The quick-commerce player now operates in 40-plus cities, commands a dominant market share of 40%, and is pulling away from the others with a sequential quarterly growth rate of 25%. Its dark store footprint is on course to hit 1,000 by March 2025 with 152 added in Q2FY25. That may put pressure on profitability for a bit, but with the number of orders closing in on 100 million in the quarter, there's little cause for concern.
This story is from the December 27, 2024 edition of Financial Express Hyderabad.
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This story is from the December 27, 2024 edition of Financial Express Hyderabad.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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