked company accounts that were dormant. A media report claims that Pitadiya came up with a plan and persuaded Neha Ben, an Instagram friend, to pose as the managing director (MD) of the business. In order to present Neha as the MD, he falsified board resolutions and letterhead documents.

    Neha asked for a new user ID connected to CRED’s account with updated email and phone information by submitting a fictitious CIB form and falsified papers to the Axis Bank branch in Ankleshwar, Bharuch, Gujarat. The group started the fraudulent transactions with these credentials. According to the authorities, two accomplices, Shubham and Shailesh, opened mule accounts and produced fake paperwork in order to transfer the stolen money.

    How the Issue got Highlighted?

    On November 13, when CRED was performing a bank account reconciliation, the fraud was discovered. It was found that 17 unauthorised transactions totalling INR 12.5 crore had been made to questionable accounts between October 29 and November 11. On November 15, CRED complained to the East CEN Crime Police Station in Bengaluru and brought the matter to the attention of Axis Bank.

    Neha had filed the documents in the Ankleshwar branch, which is where the police were able to trace the fraud. After Neha was taken into custody on December 21, the police found Pitadiya and the others through her interrogation. According to investigations, the suspects tried to activate a second CRED-related account by submitting a new CIB form to a separate Axis Bank office. An official declared, “The fraud was stopped after this attempt was intercepted.”

    They made fake CIB documents and board resolutions and gained access to private information. The fraudulent transactions were made possible by the submission of these documents to the Ankleshwar branch of Axis Bank. The officer further stated that the accused had been remanded to police custody for additional investigation after confessing to the crime during questioning.

    SEBI Grants Approval for IPOs of Schloss Bangalore, Ather Energy, and Others
    SEBI has approved IPOs for six companies, including Schloss Bangalore and Ather Energy, paving the way for public listings. Learn more about the developments.
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  • Sebi Approves IPOs for Schloss Bangalore, Ather Energy, and Four Other Companies

    Sebi has approved six companies’ plans to go public, including Oswal Pumps, EV player Ather Energy, and Schloss Bangalore. An update with the markets regulator revealed on December 30 that the six businesses submitted their draft initial public offerings (IPO) documents to Sebi between September 10 and 23 and received the regulator’s comments on December 23–27. Fabtech Technologies, Oswal Pumps, Ather Energy, Ivalue Infosolutions Ltd., and Schloss Bangalore Ltd. are the corporations in question. Getting observations is Sebi’s way of saying that it’s okay to raise public concerns.

    The proposed INR 5,000-crore IPO of Schloss Bangalore Ltd., the company that runs Leela Palaces Hotels & Resorts, consists of an offer for sale (OFS) of stocks valued at INR 2,000 crore by promoter Project Ballet Bangalore Holdings (DIFC) Pvt Ltd. and a new issue of equity shares worth INR 3,000 crore.

    Schloss Bangalore Plans to Utilise Proceeds

    Schloss Bangalore might be the biggest initial public offering (IPO) in the hotel industry in the nation. The proceeds of the new issuance, according to Schloss Bangalore, which has the support of Brookfield Asset Management, will be utilised for general corporate objectives as well as the repayment of loans taken out by the company and its subsidiaries.

    With a portfolio of 3,382 keys spread across 12 active properties, Schloss Bangalore is well-known for its opulent hotels and resorts under the “The Leela” brand. The Leela Palaces, Leela Hotels, and Leela Resorts are part of its portfolio as of May 31, 2024, and are spread across ten locations in the nation.

    Ather Energy’s IPO

    The proposed IPO by Ather Energy, maker of electric two-wheelers, consists of an Offer For Sale (OFS) of 2.2 crore equity shares by promoters and investors, as well as a new issue of equity shares valued at INR 3,100 crore. Caladium Investment Pte Ltd, National Investment and Infrastructure Fund II, 3State Ventures Pte Ltd, IITM Incubation Cell, and IITMS Rural Technology and Business Incubator are among the companies offering shares in the OFS for sale.

    The new issue’s proceeds would be utilised for marketing campaigns, loan repayment, research and development, capital expenditures to build electric two-wheeler manufacturing in Maharashtra, and other corporate needs. Following Ola Electric Mobility’s INR 6,145-crore IPO in August, this will be the second electric two-wheeler startup aiming to go public. 

