70% Blinkit delivery partners choose new pay system; Zomato's shares rise

Zomato-owned Blinkit has claimed that 70% of its delivery partners have chose the company's new payout structure. According to a Blinkit spokesperson, all the stores are back in operations now.

The spokesperson said, "All of our stores are back in operations now. Over 70% of our delivery partners have also opted-in to the new payout structure, without any loss in earnings and continue to deliver on the platform. We are experiencing higher demand than supply at the current moment and some customers will see higher than expected times for the next few days".

Immediately after this announcement, Zomato's shares went up as much as 5%. In a regulatory filing, Zomato said the disruptions in Blinkit had no material impact on its operations or financial performance. It had less than 1% impact on Zomato's revenue.

Zomato had made changes to the payout structure of Blinkit employees, following which protests erupted across Delhi-NCR. Zomato had bought Blinkit last year for $550 million. Blinkit accounted for 12.7% of Zomato's total revenue in the third quarter.