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Blinkit is now more valuable than Zomato's food delivery business
short by Vivek / on Friday, 26 April, 2024
Blinkit, which was acquired by Zomato in a 2022 deal valued at $568 million, is now evaluated at a staggering $13 billion by Goldman Sachs, surpassing Deepinder Goyal-led Zomato's core food delivery business. Initially perceived as a liability that caused a 20% drop in Zomato's shares, Blinkit has become its most valuable division.
read more at Indian Startup News