Quick commerce is making fast inroads in India | TechCrunch
Mar 11, 2024 · Zomato’s Blinkit leads the quick commerce market in India, having cornered as much as 46% of the market share by GMV in the quarter that ended in December, according to a separate analysis.
Goldman Sachs says Blinkit now more valuable than Zomato's …
Apr 26, 2024 · Goldman Sachs recently stated that Blinkit, the quick commerce startup acquired by Zomato in 2022, is now valued higher than Zomato's main business of food delivery. In a recent note, the global brokerage firm valued Blinkit at Rs 119 per share, totaling a $13 billion equity valuation, which is higher than Zomato's core food delivery business ...
Blinkit Takes Off: How Zomato’s Quick Commerce Bet Delivered …
May 13, 2024 · After a watershed FY24, Zomato's quick commerce platform seems to have turned around its story and fortunes with a huge spike in revenue. Blinkit reported total revenue of over INR 2,300 Cr for...
At Blinkit, there is no 'zero notice period' policy anymore. Goal ...
4 days ago · By HT News Desk. Oct 15, 2024 12:18 PM IST. Blinkit increased notice period to two months to retain talent amid competition from firms like Zepto and Swiggy. This move aims to prevent poaching by ...
Zomato Q4FY24 results: Blinkit nearly triples its revenue; plans to ...
May 13, 2024 · New Delhi: Zomato-owned Blinkit has almost tripled its revenue in the last financial year, according to the company’s financial results posted on Monday. As per the regulatory filing, Blinkit ...
Blinkit to become bigger than Zomato in one year? What …
Blinkit’s growth has outpaced Zomato’s core food delivery business in the third quarter (Q3) of financial year 2023-24 (FY24) with gross order value (GOV) growing 103 per cent year-on-year...
Zomato completes acquisition of quick commerce company Blinkit
Aug 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
Jun 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
Jun 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.
Startup Mahakumbh | Blinkit will be bigger than Zomato in a year ...
Mar 18, 2024 · Quick-commerce platform Blinkit will become larger than its parent Zomato ’s food-delivery business in a year, Deepinder Goyal, chief executive of both the companies, said at the three-day Startup Mahakumbh event here on Monday.