Current biz models won’t last long, says Zomato chief

Startups must innovate for sustainable success as technology evolves rapidly, rendering current business models obsolete. Blinkit, a quick commerce venture, could surpass Zomato within a year, according to Goyal. The food delivery giant, based in Gurgaon, acquired Blinkit (formerly Grofers) for Rs 4,447 crore in 2022, aiming to establish a presence in India's burgeoning instant delivery market.