I agree completely with your analysis. Most of people don’t understand Blinkit’s high growth is due to opening more dark stores and expansion to newer geographies. The most important metric is SSG (Same store growth), which Zomato, Blinkit don’t share. Also, given this sector has potential to affect millions of Kirana stores, Govt will certainly introduce some regulations. So, at this valuation, one should stay out of this.
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