They might expand into other categories, becoming like Amazon and Flipkart, …
Become like Amazon and Flipkart? It looks like the other way round. Its Amazon and Flipkart that want to become Blinkit, venture into Q-commerce. 
I am not sure if Blinkit is yet interested in becoming Amazon like e-commerce retailer. They reman focussed on
- quick delivery model
- Target cutsomer base is rich/upper middle class who won;t bother about paying a little extra for convenience, luxury, for unplanned things.
Flipkart’s sales are ₹56,000 crore, yet they burn ₹4,800 crore. Amazon India generates ₹25,000 crore in sales but also loses money.
That’s another difference wrt Zomato. Zomato execution has ensured the start of profit cycle last FY.
Just think you are in year 2022…2 years back.
Were you or any analyst able to predict Zomato revenue/profit growth at that time, when it was selling for Rs 40/50.
And here the attempt is being made to predict the revenues and margins and profits after 10 years !
Imagine Blinkit, without warehouses or a pan-India distribution network, magically reaching Flipkart and Amazon’s sales levels in 10 years.
Yeah its not easy. . However think why they are still not able to do quick deliveries even when they have such big networks
I think newer collaborative models will come-in for large products in coming years to build efficiencies with Blinkit/Q-commerce at centre of them.
I doubt Zomato and its subsidiaries can effectively compete against BigBasket, Zepto, Instamart, JioMart, and others.
No doubt there is competition, however any reasons, specifics, data for this bearishness on an outperforming/proven business ?
This will be helpful.
In then end, its different opinions that make a market. Its ok to have different choices.
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