    Oswal Pumps’ IPO

    An offer-for-sale (OFS) of up to 1.13 crore equity shares by promoter Vivek Gupta and a new issue of equity shares valued at INR 1,000 crore comprise the Haryana-based Oswal Pumps IPO.

    The proceeds from the new issue will be allocated to the following purposes: the financing of specific capital expenditures, the establishment of new manufacturing facilities in Karnal, Haryana, the payment of debt, the investment in a wholly-owned subsidiary, Oswal Solar, in the form of debt or equity, and the funding of general corporate purposes. Beginning with the production of low-speed monoblock pumps in 2003, Oswal Pumps has now grown to include the production of electric motors, grid-connected submersible pumps, and high-speed monoblock pumps.

    Fabtech Technologies’ IPO

    The proposed initial public offering (IPO) of Fabtech Technologies, a turnkey engineering solutions provider for the biotech, pharmaceutical, and healthcare industries, is a completely new issue of up to 1.20 crore equity shares.

    Eligible employees can also reserve a subscription as part of the offer. As a member of the Fabtech Group, Fabtech Technologies provides a wide range of clients with full start-to-finish solutions that include the design, engineering, procurement, installation, and testing of specific pharmaceutical equipment.

    iValue Infosolutions’ IPO

    According to the Draft Red Herring Prospectus (DRHP), the private equity company Creador-backed iValue Infosolutions’ proposed inaugural share sale is an Offer for Sale (OFS) of up to 1.87 crore equity shares by promoters and investor stockholders. Sundara (Mauritius) Ltd, a Creador affiliate, will sell 1.11 crore equity shares in accordance with the OFS. As an expert in enterprise technology solutions, iValue Infosolutions provides complete, custom-designed solutions for protecting and handling digital apps and data.

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  • Blinkit Unveils Feature for Deleting Order History

    Blinkit, Zomato’s fast commerce subsidiary, has implemented a novel feature that enables users to eliminate order history from their accounts. Albinder Dhindsa, the CEO and originator of Blinkit, disclosed the advancements on LinkedIn, a networking platform. Dhindsa stated in a post that the feature was introduced last week and that over one million orders have been deleted since its implementation. Customers can now delete orders from their Blinkit order history. Since the brand implemented this feature last week, 104,924 orders have been eliminated. Dhindsa highlighted the feature with a tagline, “A new year, a new order history.”

    Keep in mind that if an order is deleted, it cannot be restored, and the customer’s account will no longer include the details. At the moment, each order must be deleted separately; there is no way to delete several orders at once. Orders that are more than a year old can also be deleted.

    Blinkit Showing its Dominance in Quick Commerce Sector

    The most recent offering comes weeks after Blinkit strengthened its top management by appointing Vipin Kapooria, a former executive from Flipkart and OYO, as its new chief financial officer (CFO). This year, the giant of rapid commerce has launched numerous new products. It launched a new app called Bistro earlier this year, marking its entry into the rapid food delivery market. Additionally, it introduced “Blinkit Seller Hub,” which enables vendors to list themselves on the site, and started testing huge order fleets. Additionally, it introduced fast delivery of passport-sized pictures and the return option for items like apparel and shoes.

    Expanding its Operations in Jammu

    In keeping with Zomato‘s plan to extend its rapid commerce company to Tier II cities, the development coincided with Blinkit‘s expansion to Jammu. Over the past several years, the rapid commerce market has seen a dramatic increase in popularity throughout the nation. In light of this, Blinkit generated INR 1,156 Cr in revenue during the second quarter (Q2) of the fiscal year 2024–25 (FY25), which is more than twice as much as the INR 505 Cr it generated during the same period last year. Additionally, it was able to reduce its adjusted EBITDA loss from INR 125 Cr in Q2 FY24 to INR 8 Cr in the reporting quarter.

    A lot of experts are worried about the rapid commerce model since they think the ten-minute delivery won’t be profitable. However, Blinkit’s most recent figures seem to have disproved this theory. Many people have already hurried to predict that Blinkit will soon be the group waggon puller. Zomato’s other diversifications may surprise as well, in addition to the near-duopoly that Swiggy and Zomato have been experiencing in the Indian market lately.

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