The head of India’s biggest quick commerce player says the sector is hurtling toward a shakeout as rivals’ cash dries up, but that his startup will thrive — and continue its expansion.

A model that has so far relied on relentless fundraising is nearing its limits and companies will soon have to decide how long they can keep absorbing steep losses, Blinkit Chief Executive Officer Albinder Dhindsa said in an interview.

Global investors including SoftBank Group Corp., Temasek Holdings Pte. and Middle Eastern sovereign funds have poured billions into the sector, making it the world’s most closely watched experiment in rapid deliveries. Similar ventures across the US, Europe and other parts of Asia have unraveled. India’s dense cities, lower cost of labor and ubiquitous digital payments offer

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