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 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...
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...
Blinkit delivers surging Q1 profit for India's Zomato | Reuters
WEBBENGALURU, Aug 1 (Reuters) - India's Zomato (ZOMT.NS) reported a bigger-than-expected increase in quarterly profit on Thursday, fueled by soaring demand at its quick commerce division Blinkit and...
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’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, its first full-year profit in pocket, turns focus on Blinkit
WEBMay 13, 2024 · Zomato added about 75 Blinkit stores between January and March, taking its total count of warehouses to 526, as the quick-commerce business strives to get closer to frequent buyers to capitalise...
blinkit: Delivery workers' strike shuts more than 100 Blinkit dark ...
WEBMore than half of the 200 dark stores run by Zomato-owned quick commerce platform Blinkit in Delhi, Gurugram, Faridabad, Ghaziabad, Noida and Greater Noida have been …
Blinkit now more valuable than Zomato's food delivery business: …
WEBZomato acquired Blinkit for $568 million in 2022. Since then Blinkit’s implied valuation has grown to $13 billion on the back of improved performance, Goldman Sachs analysts said.
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...