Blinkit more valuable than Zomato's core business: Goldman Sachs

The implied value of Blinkit is now more than that of Zomato's core food delivery business, Goldman Sachs said. "Blinkit's implied valuation...is (close to) $13 billion...with per share implied value of ₹119 higher than food delivery, at ₹98, for the first time," a note read. Zomato bought the quick commerce startup for $568 million in 2022.