New Delhi, Dec. 9 -- India's quick commerce sector is heading toward a major shakeout, warns Blinkit CEO Albinder Dhindsa. Startups in this space are burning through cash and struggling to sustain deep losses.

Dhindsa made his comments in an interview with Bloomberg. He said the quick-delivery model, once fueled by non-stop fundraising, is reaching its limits. Despite this, he claimed that Blinkit remains confident and is pushing ahead with its expansion plan.

Platforms such as Swiggy Instamart, Blinkit, Zepto, and BigBasket now face rising competition. They are aggressively fighting for market share, leading to mounting profitability pressures across the board.

Global investors, including SoftBank Group Corp., Temasek Holdings Pte. an...