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Blinkit Introduces EMI Payment Option for Orders Above ₹2,999: Here’s What You Need to Know!

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Blinkit, the quick-commerce platform formerly known as Grofers, has launched a new EMI (Equated Monthly Installment) payment option aimed at making larger purchases more affordable for its users. Announced by CEO Albinder Dhindsa on social media, the new feature allows customers to opt for EMI payments on orders exceeding ₹2,999, with the exception of gold and silver coins. This move is designed to ease financial planning by enabling users to spread out payments over time, offering more flexibility in managing higher-value purchases.

Key Features of the EMI Option

“We have introduced buying with EMI on Blinkit!” Dhindsa shared. “We believe this will improve affordability and enable better financial planning for our customers.”

Benefits of the EMI Payment Option

  • Affordability: The EMI option allows customers to make larger purchases without the burden of immediate full payment.
  • Financial Flexibility: Users can manage their budgets better by spreading costs over several months.
  • Targeted Offerings: The option is particularly beneficial for price-sensitive customers looking to buy higher-value items.

This introduction comes as part of Blinkit’s broader strategy to enhance customer retention by offering convenient and financially accessible services. By providing EMI payment options, Blinkit aims to appeal to price-sensitive customers and make the platform more attractive amid economic uncertainties. This aligns with a growing trend in the e-commerce industry, where companies are leveraging EMI schemes to cater to a wider audience and encourage higher-value transactions.

Competitive Landscape

Founded in 2013, Blinkit has continuously expanded its services to compete with key rivals such as Swiggy Instamart and Zepto. In recent months, Blinkit has been adding higher-priced items, including electronics like iPhones, to its platform. The new EMI option will help the company reach more customers looking for flexible payment solutions on these larger purchases.

Recent Innovations

In addition to the EMI feature, Blinkit has introduced other innovations to stay ahead in the competitive market:

  • 10-Minute Returns and Exchanges Service: This service for clothing and footwear is currently available in major cities like Mumbai, Bangalore, Hyderabad, and Pune. It enables quick replacements for size-related issues, enhancing the customer experience.
  • GSTIN Input During Checkout: Blinkit now allows users to input their GSTIN during checkout for business purchases, enabling companies to claim up to 28% in GST input credits.

Customer Safety Concerns

The introduction of the EMI option comes amid rising concerns about food safety in India’s food delivery sector. Earlier this year, a tragic incident in Patiala saw a young girl lose her life after consuming a cake ordered through Zomato. In response, Zomato removed the offending restaurant from its platform and banned its owner from operating on the platform in the future.

While Blinkit focuses on expanding its services and enhancing customer convenience, it must also remain vigilant about safety and quality standards to build trust among its user base.

Conclusion

With quick delivery times, competitive pricing, and now easier payment options like EMIs, Blinkit is strengthening its position as a leading player in the grocery and essentials delivery sector. The introduction of this feature not only enhances customer experience but also aligns with broader trends in e-commerce that emphasize affordability and accessibility.

As Blinkit continues to innovate and adapt to market demands, it will be crucial for the platform to maintain high standards of service while expanding its offerings. The success of the EMI payment option could serve as a significant differentiator in an increasingly competitive landscape.

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Bengaluru’s Hypergro.ai Raises Rs 7 Crore to Enhance AI-Powered Advertising Solutions

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Hypergro.ai, a Bengaluru-based marketing technology startup, has raised Rs 7 crore in seed funding led by Silverneedle Ventures, with participation from Huddle, TDV Partners, HME Ventures, Dholakia Ventures, FiiRE, and angel investors. Founded in 2022 by Rituraj Biswas, Neha Soman, Abhijeet Kumar, and Arijit Mukhopadhyay, the company aims to revolutionize digital marketing by addressing challenges like high Customer Acquisition Costs (CAC) and low Return on Ad Spend (ROAS).

 

The startup leverages AI to create hyper-personalized video ads using user-generated content (UGC). The fresh capital will be used to enhance Hypergro.ai’s AI capabilities, expand operations, and build a specialized team focusing on data analysis, predictive algorithms, and automation.

 

Since its inception, Hypergro.ai has collaborated with over 70 brands, including several from Shark Tank India. The company’s innovative approach has led to its selection for Google’s Startups Accelerator: AI First (India) program in July 2024, providing access to critical training, mentorship, and state-of-the-art AI tools.

