As widely speculated, Zomato finally acquires Blinkit for Rs 4,447 crore in an all stock deal.
Quick commerce is a buzzword now-a-days and Zomato has been at the forefront of it. It has provided significant support to Blinkit (erstwhile Grofers) over the last few months. In November 2021, invested an equity of $100 mn, valuing Blinkit at > $1 bn; and In March 2022, committed debt of $150 mn to support … Read more