Zomato acquires Blinkit for $568 million in instant ... - TechCrunch
Jun 24, 2022 · Zomato has acquired Blinkit, a struggling 10-minute grocery delivery startup, in a $568.1 million all-stock deal as the loss-making food delivery firm looks to broaden its offerings at a time...
Quick commerce is making fast inroads in India | TechCrunch
Mar 11, 2024 · Zomato’s Blinkit leads the quick commerce market in India, having cornered as much as 46% of the market share by GMV in the quarter that ended in December, according to a separate analysis.
Zomato’s quick commerce unit Blinkit eclipses core food business …
Apr 25, 2024 · Goldman Sachs said in a report late Thursday that Indian food delivery giant Zomato's quick commerce arm Blinkit is now more valuable than its core food.
Blinkit now the largest player in major metros except Chennai ...
Oct 22, 2024 · Akshant Goyal, chief financial officer (CFO) of Zomato, said Blinkit has become the largest player in quick commerce across major metropolitan cities, except for Chennai and Hyderabad.
Blinkit Takes Off: How Zomato’s Quick Commerce Bet Delivered …
May 13, 2024 · After a watershed FY24, Zomato's quick commerce platform seems to have turned around its story and fortunes with a huge spike in revenue. Blinkit reported total revenue of over INR 2,300 Cr for...
Goldman Sachs says Blinkit now more valuable than Zomato's …
Apr 26, 2024 · Goldman Sachs recently stated that Blinkit, the quick commerce startup acquired by Zomato in 2022, is now valued higher than Zomato's main business of food delivery. In a recent note, the global brokerage firm valued Blinkit at Rs 119 per share, totaling a $13 billion equity valuation, which is higher than Zomato's core food delivery business ...
Blinkit delivers surging Q1 profit for India's Zomato | Reuters
BENGALURU, Aug 1 (Reuters) - India's Zomato (ZOMT.NS) reported a bigger-than-expected increase in quarterly profit on Thursday, fueled by soaring demand at its quick commerce division Blinkit and...
Zomato to acquire Blinkit for ₹4,447 crore in all-stock deal
Jun 25, 2022 · Food delivery platform Zomato has agreed to acquire instant grocery startup Blinkit for ₹ 4,447 crore ($569 million) in an all-stock deal, as it seeks to exploit a fast-growing market for quick...
Blinkit to become bigger than Zomato in one year? What …
Blinkit’s growth has outpaced Zomato’s core food delivery business in the third quarter (Q3) of financial year 2023-24 (FY24) with gross order value (GOV) growing 103 per cent year-on-year ...
Blinkit on Zomato Plate: Board OKs Rs 4,447cr Deal - The Economic Times
Jun 24, 2022 · Food delivery app Zomato’s board has approved its acquisition of quick commerce startup Blinkit (formerly Grofers) for 4,447 crore (about $570 million) in an all-stock deal. The transaction value is 40% lower than Blinkit’s last valuation of just over $1 billion. As per discussions held earlier, the deal was pegged at $700-750 million.