Businessline
The timing of the fund-raise, say analysts, is far from coincidental — it signals the start of a new capital war as large incumbents such as Reliance, Amazon, Flipkart and Tata-backed BigBasket aggressively enter the instant delivery business | Photo Credit:
India’s quick commerce platforms Swiggy, Zepto and Zomato-owned Blinkit are on a fund-raising spree to expand and scale up to meet the heightened competition in the sector, but this race for survival also raises concerns on whether they are just burning cash while profitability is still some distance away.
The timing of the fund-raise, say analysts, is far from coincidental — it signals the start of a new capital war as large incumbents such as Reliance, Amazon, Flipkart and Tata-backed BigBasket aggressively enter the instant delive
AlterNet