Tech3 | Blinkit scraps zero notice period amid poaching; NPCI CEO Dilip Asbe hints at UPI market cap deadline extension; and more

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In today’s newsletter:?

• Blinkit scraps zero notice period amid poaching
• NPCI CEO Dilip Asbe hints at UPI market cap deadline extension
• IndiGo to launch VC fund for startups

Blinkit scraps zero notice period amid poaching

While Blinkit promises 10-minute grocery deliveries, it is taking a measured approach to employee separations.

Driving the news:?In a bid to retain top talent in the competitive quick commerce market, Blinkit has made a significant change in its employment contracts.

• It is extending notice periods from nil to two months for many staff members, especially in leadership roles, sources told us

• The company introduced the zero-day notice period policy earlier this year

To further protect sensitive information, in certain cases, Blinkit is sending employees on garden leave who are moving to direct competitors.

Why the change?:?As the $5.5 billion rapid delivery sector in India heats up, Blinkit’s decision comes as a proactive measure against poaching by well-funded competitors like Zepto and industry giants like Flipkart.

“Blinkit’s move is pre-emptive and also is a response to what is happening now. A well-funded competitor like Zepto, or a large rival like Flipkart, can make a handsome offer and easily poach talent from Blinkit," a source told us.

Talent war heats up:?In this landscape, quick commerce companies are not just waiting for talent to come to them; they are actively pursuing them.

• Companies like Swiggy are actively hiring employees from e-commerce giants like Flipkart and Amazon

Meanwhile, firms like Zepto have been known to offer highly competitive packages, including substantial annual increments and promotions.

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