Zomato pumps Rs 500cr into arm Blinkit - The Times of India
1 day ago · Zomato has invested an additional Rs 500 crore into Blinkit, its quick commerce business, bringing total funding to Rs 2,800 crore since the 2022 acquisition. This move follows Zomato's recent Rs ...
Zomato infuses Rs 500 crore in quick commerce platform Blinkit
1 day ago · Zomato has invested Rs 2,800 crore in Blinkit since acquiring the company for Rs 4,477 crore in an all-stock deal in August 2022. This latest investment follows Zomato raising Rs 8,500 crore through a QIP in November, a move aimed at bolstering its balance sheet in the face of growing competition.
Blinkit gets Rs 500 crore Zomato ‘boost’ - Times of India
1 day ago · Zomato has invested an additional Rs 500 crore in its quick-commerce subsidiary Blinkit, bringing its total investment to Rs 2,800 crore. Blinkit faces tough competition from Swiggy Instamart ...
Zomato gives Blinkit a boost; Wipro Q3 results - The Economic …
1 day ago · Albinder Dhindsa, CEO, Blinkit and Deepinder Goyal, CEO, Zomato Gurgaon-based Zomato has invested Rs 500 crore in its quick commerce arm Blinkit, according to a regulatory filing with the Registrar of Companies (RoC). Driving the news: The fresh infusion increases Zomato’s total investment in Blinkit to Rs 2,800 crore since its …
Blinkit - Wikipedia
Following this, Zomato granted a US$150 million loan to Blinkit. Zomato had acquired a 10% stake in the company the year prior. [28] [29] Following numerous discussions, on 24 June 2022, Zomato announced that it would acquire Blinkit for US$568 million in an all-stock deal. [15] The acquisition was completed on 10 August 2022. [16] [30]
Zomato acquires Blinkit for $568 million in instant ... - TechCrunch
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...
All about the Zomato and Blinkit deal - iPleaders
Oct 14, 2022 · In August 2021, Blinkit proposed its Unicorn status by raising $120 million from Zomato and Tiger Global. On 24th June 2022, the Board of Directors of Zomato Limited approved the acquisition of Blinkit for the value amount of Rs. 4,447 crores. The transaction was completed towards the end of August 2022.
Zomato completes acquisition of quick commerce company Blinkit
Aug 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...
Zomato buys Blinkit for ₹4,508 crore in all-stock deal
Jun 25, 2022 · Food delivery platform Zomato on Friday received its board approval to acquire e-grocery startup Blinkit (formerly Grofers) for ₹4,447 crore ($569 million) in an all-stock deal. The deal is part of the company’s strategy to exploit online grocery retail, a business segment that has seen robust growth during the Covid-19 pandemic.
Timeline: Zomato’s year-long pursuit of Blinkit - CNBC TV18
Jun 26, 2022 · On June 24, Zomato’s board gave its go-ahead for the Deepinder Goyal-led company to acquire the e-grocery startup Blinkit (formerly Grofers), which was founded by his long-time friend and former ‘Zoman’ Albinder Dhindsa.
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