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India Today
3 hours ago
- Lifestyle
- India Today
The cost of convenience: What we lost to 10-minute deliveries
The year is 2006. I'm a 10-year-old in class 6, living in the middle of one of Delhi's busiest markets, Sarojini Nagar. Back then, it was a full-blown family market, buzzing with everything from clothes and footwear to electronics, furniture and stationery. I would often descend three floors to buy milk, bread, eggs or guests turned up unannounced, Mum would quietly slip me a Rs 50 note to fetch essentials. Like an obedient kid who obviously enjoyed these mini escapes from the four walls of home since there were no phones to stay glued to, I would rush through the busy lanes – without noticing the cool 'Sarojini ke kapde' hanging around the shops and walls - to Santosh before I would say a word, the shop owner would guess if I was back again for a litre of Mother Dairy toned milk and 250 grams paneer. Other days, I would go first and say, 'Bhaiya, ek kilo toned,' only to be corrected that milk is measured in litres and not kilos. 'Oh haan, sorry bhaiya,' I'd mumble, grinning sheepishly. Other errands included fetching tomatoes. The joy of being recognised, of being known! Some evenings, I'd manage to fill the steel pan of the weighing scale with exactly 1 kilo of tomatoes. No adjustments needed - no adding or removing a tomato - once the vendor placed the 1 kg weight on the other side. Oh, what a win that felt like! These small market runs taught me more than I realised at the time: quick mental maths, conversations with strangers, backup plans when a shop was shut. So much unintentional learning!PS: Even the negotiation skills (though still questionable) came from that free dhaniya-mirchi!Even as we moved through several homes across Delhi-NCR, what made a new place feel like home was the act of discovering a local kiraana store-and slowly becoming a familiar face there. Especially for my mother, who had transitioned from a joint family setup to a nuclear one. Those small market interactions were more than errands for delivery services enter the sceneThen came Blinkit, Zepto, Swiggy Instamart - offering 10-minute deliveries and one-click convenience. Slowly and silently, they started replacing these tiny rituals. And while they've made things easier, they've also taken many 2025. There's no such thing as a 9 to 5 anymore. Work spills into all hours, and even after office, most of us are still answering messages and emails. Who wants to go downstairs just for a tray of eggs? Well, I still do.I enjoy picking up rice paper and fresh veggies after work to make dinner rolls. I'll grab milk, Holi colours, or even Shivratri samagri from the local shop when I can. But my mother? She's fully adapted. Even during Karwa Chauth, she ordered a pre-curated thali—sindoor, bangles, bindi and more—all delivered within minutes. It's efficient, no doubt. But sometimes I wonder: what happened to those small outings with Dad, where they handpicked everything with care? Her day now begins with comparing prices on Zepto, Blinkit or Instamart. Whichever offers the best deal gets the order. In the evening, if the house help mentions a missing item, she's already reaching for her phone to place an her grocery runs doubled up as mini walks. They boosted her mood, gave her steps (which the doctor says she needs many), and connected her to the neighbourhood. She'd stop to get a gas stove fixed, browse for a new suit, or snack on some fresh namkeen. Step count goals, anyone?The hidden costs of overdependency on instant deliveryThe sabziwaala would not only help her pick the freshest produce but also proudly inform her when he had brought kathal especially for her. In winter, she'd handpick bunches of sarson saag and get them chopped right there. While at it, she would also bump into an old aunty and talk about things ranging from increased prices of suit stitching, health concerns to any new colony scandal. These small exchanges filled in the quiet spaces of the day. They made sure loneliness didn't. advertisementBut it's not just her. Many of us are drifting in this direction - leaning more on apps, less on people. Our growing reliance on instant delivery is shrinking those everyday moments of interaction. The ones that quietly stitched our lives