Analysts crown Blinkit QC leader with 43% upside as Udaan's parent faces Singapore bankruptcy
Anand Rathi tags Blinkit the undisputed quick commerce leader, seeing 43% upside on Eternal with a Rs 400 target. Meanwhile Udaan's parent is dragged to Singapore bankruptcy court over a $170M default, Instamart names Gautam Swaroop CBO, and Amazon eyes its biggest Prime Day.
What happened
Roundup: Anand Rathi sees Blinkit as undisputed QC leader with 43% upside on Eternal; Flipkart names Vinay Vaidya SVP tech; Udaan's parent dragged to Singapore
Key facts
- 43% upside
- Rs 400 target price
- $170-million bond default
- 2x growth since 2023
Why this matters
Udaan's parent's $170M default and bankruptcy proceedings could open distressed asset or consolidation opportunities as the QC field narrows to clear leaders.
What to watch
- Eternal quarterly GOV, take-rate, and Blinkit contribution margin prints
- Singapore court rulings and Udaan creditor negotiations
- Instamart market-share and burn disclosures
- Consensus target revisions clustering near Rs 400
- Amazon Prime Day GMV and any dedicated QC launch in India
- Eternal/Blinkit accelerates dark-store additions and touts leadership metrics to justify valuation
- Swiggy Instamart announces new category or margin initiatives under Swaroop within a quarter
- Udaan management issues restructuring/creditor statement to contain reputational damage
- Rival brokerages issue matching or contrarian Eternal targets after Anand Rathi note
- Amazon markets QC/express delivery expansion around Prime Day