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Blinkit, Instamart Gain Market Share In Q1 

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SUMMARY

Eternal saw 25% growth and Instamart 22% when the sector’s growth was below 20%, implying both of them gained market share in Q1, ICICI Securities said

This would also mean that Zepto, which is focussing on reducing cash burn and improving its bottom line, likely lost market share during the June quarter

The brokerage said that price discounting steadily decreased across platforms in Q1 and performance marketing spends also remained comparatively muted

Quick commerce majors Blinkit and Instamart gained market share…

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