Zomato Share In Focus: Blinkit, the quick-commerce owned by Eternal (Zomato), has announced to drop its 10-minute delivery service following the Government’s intervention over the safety concerns of riders.
This marks a momentary shift in how quick-commerce, promising a 10-minute delivery to customers, has been pivotal in high demand and rapid expansion across India.
Shares of Eternal opened in red to Rs 292.90 per share before rebounding in green. The scrip was trading flat at Rs 294.94 per share around 10:00 AM.
However, competitors such as Zepto and Swiggy haven’t yet announced any such step, but some reports suggest that they may follow suit.
A meeting was held with leading platforms, including Blinkit, Zepto, Zomato and Swiggy, to address concerns related to delivery timelines. Acting on the directive, Blinkit removed the 10-minute delivery promise from its branding and other aggregators are expected to follow suit in the coming days.
The move is aimed at ensuring greater safety, security and improved working conditions for gig workers.
The Ministry of Labour and Employment has recently published the draft rules for the four labour codes, which also bring gig workers on board for various benefits such as minimum wage, health, occupational safety, and social security coverage.
The move comes at a time when the debate over the rights of gig workers is heating up, with demands and protests by unions of gig workers over pay, safety and dignity.
Aam Aadmi Party MP Raghav Chadha took came forward to raise and support the demands of gig workers.
Chadha had described their demands as legitimate and said platforms had scaled not on algorithms alone but on human labour.
His intervention triggered sharp pushback from parts of the startup ecosystem.
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