Zomato, its first full-year profit in pocket, turns focus on Blinkit
WEBMay 13, 2024 · The delivery platform swung to a profit both for the March quarter and the 2023-24 financial year Zomato is looking to add nearly 100 Blinkit stores by June.
Goldman Sachs says Blinkit now more valuable than Zomato's …
WEBApr 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 …
Zomato Q4FY24 results: Blinkit nearly triples its revenue; plans to ...
WEBMay 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 ...
Zomato acquires Blinkit for $568 million in instant ... - TechCrunch
WEBJun 24, 2022 · Zomato has acquired Blinkit, a struggling 10-minute grocery delivery startup, in a $568.1 million all-stock deal as the loss-making food delivery firm looks to broaden its offerings at a time...
Explained: Why is Blinkit shutting down some dark stores?
WEBMar 14, 2022 · 3 min read. Quick commerce delivery firm Blinkit is learnt to have shuttered 50 of its dark stores across the country, resulting in hundreds from its workforce, including dark store managers, pickers and delivery workers losing their jobs.
Zomato’s quick commerce unit Blinkit eclipses core food business …
WEBApr 25, 2024 · Goldman Sachs said in a report late Thursday that Indian food delivery giant Zomato's quick commerce arm Blinkit is now more valuable than its core food.
Blinkit to become bigger than Zomato in one year? What …
WEBBlinkit’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...
Blinkit Takes Off: How Zomato’s Quick Commerce Bet Delivered …
WEBMay 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...
Blinkit now more valuable than Zomato's food delivery business: …
WEBAnalysts at Goldman Sachs said that the implied value of Blinkit, the quick commerce startup that Zomato acquired in 2022, is now larger than that of Zomato’s food delivery business.
Anatomy of a strike: In workers’ protest against Zomato-owned Blinkit …
WEBApr 15, 2023 · “Blinkit betrayed us, but WhatsApp really helped,” quipped a 26-year-old man, working at the Zomato-owned quick commerce firm Blinkit. He is among the thousands protesting against a new payout policy which these workers say would halve their monthly income and make their jobs unsustainable.
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