Blinkit Drops 10-Min Delivery Over Rider Safety; Zomato Shares Trade Flat

• Blinkit, owned by Zomato, has discontinued its 10-minute delivery service due to government intervention regarding rider safety.
• This decision follows a meeting with major quick-commerce platforms, including Blinkit, Zepto, Zomato, and Swiggy, to address delivery timeline concerns.
• The move aims to enhance safety, security, and working conditions for gig workers, aligning with recent draft rules for labour codes.
• Zomato shares opened lower but traded flat at Rs 294.94 per share after the announcement.
• Aam Aadmi Party MP Raghav Chadha supported gig workers' demands, emphasizing human labor's role in platform scaling.

Why It Matters: Blinkit halts 10-minute delivery for rider safety, impacting Zomato shares and quick-commerce industry.