here in India, a bunch of 10-minute grocery delivery startups have raised literally billions over the last few months. All operations are extremely capex heavy

here in India, a bunch of 10-minute grocery delivery startups have raised literally billions over the last few months. All operations are extremely capex heavy - they have to create hundreds of dark stores in every city to service a 2-3km area. Growth has been stellar, but what the numbers don't tell you is that the growth is simply achieved by subsidizing users. Delivery is completely free, prices are discounted, and they'll deliver any amount. I know people who will order half a dozen times a day for something as small as a pack of potato chips and a coke (order value: $1). Because why not if you're getting it for free? What happens to these startups if funding dries up and free delivery is off the table is anyone's guess.