WebJun 24, 2024 · 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 … WebJun 29, 2024 · Sumit Arora Published On June 29th, 2024. Zomato (Online food delivery platform) has announced the acquisition of Blink Commerce (Blinkit), earlier known as …
Zomato to buy Blinkit for Rs 4.5k cr in all-stock deal
WebMar 16, 2024 · Online food-delivery platform Zomato has held discussions to acquire Blinkit, formerly Grofers, in a share-swap deal, multiple people briefed on the matter said. This comes on the back of Zomato investing $100 million in the Gurgaon-based quick-commerce startup last year, picking up an about 10% stake. WebDec 13, 2024 · NEW DELHI: Grocery delivery startup, Grofers has rebranded itself as Blinkit, as it joins the race for supremacy in India’s fast-growing quick commerce … mnlum criminal law review blog
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WebJun 24, 2024 · Zomato has extended INR 11,250 million as debt to Blinkit (of which INR 5,750 million is still available as cash with Blinkit). This debt is being acquired by Zomato as part of the transaction. Post the acquisition, the Blinkit team and Chief Executive Officer Albinder Dhindsa will continue to run the company as an independent entity and app. WebJun 29, 2024 · Sumit Arora Published On June 29th, 2024 Zomato (Online food delivery platform) has announced the acquisition of Blink Commerce (Blinkit), earlier known as Grofers India. The company’s Board of Directors approved a proposal to acquire cash-strapped quick commerce company Blinkit for Rs 4,447 crore. Web3 hours ago · Around 2,500 delivery workers of Zomato-owned quick commerce company Blinkit are on strike in Gurugram. More are protesting in Delhi and Noida ... formerly … initiator\u0027s wo