blinkit deal

Shares of India's Zomato Ltd fell as much as 8.2% on Tuesday, extending losses for a second straight day as investors questioned the rationale of the company's deal to buy local grocery delivery startup Blinkit.The Ant Group-backed food…

Quick delivery firms were all the rage in 2021, when liquidity abounded and tech valuations hit record highs. In 2022, though, these companies have found funding and delivery workers hard to come by, causing them to calibrate their…