Goldman Sachs says Blinkit now more valuable than Zomato's …
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 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 …
Zomato Q4FY24 results: Blinkit nearly triples its revenue; plans to ...
WEBMay 13, 2024 — New Delhi: Zomato-owned Blinkit has almost tripled its revenue in the last financial year, according to the company’s financial results posted on Monday. As per the regulatory filing, Blinkit’s revenue from operations for the financial year that ended March 31, 2024, stood at Rs 2,301 crore against Rs 806 crore in the last fiscal.
Zomato’s quick commerce unit Blinkit eclipses core food business …
WEBApr 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 delivery business, as per the bank’s ...
Zomato acquires Blinkit for $568 million in instant ... - TechCrunch
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 to acquire Blinkit for ₹4,447 crore in all-stock deal
WEBJun 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 …
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 Zomato-owned Blinkit …
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 policy which these workers say would halve their monthly income and make their jobs unsustainable.
Zomato and Blinkit reach agreement for merger | TechCrunch
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 - The Economic Times
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 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.
India's Zomato and Blinkit reach merger agreement - TechCrunch
WEBMar 15, 2022 — Indian food-delivery firm Zomato Ltd has reached an all-stock merger with Blinkit that values the instant-delivery service between $700 million and $750 million, TechCrunch reported on Tuesday,...