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...
Zomato completes acquisition of quick commerce company Blinkit
WEBAug 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 to acquire Blinkit for ₹4,447 crore in all-stock deal - Mint
WEBJun 25, 2022 · Food delivery platform Zomato has agreed to acquire instant grocery startup Blinkit for ₹ 4,447 crore ($569 million) in an all-stock deal, as it seeks to exploit a fast-growing market for quick...
Blinkit on Zomato Plate: Board OKs Rs 4,447cr Deal - The Economic Times
WEBJun 24, 2022 · Food delivery app Zomato ’s board has approved its acquisition of quick commerce startup Blinkit (formerly Grofers) for 4,447 crore (about $570 million) in an all-stock deal. The transaction value is 40% lower than Blinkit’s last valuation of just over $1 billion. As per discussions held earlier, the deal was pegged at $700-750 million.
What's behind Zomato’s Blinkit acquisition? - Fortune India 500
WEBJun 29, 2022 · Zomato is coughing up as much as ₹4,447 crore to acquire Blinkit (formerly Grofers) in a proposed all-stock deal as it eyes a pie of the quick commerce market, which analysts at Kotak Institutional Equities say has the potential to touch about ₹20,400 crore by FY2025 and ₹60,300 crore by FY2030.
Zomato to acquire Blinkit for Rs 4,447 crore in all-stock deal
WEBJun 24, 2022 · Zomato said it would acquire up to 33,018 equity shares of Blink Commerce Pvt Ltd from its shareholders for a total purchase consideration of Rs 4,447.48 crore at a price of Rs 13.45 lakh per equity share. The decision was taken at a board meeting today.
Zomato buys Blinkit for ₹4,508 crore in all-stock deal
WEBJun 25, 2022 · Zomato is fully acquiring Blinkit through issuance of nearly 62.9 crore shares, equivalent to equity stake of 6.88% on a fully-diluted basis. 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.
Zomato approves Blinkit acquisition for ₹4,447 crore | Mint
WEBJun 24, 2022 · The board of Zomato has approved the acquisition of Blinkit for ₹ 4,447 crore in an all-stock deal, the food delivery company said in a statement on Friday.
Zomato board approves acquiring quick commerce firm Blinkit …
WEBJun 24, 2022 · Food aggregator platform Zomato’s board approved the acquisition of quick-commerce company Blinkit for Rs 4,447 crore (around $567 million) in an all-stock deal. Zomato will be acquiring 33,018 equity shares of Blink Commerce Pvt Ltd (BCPL).
Zomato to acquire grocery delivery platform Blinkit for over
WEBZomato, the popular online food delivery platform is going to acquire online grocery delivery firm Blinkit, news agency Bloomberg reported on Friday.
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