Problem isn’t Rs 15 payout: Ashneer Grover reveals the real reason behind Blinkit/Zepto issues
06 November 2024
Commenting on the recent troubles over payment issues in Blinkit, Ashneer Grovers has said that the issue is not about the low payout of Rs 15 for every delivery but the problem is that the 10 minute delivery system has noeconomics. Ashneer is the former CFO of Grofers (now Blinkit). “BlinkIt / Zepto - problem is not ₹15 for delivery against ₹50,” Ashneer Grover tweeted.
“Problem is 10 Min delivery has no economics - low ticket size and low margin can never be solved through forced low delivery cost. BlinkIt journey : 90 Min (bull run) —> Next day (bear run) —> 10 Min (bull run) —> ??”, he added.
Commenting on the recent troubles over payment issues in Blinkit, Ashneer Grovers has said that the issue is not about the low payout of Rs 15 for every delivery but the problem is that the 10 minute delivery system has noeconomics. Ashneer is the former CFO of Grofers (now Blinkit). “BlinkIt / Zepto - problem is not ₹15 for delivery against ₹50,” Ashneer Grover tweeted. “Problem is 10 Min delivery has no economics - low ticket size and low margin can never be solved through forced low delivery cost. BlinkIt journey : 90 Min (bull run) —> Next day (bear run) —> 10 Min (bull run) —> ??”, he added.
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