The company claims to reach the patient in about 10 minutes.
Fast commerce service Blinkit launched an ambulance service on January 2. Regarding this, Union Commerce Minister Piyush Goyal on Friday said that for the Blinkit ambulance service, the Quick Commerce company will have to follow the laws of the country. Apart from this, other legal requirements must also be properly followed.
Blinkit founder and CEO Albinder Dhindsa announced in a post that the company’s 5 ambulances entered service in Gurugram on Thursday. The company claims to reach the patient in about 10 minutes.
The ambulance is equipped with the necessary emergency equipment: Dhindsa According to Dhindsa, Blinkit ambulances are equipped with the necessary rescue equipment. This includes an oxygen cylinder, AED (automated external defibrillator), stretcher, monitor, suction machine and essential medications and injections used in an emergency. Each ambulance will have a paramedic, an assistant and a driver.
The Blinkit founder said: “Making profit here is not our goal. We will provide service at affordable prices. Blinkit aims to expand to all major cities in the next 2 years.
Blinkit’s new app promises delivery of snacks and drinks in 10 minutes. Blinkit launched a new app named “Bistro” on December 6, 2024. With this, the company promises to deliver snacks, meals, and drinks within 10 minutes. This is part of Zomato’s strategy to capture the rapidly growing food delivery market. This app is currently on Google Play Store. There are plans to also introduce it to the Apple App Store in the future.
This app enters the instant food delivery segment after Swiggy’s Swiggy Bolt and Zepto’s Zepto Café. All of these apps don’t deliver real meals, but rather snacks like samosas, sandwiches, coffee, and pastries. …
They are Albinder Dhindsa and Saurabh Kumar. In 2013-2014, they both created the grocery delivery company Grofers.
The EMI payment facility was launched in October last year. Blinkit launched the EMI payment facility for its customers today, October 24, 2024. This facility has been made available for orders above ₹2,999. Albinder Dhindsa had given this information on the social media platform X.
Last year, Zomato’s profit in the July-September quarter grew 388% year-on-year to Rs 176 crore. At the same point in 2023, the company’s consolidated net profit was Rs 36 crore. On October 22, the results for the second quarter of the 2024-25 financial year were published, which also include the results of Blinkit. …
Business model of fast commerce companies
Setting up a dark store to store groceries costs Rs 25-40 lakh. The size of a dark store ranges from 2,000 square feet to 2,500 square feet. Around 34 employees work there. The average order value of fast trade companies in 2022 was between Rs 350 and 400. The gross margin could be as high as 15 to 20 percent. Suppose a company sells goods worth Rs 400 and if the gross margin is 20%, i.e. Rs 80, then the company incurs an expenditure of Rs 320 on goods and services. Rs 80 If we remove the salary paid to the delivery person from the gross margin, the company barely has Rs 40 left. Now, a company earns Rs 600 per day, or per month. If it delivers 18,000 orders, it will generate a revenue of Rs 72 lakh. This includes staff salary, space rent, electricity bill and inventory cost, which will be higher than revenue. As a result, these companies remain in loss.
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