not the only cost. There's the financial one too. When you're too tired or too busy to plan your groceries, you end up ordering in pieces - adding things you didn't need just to hit the free-delivery minimum. Or paying more for one forgotten item. Whatever happened to monthly planning!Then there's the emotional trade-off - instant gratification. It's so easy to cave in to a late-night craving and order a bowl of ramen after watching a Reel. Before you've even thought about whether you really need it, it's already on its way. That quick dopamine hit doesn't last course, these apps are a blessing on tough days. When you're sick or short on time, they can be a lifeline. For people in under-served areas, they offer genuine access. This isn't about demonising maybe, next time you feel like swiping through a grocery app, head to a local shop instead. You might return with more than just groceries. A smile, a chat, a sense of connection and perhaps a small win with the weighing the cost of convenience isn't what you pay. It's what you miss.- EndsMust Watch
India.com
5 hours ago
- Business
- India.com
Rs 20000000000 earned in just 2 days! Blinkit makes Deepinder Goyal even richer by..., beats BIG companies like Wipro, Tata Motors, others
BIG trouble for Deepinder Goyal as internal whistleblower alleges... Zomato CEO responds, says.... Deepinder Goyal, one of India's modern business icons, is once again in the news. His company, Eternal, has seen a big jump in its share price and the reason behind this sudden rise is its quick commerce business, Blinkit. Because of this sharp rally, Goyal's personal wealth has gone up by nearly Rs. 2,000 crore in just two days. In the last two trading sessions, Eternal's shares have increased by over 21 per cent. On the NSE, the stock even hit an all-time high of Rs. 311.60. This strong performance has pushed Eternal's market value beyond Rs. 3 lakh crore, making it more valuable than big names like Wipro, Tata Motors, Nestlé, and Asian Paints. Deepinder Goyal's net worth crosses Rs. 11,500 crore Deepinder Goyal, who is 42 years old, owns 3.83 per cent of Eternal. Thanks to the rise in the share price, his total wealth has now crossed Rs. 11,515 crore. According to Forbes, his net worth is now about USD 1.9 billion, placing him among the fastest-growing entrepreneurs in India. The rise in Eternal's share price The rise in Eternal's share price is not random as the biggest reason behind it is the growth of its quick delivery business, Blinkit. According to reports, Blinkit's net order value (NOV) has now become bigger than Zomato's food delivery business. Eternal's success is also helping its competitors and investors. For example, Swiggy's shares jumped 7 per cent in a single day. Info Edge, which owns 12.38 per cent of Eternal, saw its stock price rise by more than 3 per cent. Now, Eternal is planning to open 3,000 Blinkit stores in the future, though the exact time of the plan has not been revealed yet. Who is Deepinder Goyal and how did he start Zomato? Deepinder Goyal is the co-founder and CEO of Zomato. He started the company in 2008 along with his friend Pankaj Chaddah. At first, the website was called Foodiebay. It simply showed menus of different restaurants. The idea came to him when he was working at Bain & Company. He noticed that people in his office often struggled to find restaurant menus during lunch. That's when he got the idea as to why not put all the menus of the restaurants in one platform? Later in 2010, the company was renamed Zomato, and it slowly became a popular name in the food industry. What was Deepinder Goyal's early life and education like? Deepinder Goyal was born on 26 January 1983 in a small village in Punjab. He did his schooling in Chandigarh. After that, from 2000 to 2005, he studied at IIT Delhi, where he earned a degree in Mathematics and Computing. After college, he got a job at Bain & Company, a global consulting firm. That's where his journey toward starting Zomato began. What services does Zomato offer today? Today, Zomato offers many useful services in India and the UAE. It helps people order food online, book tables at restaurants, and read reviews written by other customers. In 2022, Zomato also bought Blinkit (which was earlier called Grofers). Blinkit delivers groceries and daily essentials in just 10 minutes.
