Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Blinkit delivery partners strike has no material impact on financial performance: Zomato

The ongoing strike by Delivery Partners associated with Blinkit and the temporary closure of a few stores have no material impact on Zomato's operations and financial performance, the company said in an exchange filing on Wednesday.

The Bombay Stock Exchange (BSE) on Wednesday sought clarification from the food Delivery firm on news reports stating that Blinkit had temporarily closed stores after delivery partners protested a change in payout structure.

"These disruptions and changes have no material impact on the operations/financial performance of the company (meaningfully less than 1% revenue impact), and hence, we believe that this event does not warrant any disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015," Zomato said in the filing.

Blikit's delivery partners are protesting against the company's updated commissions system in Delhi-NCR for the second-straight week, saying the grocery delivery firm has brought down commissions to Rs 15 from Rs 30.

These partners met Gurugram Deputy Labour Commissioner Dinesh Kumar and submitted their demands on Monday. Representatives of Blinkit were also present at the meeting.

Also Read
Blinkit to launch Urban Company-like vertical for home services: Report

The Deepinder Goyal-led company said it shut down some stores for a few days to ensure the safety of its employees at stores and the delivery partners. Most of these stores have now resumed operations.

Delivery partner payouts were restructured to address the needs of delivery partners, improve customer experience, and reduce cancellations and order rejection frauds by a few delivery partners in the system, the company said, noting that such changes are implemented from time to time.

At the time of publishing, Zomato's shares gained 2.5% to Rs 54.65 apiece.


Edited by Akanksha Sarma



This post first appeared on The Impact Of Audience Response System On Your Events, please read the originial post: here

Share the post

Blinkit delivery partners strike has no material impact on financial performance: Zomato

×

Subscribe to The Impact Of Audience Response System On Your Events

Get updates delivered right to your inbox!

Thank you for your subscription

×