Blinkit eliminates 'zero notice period' as competition for talent grows
The corporation requires senior employees to sign an extension to their contracts, increasing their notice period from zero to two months
Blinkit's move is in response to the current situation. A well-funded competitor like Zepto or a huge rival like Flipkart can make a sizable offer and easily recruit talent from Blinkit
Zomato, which owns Blinkit, implemented this rule in July, according to media sources
Blinkit now sends employees on garden leave for two months if they are likely to join a direct competitor
Over the past six months, quick commerce companies have expanded and varied their offerings to satisfy increasing consumer demand
In Q1 FY25, Blinkit's gross order value (GOV) increased by 130% to INR 4,923 Cr from INR 2,140 Cr in the same period the previous year
Blinkit now operates 639 dark storefronts across the country, with an average daily GOV of INR 10 Lakh per store, up from INR 6 Lakh for 383 stores earlier
Major quick commerce providers such as Blinkit, Zepto, and Swiggy Instamart are predicted to have a gross order value of $10 billion by FY26