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Zomato & Blinkit Pull Off The Craziest Turnaround Ever
short by Arin Verma / on Sunday, 7 April, 2024
Goyal sees Blinkit surpassing Zomato. Zomato's Blinkit acquisition for $569M in 2022 caused a valuation dip. Despite doubts, Zomato's value surged to $20B by April 2024. Blinkit reached $8B with reduced cash burn. Nomura forecasts Blinkit's dominance over Zomato's food delivery by FY28, marking a remarkable turnaround.
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