• According to a recent Goldman Sachs report, Zomato's quick delivery service, Blinkit, is now more valuable than its core food delivery business. The report suggests that Blinkit, Zomato's quick commerce venture, has seen a significant increase in valuation, surpassing the valuation of Zomato's primary food delivery operations.
• The report highlights the growing importance of quick commerce, where customers can receive their orders within 10-30 minutes, as a key driver of Blinkit's increased valuation. This reflects the changing consumer preferences and the demand for faster and more convenient delivery services, particularly in the aftermath of the COVID-19 pandemic.
• The report's findings underscore the strategic shift within Zomato, as the company focuses on diversifying its offerings beyond its traditional food delivery business. The success of Blinkit suggests that Zomato is well-positioned to capitalize on the growing quick commerce market and potentially generate significant revenue and growth in the future.