Zomato to buy Blinkit for Rs 4.5k cr in all-stock deal

Posted on by superadmin | 701 Views | 12 min read
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NEW DELHI: Food delivery giant Zomato’s board on Friday approved the acquisition of instant grocery startup Blinkit, formerly known as Grofers, for Rs 4,447 crore in an all-stock deal. The deal value, however, is nearly 40% lower than Blinkit‘s $1-billion valuation last year, when it turned unicorn by raising $120 million from Zomato and Tiger

After Zomato, Ola pilots 10-min food delivery; Swiggy may explore faster deliveries too

Posted on by superadmin | 989 Views | 9 min read
After Zomato Ola pilots 10-min food delivery Swiggy may explore faster deliveries too

Bengaluru/Mumbai: After restaurant aggregator Zomato said it planned to test 10-minute food delivery last month, rival Swiggy and ride hailing firm Ola are following suit. Ola has begun offering select food items in certain parts of Bengaluru within 10 minutes through its quick commerce grocery delivery arm Ola Dash. Items on the menu include khichdi,

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