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Man claims Zomato board blocked Blinkit deal & it's shutting down; Zomato CEO replies
short by Kiran Khatri / on Thursday, 24 March, 2022
A Twitter user, who goes by the name Corporate Kumar, claimed that "Zomato board has blocked the Blinkit deal. Blinkit is shutting down". Responding to him, Zomato CEO Deepinder Goyal tweeted, "Not true." Earlier, reports said that Zomato and Blinkit, formerly known as Grofers, signed a term-sheet for a merger. Zomato loaned $150 million to the cash-strapped quick commerce startup.
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