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ZOMATO BLINKIT DEAL
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- Petrol, diesel price hike impact: From milk, onions, Blinkit deliveries to Uber fares & others, here's all that may get costlierPetrol, diesel price hike impact: Centre’s Rs 3 per litre hike in petrol and diesel prices may not feel massive immediately, but its ripple...
- SoftBank logs $600 million paper loss on India-listed portfolio in March quarterSoftBank's Indian investments faced a significant downturn in the January-March quarter. Several prominent companies like Swiggy and Ola El...
- India seeks Mythos access; Eternal's strong Q4Happy Wednesday! India is in talks with Anthropic and the US government to give homegrown companies access to Mythos. This and more in toda...
- 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.
- A quick look at Zomato’s Rs 2,300 crore investment in BlinkitFood delivery company Zomato will infuse Rs 300 cr into its quick commerce unit Blinkit, we reported on June 11. With this, Zomato has infu...
- 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.
- How Blinkit is integrating with Zomato’s Hyperpure after its long-awaited acquisitionBlinkit is expected to shut most of its own backend fulfilment warehouses and merge them with Zomato’s business-to-business restaurant supp...
- 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...
- Zomato tumbles for 4th session, wipes out nearly Rs 12,000 crore m-capThe stock of the food delivery giant has slumped about 25 per cent since Monday after the company acquired the quick commerce delivery firm...
- 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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