CLSA expects Blinkit, Zepto and Swiggy Instamart to reach a cumulative gross order value of $10 Bn by FY26
The brokerage said Zomato will be the largest listed beneficiary in the quick commerce space, adding it expects Blinkit’s EBITDA and net profit to turn positive by FY25
CLSA, which has an outperform rating on Zomato, raised the PT for the company to INR 353 from INR 350 to reflect its Paytm ticketing acquisition
Brokerage CLSA expects the gross order value of major quick commerce players like Blinkit, Zepto and Swiggy Instamart to reach $10 Bn by the financial year 2025-26 (FY26).
“We expect Zomato’s Blinkit, Zepto and Swiggy Instamart – the top three (quick commerce) players – to reach $10 Bn in gross order value by FY26 and surpass $78 Bn within a decade,” CLSA said in a recent note.