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ZOMATO BLINKIT MERGER
Eternal delivers mixed Q1; Reliance's qcomm gameplanBlinkit's boost in June quarter revenue could not prevent the profit nosedive of Zomato's parent company. This and more in today's ETtech T...- Zepto’s IPO top-up; Trump’s birthright bombshellHappy Wednesday! Zepto is set to bulk up its public offering. This and more in today’s ETtech Morning Dispatch.
- NCLT nod for Zepto parent’s merger with Singapore unitZepto’s domicile flip to India will formally complete within the next 30 days, a person aware of the matter said, adding that this was one ...
- Zepto aims for March-April IPO filing after India shiftZepto plans to file for an IPO around March-April 2024 after securing approval to move its holding entity to India from Singapore. The Nati...
- Zepto plans IPO filing by March-April; Singapore nod in for moving domicileZepto is preparing to file for an IPO by March-April 2025 and has received approval to move its holding entity from Singapore to India. The...
- US investor Invesco raises fair value of Swiggy, reduces valuation of Pine LabsThis comes days after Swiggy filed an updated red herring prospectus for its upcoming public issue of Rs 10,000 crore. The food delivery co...
- Tiger Global conducts due diligence of Zepto warehouses amid quick commerce frenzyTiger Global is showing strong interest in Zepto, a quick commerce startup valued at $5 bn. The firm is conducting due diligence at Zepto's...
- Zomato shares skyrocket 19% to double money in 2024, target prices go up to Rs 350Zomato Share Price Updates: Shares of food delivery giant Zomato surged 10% to a day’s high of Rs 257.95 after reporting a multifold increa...
- Hot Stocks: Brokerage view on Zomato, AB Capital, Asian Paints and Westlife FoodBrokerage firm JPMorgan maintained an overweight rating on Westlife Foodworld, Macquarie recommended an outperform rating on Asian Paints, ...
- Ant Group arm to offload 3.4% stake in Zomato for Rs 3,290 croreAccording to a term sheet released by the deal broker, BofA Securities, Alipay Singapore Holdings, an entity of the Ant Group, has proposed...
- Risk-reward not compelling enough for Zomato: ICICI SecuritiesAmid uncertainties about the Blinkit merger and its likely impact on the food aggregators’ profitability, the brokerage has given such a ra...
- Prosus reports strong growth in India; ASCI flags over 400 crypto ads in five monthsLast year, Prosus NV invested more than $1.03 billion in various Indian startups, including Swiggy, Byju’s, Eruditus and Meesho. Now, the D...
- 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
- RBI rule will set back fintech firms, says report; Zomato board may clear Blinkit deal on FridayFintech firms are claiming that the RBI wants to give banks full control over fintech innovation.
- 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...
- Why quick deliveries are getting slower; MeitY proposes changes to IT rulesQuick delivery firms were all the rage in 2021, when liquidity abounded and tech valuations hit record highs. In 2022, though, these compan...
- 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.
- 2 lakh customers in 30 cities using us everyday for fresh meats, veggies: Blinkit CEOBlinkit Co-founder & CEO keeps silent on merger with Zomoto, says the company is just just executing its game plan and building up the busi...
- 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...
- Zomato, Blinkit likely to merge (at last); Amazon-Future talks failThe acquisition will give Zomato firepower in its fight with Swiggy’s Instamart, and will make SoftBank, one of Swiggy’s biggest backers, a...
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