New Delhi: Once the Rs 4,447 crore (about $568 million) acquisition of Blinkit is closed, Zomato will experiment with cross leveraging its customers base for Blinkit and vice versa, its Founder and CEO Deepinder Goyal has stressed. Goyal said that in India, super brands will work better than super apps. “Which means that the Blinkit […]
New Delhi: Food aggregator Zomato announcement of the acquisition of instant delivery service platform Blinkit has not gone down well with the investors as the former’s shares tumbled over 20 per cent since the announcement. The food aggregator company Zomato’s Board of Directors on June 24 approved a proposal to acquire the cash-strapped quick commerce […]
New Delhi: Online food delivery platform Zomato on Friday announced it had acquired quick-commerce platform Blinkit for Rs 4,447 crore (about $568 million) in an all-stock deal. Zomato already owned more than 9 per cent stake in Blinkit (earlier Grofers). While the earlier Blinkit deal value was around $700 million, the drop in Zomato’s share […]
