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NDTV
22-07-2025
- Business
- NDTV
Zomato's Parent Firm To Set Up New "Blinkit Foods" Subsidiary To Provide Food Services
Zomato's parent company, Eternal, recently announced that it will incorporate a new wholly owned subsidiary named Blinkit Foods Private Limited to strengthen its food services operations. In a stock exchange filing, the company stated, "Blinkit Foods is proposed to be incorporated as a wholly owned subsidiary and would inter alia engage in the business of providing food services (including innovation, preparation, sourcing, sale and delivery of food to customers)." As per reports, the entity is set to be established with a proposed authorised share capital of Rs 1 crore and a proposed paid-up share capital of Rs 10 lakh. Further details have not yet been disclosed. However, it seems likely that Blinkit Foods will support Eternal's cloud kitchen initiative, Bistro, which currently operates 38 kitchens across Bengaluru and Delhi-NCR. Also Read: Zomato Launches New 'Order Scheduling' Feature In Select Cities More About Bistro Launched towards the end of 2024 in select locations, Bistro offers ready-to-eat meals, snacks and beverages delivered within 10-15 minutes via a cloud kitchen model. The move is part of the company's broader strategy to expand its presence in the fast food delivery space through quick-service kitchen formats. According to Eternal's co-founder and CEO, Deepinder Goyal, Bistro kitchens are generating incremental demand without affecting the existing Zomato food delivery business. He stated that Bistro is aimed at addressing two specific customer needs: affordable, high-quality meals and snack-style food delivered in approximately 10 minutes. In a shareholders' letter, Goyal wrote, "While customer-side traction is pretty strong, we need to work and find answers to making money in this business. We will therefore continue to make calibrated investments towards building a scalable and profitable business here and will keep you posted when we have more to share." Also Read: Zomato CEO Impressed With X User's Suggestions For New Feature, Offers Him A Job Eternal had earlier shut down its previous food initiatives, Quick and Everyday, in May this year due to low demand and inconsistent customer experience. The decision to discontinue came amid challenges related to infrastructure readiness and service quality. Major Competition In The 10-Minute Food Delivery Space The demand for 10-minute food delivery systems seems to have been increasing, and companies are taking note. Zomato's main rival, Swiggy, already has its in-app feature for quick-prep food known as Bolt. In January 2025, it also launched Swiggy Snacc, a separate standalone app for 10-minute food delivery. Another key player in this space is Zepto Cafe, which was introduced in early 2025. It promises delivery of various ready-to-eat items in 10 minutes. The food is sourced from local vendors and dedicated kitchens housed within its dark stores. Advertisement For the latest food news, health tips and recipes, like us on Facebook or follow us on Twitter and YouTube. Tags: Zomato Blinkit Foods Blinkit Food Delivery Food Delivery Companies Show full article Comments
Time of India
21-07-2025
- Business
- Time of India
Zomato parent Eternal incorporates food services arm, Blinkit Foods
Eternal, the parent company of Zomato and Blinkit, has approved the creation of Blinkit Foods Pvt Ltd, a new subsidiary focused on the food services sector. This move coincides with the expansion of Bistro, their 10-minute food delivery service, currently operating 38 kitchens in Bengaluru and Delhi-NCR. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The board of Eternal—parent company of food delivery firm Zomato and quick commerce platform Blinkit—has approved setting up of a new subsidiary Blinkit Foods Pvt Ltd, the company said in a stock exchange incorporation of this new subsidiary, which will operate in the food services segment, comes at a time when the company is expanding its 10-minute food delivery offering, Bistro . In a letter to the shareholders, Eternal founder and CEO Deepinder Goyal said that the company has 38 Bistro kitchens across Bengaluru and Delhi-NCR."Early data is encouraging as the kitchens are generating incremental demand without cannibalising the Zomato business. Through Bistro, we are tapping into two demand pockets so far unaddressed by Zomato—customers looking for high quality but low cost meals (think customers who buy from home chefs) and customers looking for snacky food in 10 minutes," he said."While customer side traction is pretty strong, we need to work and find answers to making money in this business. We will therefore continue to make calibrated investments towards building a scalable and profitable business here, and will keep you posted when we have more to share," Goyal May, Eternal had closed its rapid food delivery programme Quick and home meals offering Everyday due to insufficient demand. Back then, Goyal had said that existing restaurant density and kitchen infrastructure are not conducive to 10-minute food deliveries, leading to inconsistent customer restaurant aggregator had consolidated its quick food delivery services under Blinkit's Bistro, moving away from restaurant partnerships to attain tighter control over food preparation timelines.
Wall Street Journal
18-07-2025
- Business
- Wall Street Journal
Japan Inflation Eases, But BOJ Still Faces Policy Challenges
TOKYO—A slight easing in Japan's consumer inflation is welcome news for the central bank, but stubbornly high food prices will be of concern for policymakers whose hands remain tied by tariffs. Core consumer prices, which excludes volatile fresh food prices, rose 3.3% from a year earlier in June, government data showed Friday. That compared with May's 3.7% rise, and matched the forecast in a poll of economists by data provider Quick.
Wall Street Journal
18-07-2025
- Business
- Wall Street Journal
Japan Consumer Inflation Eases in Relief for BOJ
TOKYO—Japan's consumer inflation eased in June, a welcome development for central-bank policymakers whose hands are tied by uncertainty about the trade outlook. Core consumer inflation, which excludes volatile fresh food prices, rose 3.3% from a year earlier, compared with May's 3.7% rise, government data showed Friday. That matched the forecast in a poll of economists by data provider Quick.
USA Today
14-07-2025
- Sport
- USA Today
Social media reacts to Alabama pitcher Riley Quick's 2025 MLB draft selection
On Sunday night, the Alabama Crimson Tide saw only one player hear their name called during the first three rounds of the 2025 MLB draft. RELATED: Tracking every Alabama baseball selection in 2025 MLB draft That selection happened between the first-and-second rounds with right-handed pitcher Riley Quick, who came off the board in Competitive Balance Round A at pick No. 36 overall to the Minnesota Twins. A redshirt sophomore, Quick was Alabama's top pitcher in 2025, enjoying a breakout campaign in which he owned a 3.92 ERA across 14 starts. Quick also owned a combined 3.72 ERA across his 31 career appearances at Alabama. Let's take a look back at some reactions on social media to Quick's selection from the 2025 MLB draft on Sunday night. Contact/Follow us @RollTideWire on X, and like our page on Facebook to follow ongoing coverage of Alabama news, notes and opinion.
