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Blinkit is now valued more than Zomato's food delivery business
short by Arin Verma / on Friday, 10 May, 2024
The unit economics seemed unviable for Blinkit's 10-minute grocery delivery model, yet investors persisted, prioritizing growth over profits. When your product/service creates an irreversible change in your consumers' behaviour profitability follows. Blinkit's acquisition by Zomato for $569M and its $13B valuation in two years exemplify this transformative success.
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