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- 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 when its shares are trading far below last year’s debut price and less than half of the all-time highs.
techcrunch.com/2022/06/24/zomato-blinkit/Zomato acquires Blinkit for $568 million in instant-grocery ...
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Why did Zomato acquire blinkit?
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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...
Apr 26, 2024 · The implied value of Blinkit, the troubled quick commerce startup that Zomato acquired in a fire sale in 2022, is now larger than that of Zomato’s core business (food delivery), analysts at ...
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 ...
- Business
Apr 26, 2024 · Quick-commerce platform Blinkit’s contribution to parent Zomato’s market value has surpassed that of the mainstay food-delivery business, according to a Goldman Sachs report. The report estimates Blinkit’s implied value at Rs 119 per share, compared with Rs 98 a share for Zomato’s food delivery business. This translates to a ...
- Ettech
May 13, 2024 · SUMMARY. 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...
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...
Mar 14, 2024 · Blinkit held a 45% share of the quick commerce market in Q3, followed by Swiggy’s Instamart with 27%, Zepto with 21%, and Bigbasket-owned BB Now with 7%. Summary. A significant market share and...
