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Goldman Sachs says Blinkit now more valuable than Zomato's core ...
WEBApr 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 …
Zomato’s quick commerce unit Blinkit eclipses core …
WEBApr 25, 2024 · The investment bank estimates Blinkit's implied value at $13 billion, surpassing Zomato's core food business. It forecasts Blinkit's growth potential in India's fast-growing quick commerce market, which is …
Zomato Q4FY24 results: Blinkit nearly triples its …
WEBMay 13, 2024 · Blinkit, formerly Grofers, nearly tripled its revenue in FY24 and turned EBITDA positive in March 2024. It aims to reach 1,000 stores by FY25 and focus on top cities like Delhi NCR, Bengaluru and Mumbai.
Zomato acquires Blinkit for $568 million in instant
WEBJun 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...
Zomato, its first full-year profit in pocket, turns focus …
WEBMay 13, 2024 · The delivery platform swung to a profit both for the March quarter and the 2023-24 financial year Zomato is looking to add nearly 100 Blinkit stores by June.
Zomato completes acquisition of quick commerce …
WEBAug 11, 2022 · Zomato has completed the acquisition of quick commerce company Blinkit (formerly Grofers) and its warehousing and ancillary services business, the food delivery major said in a filing on August...
Blinkit to become bigger than Zomato in one year?
WEBBlinkit’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 ...
Anatomy of a strike: In workers’ protest against …
WEBApr 15, 2023 · “Blinkit betrayed us, but WhatsApp really helped,” quipped a 26-year-old man, working at the Zomato-owned quick commerce firm Blinkit. He is among the thousands protesting against a new payout …
Zomato and Blinkit reach agreement for merger
WEBMar 15, 2022 · Food delivery firm Zomato and instant delivery service Blinkit have reached an agreement for a merger, a source familiar with the matter told TechCrunch. The all-stock deal values Blinkit...
Blinkit on Zomato Plate: Board OKs Rs 4,447cr Deal
WEBJun 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 …
