India's Zomato and Blinkit reach merger agreement: Report

Photo: Zomato

Indian food-delivery firm Zomato Ltd has reached an all-stock merger with Blinkit that values the instant-delivery service between $700 million and $750 million, TechCrunch reported on Tuesday, citing a source familiar with the matter.

Zomato and Blinkit did not immediately respond to Reuters requests for comment.

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