Zomato posts Rs 251 crore loss in Q2 as Blinkit acquisition weighs in

This surge can be attributed to Blinkit’s acquisition. Zomato’s revenue from operations grew by 62.20% YoY to Rs 1,661 crore in Q2FY23.

published on : 11th November 2022

Blinkit partners Apple product reseller to deliver iPhone 14 in Delhi, Mumbai

When checked, iPhone booking details were not available on the Blink Commerce Pvt Ltd (formerly known as Grofers) platform yet.

published on : 17th September 2022

Zomato must have acquired Swiggy than Blinkit to avoid bloodbath: Ashneer Grover

In May, Grover had said that buying Zomato shares, even when it had been falling for months, wouldn't be a bad idea.

published on : 26th July 2022

Shareholders give thumbs down to Zomato-Blinkit deal

The shares of foodtech platform Zomato fell 6.40% on Monday following its announcement to acquire quick commerce delivery firm Blinkit Rs 4,447.48 crore in a share swap deal.

published on : 28th June 2022

Zomato to acquire Blinkit for Rs 4,447 crore in all-stock deal  

This acquisition comes at a time when Blinkit scaled down its business in many cities and started focusing more on 10-minute grocery delivery.

published on : 25th June 2022

Zomato board likely to approve start-up Blinkit deal on June 24

According to various reports, the deal is expected to value Blinkit at around $700 million, and SoftBank Vision Fund is the largest investor in Blinkit.

published on : 23rd June 2022

No takers for 10-min food delivery?

VCs as well as restaurant owners flag several challenges in the instant food delivery service

published on : 24th March 2022

After $150 million loan to Blinkit, Zomato now launches 10-minute food delivery offering

And here we are with Zomato Instant,” said Deepinder Goyal, co-founder and CEO of Zomato. Customers are increasingly demanding quicker answers to their needs.

published on : 22nd March 2022

Zomato grants $150 million loan to Blinkit

Earlier, in its third quarter earnings, Zomato said that it will invest $400 million over next two years in the quick commerce segment.

published on : 16th March 2022