# A Theatre of Conflict: Examining the Impact and Challenges of Blinkit’s Rate Card on Delivery Partners
In this exclusive interview by CNBC-TV18, Shereen Bhan speaks to key industry experts to discuss the recent conflicts between Blinkit and its delivery partners over a new rate card. Joining the conversation are Zepto’s Co-Founder, the CEO of logistics company Shadowfax, the National General Secretary of the Indian Federation of app-based transport workers, and the CEO of Bombay Shaving Company.
The new rate card implemented by Blinkit, with a reduced rate per delivery, has sparked protests and concerns among its delivery partners. While Blinkit argues that the distance-based variable component is fair, the riders believe it will significantly impact their monthly earnings. This standoff temporarily shut down half of Blinkit’s dark stores in the region. However, the protests have since subsided, with the majority of delivery partners returning to work.
Despite the disruption, Zomato, the parent company of Blinkit, declared that it had no material impact on its financial performance. Experts, however, believe that the underlying issue lies in the business model of quick commerce itself, which focuses on instant gratification but delays profitability. Many players in the sector continue to burn cash and report losses.
In this informative video, the guests provide insights into the economic and operational realities of running a hyper local delivery business. They discuss the biggest cost centers, the challenges faced, and what it will take to create a sustainable business model. With the hyperlocal delivery market estimated to be worth five billion dollars, the conversation aims to shed light on how to turn this market into a sustainable and profitable one.
About CNBC-TV18:
CNBC-TV18 is India’s leading business news channel, offering comprehensive coverage of businesses, the economy, and financial markets. Stay updated with your favorite shows, exclusive videos, big-ticket interviews, and more.
Catch the latest news and stay updated with CNBC-TV18:
– [Latest News](https://bit.ly/2YbpXBM)
– [Live TV](https://www.cnbctv18.com/live-tv/)
– [Real-time Market Updates](https://www.cnbctv18.com/market-live/)
– [CNBC-TV18 Minis](https://www.cnbctv18.com/minis/)
Stay connected and follow CNBC-TV18 on social media:
– [Twitter](https://twitter.com/CNBCTV18News)
– [Facebook](https://www.facebook.com/cnbctv18india)
– [LinkedIn](https://www.linkedin.com/company/cnbctv18india/)
– [Instagram](https://www.instagram.com/cnbctv18india/)
Keywords/Tags: blinkit, blinkit strike, blinkit protest in Delhi, blinkit workers protest, blinkit employees protest, blinkit delivery boy protest, blinkit delivery boy protest news, blinkit protest, blinkit workers strike, blinkit news, latest update blinkit protest, blinkit delivery boy strike, CNBC TV18, CNBC TV18 News, Business News, Indian Economy, CNBC, Business News Today, CNBC TV18 English, CNBC English, CNBC India, Financial News, Business News In English, Stock Market
Transcript:
[Video Transcript Goes Here]
Source:
– [CNBC-TV18 YouTube Channel](source_link)
A theatre of conflict between Blinkit & its delivery partners over a new rate card. Shereen Bhan speaks to Zepto’s Co-Founder, CEO of Logistics company Shadowfax, National General Secretary of the Indian Federation of app-based transport workers & CEO of Bombay Shaving Company about the impact, challenges & concerns for all the business models. Listen in.
#blinkit #deliverypartner #protest #localdelivery #cnbctv18
#businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday
About CNBC-TV18: India’s leading business news channel, CNBC-TV18 offers the most comprehensive coverage of businesses, the economy and the financial markets. #n18oc_business Catch all your favourite shows, exclusive videos, big-ticket interviews and more here.
You can also connect with CNBC-TV18 News Online
Catch the latest news: https://bit.ly/2YbpXBM
Follow CNBC-TV18 round the clock: https://www.cnbctv18.com/live-tv/
Stay updated with all the market action in real time: https://www.cnbctv18.com/market-live/
You can also stay updated with all the latest news on-the-go with CNBC-TV18 Minis: https://www.cnbctv18.com/minis/
n18oc_business
GIPHY App Key not set. Please check settings