Flush with funds, qcom firms Swiggy, Zepto, Blinkit focus on expansion

Quick Summary:

The company is replacing some of its older, small-format stores (2,500–2,800 sq ft) with larger ones (3,500–4,500 sq ft) that can house up to 20,000 stock-keeping units (SKUs).

Blinkit had earlier announced plans to increase its dark store count to 2,000 by the end of 2026.

According to the company, as much as Rs 2,137 crore will be used to expand Blinkit’s network of dark stores and warehouses.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Blinkit funding Quick commerce companies Blinkit Zepto Quick commerce firms growth 2024 Qcom firms Swiggy Aadit Palicha Zepto Zepto and Blinkit funding updates Expansion mode Swiggy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-03 @ 20:39:19 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 550 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 24094996

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