Time of India
5 hours ago
- Business
- Time of India
Explained: How Zomato's Deepinder Goyal became Rs 2,000 crore richer in just 2 days
Deepinder Goyal, the Zomato CEO, is once again making headlines as the billionaire's net worth has jumped by around Rs 2000 crore in just 2 days. According to an ET report, following a blistering rally in Eternal shares, Deepinder Goyal got Rs 2,000 crore richer in just 2 days, on Tuesday. As per the report, the investors have reacted positively to the rapid expansion of Blinkit, the quick commerce division of Eternal, leading to a surge of over 21 per cent in the company's shares over the past two days. The stock even reached a new all-time high of Rs 311.60 on the NSE. Eternal's 42-year-old founder and CEO, Goyal, who is a self-made billionaire, has seen the value of his 3.83 per cent stake in the company rise to Rs 11,515 crore as a result of it. Deepinder Goyal's net worth is now estimated to be $1.9 billion According to Forbes's list of real-time billionaires, the IITians' net worth is $1.9 billion (Rs 15,820 crore). Meanwhile, during the whole day, the Eternal shares surpassed the R 3 lakh crore market capitalisation mark. Additionally, now it is more valuable than the likes of Wipro, Tata Motors, Nestlé, and Asian Paints. The impact was not only seen on Blinkit, but the boom in Eternal share also positively impacted the rival company Swiggy, which rallied over 7 per cent during the day. How did Zomato's Deepinder Goyal add Rs 2000 crore as Eternal shares hit a record? On Tuesday, shares of Eternal jumped over 21 per cent in the past 48 hours, hitting a new record high of Rs 311.60 on the NSE, reported India Today. The rally came despite the company reporting a 90 per cent year-on-year fall in its consolidated net profit for the quarter ended June 2025 (Q1FY26). The net profit stood at Rs 25 crore, down from Rs 253 crore in the same period of the previous year. Following the release of Eternal's first-quarter financial year 2026 earnings, the share price experienced a significant rise. In the first quarter of FY26, Zomato's parent business reported a 90 per cent year-over-year drop in net profit to Rs 25 crore. However, during the reviewed quarter, its operating revenue rose by 70 per cent year over year to Rs 7,167 crore. The increase in Eternal's share price was further reinforced by positive management remarks. Revenue generated from the food delivery segment rose by over 16 per cent For Q1 FY26, the company noted a rapid commerce revenue of Rs 2,400 crore, up approximately 155 per cent YoY from Q1 FY25's revenue of Rs 942 crore. The meal delivery segment's revenue increased by more than 16 per cent year over year to Rs 2,261 crore. FAQs Q. What does this mean for Eternal? The spike in share price pushed Eternal's market capitalisation past Rs 3 lakh crore, making it more valuable than rival companies Wipro, Tata Motors, Nestle, and Asian Paints. Q. How many shares does Deepinder Goyal have? The sudden rally transition translated into a significant wealth gain for Eternal CEO Deepinder Goyal, who holds nearly 369,471,500 shares in the company. For the latest and more interesting financial news, keep reading Indiatimes Worth.
Mint
6 hours ago
- Business
- Mint
Eternal market cap zooms past Wipro, Tata Motors, Asian Paints, other Nifty 50 stocks; valuation triples since listing
Eternal share price extended its gains for the third consecutive session on Wednesday. In the previous session, the stock jumped over 10% to hit a fresh 52-week high of ₹ 311.60 apiece on the BSE. The rally lifted Eternal's market capitalisation to over ₹ 3 lakh crore, positioning it among the top 26 companies in the Nifty 50 index. The shares of food delivery giant Zomato's parent company has surged 18% over the past three sessions, and have now surpassed the market capitalisation of several established names, including Wipro ( ₹ 2.72 lakh crore), Tata Motors ( ₹ 2.52 lakh crore), Coal India ( ₹ 2.40 lakh crore), Bajaj Auto, Asian Paints, and Nestle India. State-run PowerGrid Corporation was trading with a market value near ₹ 2.78 lakh crore. Eternal share price has witnessed significant growth since its stock market debut on July 23, 2021, exactly four years back. The company was listed at ₹ 116 per share on the NSE, a 52.63% premium over its IPO issue price of ₹ 76, giving it a market cap of over ₹ 1 lakh crore on listing day. Since then, Eternal has become part of the benchmark Nifty 50 index and has outpaced several legacy companies in terms of market value. Zomato's parent company reported a 90% year-on-year (YoY) decline in net profit during the first quarter of FY26, falling to ₹ 25 crore. Despite the plunge in profit, revenue from operations surged 70% YoY to ₹ 7,167 crore during the quarter. For the first time, Blinkit's net order value (NOV) exceeded that of Eternal's core food delivery business on a full-quarter basis. The company noted that, on an annualised basis, total NOV across its B2C businesses has reached nearly $10 billion, with Blinkit now contributing close to 50% of that figure. Blinkit's Q1 FY26 revenue jumped to ₹ 2,400 crore, compared to ₹ 942 crore in the same quarter last year. Gross order value (GOV) for Blinkit grew 140% YoY. The business also showed improvement on the profitability front, with adjusted EBITDA loss narrowing to ₹ 162 crore from ₹ 178 crore in Q4 FY25. 