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ZOMATO BLINKIT DEAL
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- Eternal Q4 pops; Snabbit's new war chestZomato and Blinkit parent Eternal reported strong numbers for the March quarter. This and more in today's ETtech Top 5.
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- Zomato to infuse Rs 300 crore in quick commerce unit Blinkit as battle intensifies with Swiggy, ZeptoFood delivery company Zomato will infuse Rs 300 crore into its quick commerce unit Blinkit, as per filings made with the RoC. With this, Zo...
- Zomato Hyperpure acquires Blinkit’s warehousing, ancillary services businessZomato acquired Blinkit's ancillary service for about $8 million in cash.
- Green signal: Zomato investors approve Blinkit dealStock reverses downward trend, closes 5.5% up on Wednesday.
- Rishi Arora elevated as Blinkit cofounderThe elevation of Arora as the cofounder comes on the back of the exit of Blinkit cofounder Saurabh Kumar in June last year. Kumar went on t...
- Why Zomato's Rs 4,447 crore Blinkit deal sent its shares tumblingZomato's proposed acquisition of Blinkit at an EV of $720 million will be 7.3 per cent dilutive for existing holders. But it would widen it...
- Zomato-Blinkit Deal: Fleet integration, customer cross-selling top prioritiesZomato’s board approved its acquisition of quick commerce startup Blinkit (formerly Grofers) for Rs 4,447 crore ($570 million) in an all-st...
- Blinkit acquisition to add significant addressable market for Zomato: CEO Deepinder GoyalBlinkit’s proprietary tech platform, the scale of business, and relationships with third-party brands and sellers are key to Zomato.
- Blinkit on Zomato Plate: Board OKs Rs 4,447cr DealTransaction value 40% lower than Blinkit’s last valuation of just over $1 b; Blinkit shareholders to get about 7% in Zomato
- Zomato board likely to approve Blinkit acquisition on Friday"Pursuant to Regulation 29 of Listing Regulations, as amended, this is to inform you that a meeting of the board of directors of Zomato Lim...
- Zomato likely to sign Blinkit deal on June 17Zomato has previously invested in Blinkit, and extended a loan of up to $150 million for the quick-commerce entity earlier this year.
- Zomato and Blinkit likely to merge in share-swap dealWhile the contours of the deal are being finalised, it is expected that shareholders of Zomato would get 10 Blinkit shares for each held in...
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