Zomato Acquires Blinkit for Rs 4447 Crore

Zomato bought Blinkit for Rs.4,447 crore (approximately $568 million) in an all-stock deal.

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Zomato already controlled more than 9 percent of Blinkit (earlier Grofers)

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Zomato invested $100 million in Blinkit (then Grofers) last August.

Zomato is thinking about incorporating Blinkit into the Zomato app.

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“We will experiment with different ways of integrating the two customer bases or rather making sure that we are able to leverage Zomato’s customer base for the growth of Blinkit business,” said Zomato CFO Akshant Goyal.

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“This foray into the next big category is timely as our existing food business is steadily growing towards profitability,” said Zomato CEO Deepinder Goyal.

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Pink

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