Blinkit's Phenomenal Growth Boosts Deepinder Goyal's Fortune

In an astonishing turn of events, Deepinder Goyal, the CEO of Eternal, saw his net worth increase by a staggering Rs 2,000 crore in just two days, thanks to the explosive growth of Blinkit. Eternal's shares hit a record high, showcasing the immense potential of quick-commerce in India.

Market Reaction and Future Outlook

The surge in Eternal's market capitalization to over Rs 3 lakh crore has positioned it ahead of traditional giants like Wipro and Tata Motors. Analysts from top brokerages, including Jefferies and Goldman Sachs, have revised their outlooks upwards, signaling strong confidence in Blinkit's market leadership and the quick-commerce sector's growth.

Investor Enthusiasm and Sector Impact

Blinkit's achievement of overtaking Zomato in net order value has not only benefited Eternal but also lifted the spirits across the sector, with rivals like Swiggy seeing significant gains. This milestone underscores a seismic shift in consumer preferences towards quick-commerce solutions.