The struggle for dominance... Quick commerce sites in a debt trap!
Quick commerce sites, which are jeopardizing the survival of grocery stores with their 10-minute delivery service, are also facing losses worth thousands of crores of rupees. Experts say that Instamart is at a loss of ₹1,000 crore, Zepto ₹1,250 crore, and Blinkit ₹110 crore, putting even investors in trouble. They warned that these companies could eliminate the culture of going to physical stores, achieve a monopoly in the future, and then exploit customers.
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