'Eternal once again surprised us positively on Blinkit. This time though, the surprise was more on management commentary than the reported numbers, as it was quite a contrast to the cautious tone post Q4FY25 results,' JM Financial said. Notably, the company stated that Blinkit's EBITDA losses have peaked — both in margin and absolute terms — and that its transition to an inventory-led model over the next 2–3 quarters could improve margins by approximately 100 basis points (as a percentage of NOV), while requiring only limited working capital. Eternal also indicated plans to nearly double Blinkit's dark store count from 1,544 to 3,000, further highlighting its aggressive expansion strategy. Despite the strong performance of Blinkit, there were some concerns in Eternal's Q1 results. The adjusted EBITDA margin for the food delivery business contracted sequentially for the first time in 14 quarters. Additionally, there was an unexpected rise in investments in 'Bistro' — a venture operated by Blinkit. Nonetheless, JM Financial believes the positives in Blinkit are likely to outweigh the misses in other businesses. The brokerage firm reiterated Eternal as its preferred pick with a 'Buy' rating on the stock, and an unchanged target price of ₹ 320 June 2026, implying a price-to-earnings ratio (PER) of 75x. Eternal share price has gained 18% in one month and more than 25% in three months. The stock has rallied 35% over the past six months, while it has risen 9% on a year-to-date (YTD) basis. Eternal share price has delivered multibagger returns of 273% in two years and a staggering 460% in three years. At 1:50 PM, Eternal share price was trading 0.37% higher at ₹ 300.95 apiece, with a market-cap of ₹ 2,90,427.30 crore, on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
NDTV
7 hours ago
- Entertainment
- NDTV
Viral Photo Of Delivery Riders At Bengaluru Signal Sparks Comparison To Avengers And Power Rangers
A photo featuring multiple delivery riders taken at Bengaluru's Sony Signal has taken the internet by storm and sparked a hilarious meme fest. The viral photo captured a striking moment of spontaneous 'unity,' and it has led to many funny comparisons. The photo shows five food and grocery delivery riders in different coloured raincoats on two-wheelers on a rainy evening. Their attire has their company names, so we know that they work for Swiggy, Zomato, Zepto, Blinkit and Flipkart Minutes. After this image went viral, someone edited it to add a Big Basket delivery rider to the scene, too. Only possible at sony signal — rahul thanniru (@RahulThanniru) July 17, 2025 The viral photo has been reshared across social media platforms, and users are amusing themselves by coming up with different captions for it. Many have compared the delivery riders to Marvel's Avengers by sharing GIFs and pictures with "Avengers Assemble" written on them. A few have also called it a type of multiverse moment by captioning the picture "QC (Quick Commerce) Universe," or "DCU (Delivery Cinematic Universe)." The latter is also a pop cultural reference - a possible nod to the famous Marvel Cinematic Universe, or MCU. Other users compared the group to the Power Rangers, especially given that the riders' raincoats were of different colours. DCU (Delivery Cinematic Universe) — vani (@paneerchillli) July 18, 2025 Read some of the comments and reactions from X users below: Koramangala task force 😂🦄 — Peak Bengaluru (@peakbengaluru) July 18, 2025 What in the QC universe is this lineup. 😂😂 — Uɴʙᴏx Mᴀᴛʀɪx (@unboxmatrix) July 18, 2025 Green ranger is missing @bigbasket_com — Niklaus🇮🇳 (@SrhFanatic) July 18, 2025 Whitfield now very far behind… — Siddharth Lahri (@LahriRaj) July 18, 2025 This pic goes down in history— Sweet Tooth (@__Koustubh__) July 18, 2025 Multiverse of Madness— Sanket (@Marswalkerr) July 18, 2025 Peak Bengaluru moment! All QC together in an Avengers Assemble mode.— Naveen Shandilya (@ShandilyaNaveen) July 18, 2025 We are cooked and it's not good— Abhi Rajput (@Abhirajputfit) July 18, 2025 Posts about delivery riders have become a common part of online discussions about city life, and the above photo is just one example. Many viral posts spotlight different aspects of the same. Before this, a Delhi man made headlines after he revealed he worked as a delivery rider for both Zepto and Blinkit. He shared a detailed comparison of his experiences, and it received a lot of interest online. Read the full viral story.
