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Informative

Blinkit Q2 Revenue More Than Doubles YoY To INR 1,156 Cr

Update / Judgement Date

22 Oct 2024

Source

Inc42

Author

Team — WCP Legal Desk

Reading Time

1 min read

Financial ManagementStock Market

Blinkit reported a significant revenue increase in Q2, doubling its year-on-year growth to INR 1,156 crore. The online grocery delivery platform saw an upsurge in orders and customer base, driving the revenue jump. Despite this growth, the company faces challenges in profitability, with operational costs still impacting its bottom line. Blinkit continues to focus on expanding its footprint and improving customer experience.