Zomato doubles down on instant grocery delivery with $568m Blinkit acquisition

Zomato doubles down on instant grocery delivery with $568m Blinkit acquisition

Photo: Zomato

The board of Zomato on Friday approved the acquisition of quick commerce company Blinkit for Rs4,447 crore ($568 million) in an all-stock deal, giving the food delivery giant the requisite weapon to make a mark in India’s hot quick commerce segment.

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