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.
Posted from: this blog via Microsoft Power Automate.