Blinkit tops quick commerce with over 50% market share, set to gain more: BofA

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Blinkit has solidified its dominance in India's quick commerce sector, now commanding over 50% market share, according to BofA Securities. This growth comes as rivals like Zepto and Instamart prioritize profitability over aggressive expansion. With reduced competition and sustained user demand, Blinkit is poised for further gains in net merchandise value and gross merchandise value.