 

Hypergro.ai’s platform now supports a community of over 300,000 creators across India and has partnered with more than 100 brands, significantly enhancing its AI model’s accuracy and improving revenue generation for clients. As it continues to expand and refine its AI-powered marketing solutions, Hypergro.ai is set to transform the digital advertising landscape, offering businesses more effective and efficient customer acquisition and engagement strategies.

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Meta Faces Another Copyright Lawsuit Over AI Training Practices

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Meta Faces Another Copyright Lawsuit Over AI Training Practices

Meta, the parent company of Facebook and Instagram, is facing fresh legal challenges over allegations that it used copyrighted materials without permission to train its artificial intelligence models, including its LLaMA series. This lawsuit adds to the growing scrutiny of AI companies’ data sourcing methods.

The Allegations

Authors such as Sarah Silverman and Michael Chabon claim Meta trained its AI models on datasets containing their copyrighted works without authorization. Plaintiffs argue this constitutes copyright infringement, while Meta defends its actions under the “fair use” doctrine, asserting that the training process is transformative and legally permissible.

Internal Discussions Raise Concerns

Court documents reveal internal chats among Meta employees discussing the use of copyrighted materials. One researcher suggested acquiring books without permission, stating, “ask forgiveness, not for permission.” These discussions highlight potential awareness within Meta of the legal risks involved.

Fair Use Debate

Meta maintains that its use of copyrighted texts to train LLaMA models is transformative and falls under fair use. The company compares this practice to Google’s precedent in Authors Guild v. Google, where copying books for search tools was deemed fair use. However, critics argue that training AI for commercial purposes does not meet fair use criteria.

Broader Implications

This lawsuit reflects wider concerns about how AI developers source training data, often relying on publicly accessible yet potentially copyrighted materials. As litigation against companies like Meta, OpenAI, and Google increases, clearer regulations may be necessary to balance innovation with intellectual property rights.

The outcome of this case could significantly impact both AI development practices and copyright enforcement in the tech industry.

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Flipkart Partners with NCERT to Boost Textbook Accessibility

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Flipkart has joined hands with the National Council of Educational Research and Training (NCERT) to enhance the accessibility of NCERT textbooks for students across India, particularly those in Tier 2 and Tier 3 cities. This strategic partnership aims to bridge the gap in access to quality education by leveraging Flipkart’s extensive reach and logistics network.

Key Benefits of the Partnership

  • Enhanced Accessibility: With this collaboration, students in remote areas can now order NCERT textbooks online and have them delivered directly to their doorstep. This initiative is particularly beneficial for families in regions where physical bookstores may be limited or non-existent.
  • Affordability: Flipkart’s platform will offer competitive prices on NCERT textbooks, making them more affordable for students and parents. Discounts and promotions may also be available, further reducing the financial burden on families.
  • Convenience: The partnership provides a seamless online shopping experience for parents and students alike. With an easy-to-navigate platform, users can quickly find and purchase the textbooks they need without the hassle of traveling to physical stores.

Alignment with Government Initiatives

This initiative aligns with the Indian government’s vision of promoting digital learning and making education more inclusive. By providing easy access to essential textbooks, Flipkart and NCERT are working together to empower students and contribute to the nation’s educational growth. This partnership supports the government’s broader goals of enhancing educational resources through technology and ensuring that quality learning materials are available to all students, regardless of their location.

Additional Context

The partnership comes at a time when there is a growing emphasis on digital education in India, especially following the disruptions caused by the COVID-19 pandemic. The shift towards online learning has highlighted the need for accessible educational resources. By collaborating with NCERT, Flipkart is not only expanding its product offerings but also playing a vital role in supporting educational equity across the country.

Authorized Sellers

Flipkart will work with authorized sellers designated by NCERT to ensure that students can easily purchase authentic NCERT textbooks through its platform. This collaboration guarantees that all textbooks are genuine and meet the quality standards set by NCERT.

Conclusion

The partnership between Flipkart and NCERT represents a significant step towards improving textbook accessibility for students in India. By leveraging technology and e-commerce capabilities, this collaboration aims to make quality educational resources more widely available, particularly in underserved regions. As both organizations work together to enhance educational outcomes, they are contributing to a more equitable learning environment that empowers students across the nation.

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