Zomato Co-Founder and chief executive Deepinder Goyal stated on Monday that the company’s quick-commerce platform Blinkit will outgrow its mainstay food-delivery business within a year. Goyal made these remarks at the government of India-organised Startup Mahakumbh, a three-day event where startup founders are discussing how policy formations can enhance India’s global ranking in innovation.
The food-delivery giant has grand plans to extend Blinkit beyond grocery delivery into the realm of e-commerce. Snackfax reported on March 4 that Zomato’s Blinkit and Mumbai-based Zepto are diversifying into categories like electronics, fashion, and home appliances, resembling mainstream e-commerce platforms.
Continue Exploring: Quick commerce platforms Blinkit and Zepto expand into e-commerce, targeting fashion, beauty, electronics, and more
Emphasizing the rapid evolution of technology, Goyal remarked that none of the business models devised today are likely to endure beyond a decade or two.
“It’s harder to create a generational company today than a few decades ago because of technology,” he said.
In reply to a query from Sanjeev Bikhchandani, co-founder of Info Edge India and a member of the organizing committee, as well as the earliest institutional investor in Zomato, Goyal emphasized that Zomato has evolved significantly from its inception 16 years ago.
“This is Zomato’s fourth version,” the founder said.
The Startup Mahakumbh event anticipates the participation of over 40 unicorn startups, with founders from notable companies like Lenskart, Boat, Dream11, Oyo, Razorpay, Zerodha, Acko, Moglix, Urban Company, and Nykaa.
Continue Exploring: Startup Mahakumbh to showcase India’s agritech potential with exclusive pavilion and key industry insights