The cash burn is not a question here. The question here is that Blinkit has always focused on assortment, on user experience, and on trying to basically be better ahead of peers. Their focus remains to be on that and not on cash burn.
Indian markets saw a mixed close on Thursday. While the Nasdaq and S&P dipped due to Big Tech’s AI spending concerns, the Dow edged higher.
US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve’s interest rate hike plans on the table for September.
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