4447cr

Food delivery app ’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…

Post the completion of the acquisition, Blinkit and Zomato apps would continue to exist separately Post the completion of the acquisition, Blinkit and Zomato apps would continue to exist separately Online food delivery platform Zomato…