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Blinkit. Blinkit Commerce Private Limited, d/b/a Blinkit and formerly Grofers, is an Indian quick-commerce service. [ 5][ 6][ 7] It was founded in December 2013 and is based out of Gurgaon. [ 8][ 9] Customers of the company use a mobile application to order groceries and essentials online. Blinkit's employees then secure the items from their ...
Zomato’s Blinkit leads the quick commerce market in India, having cornered as much as 46% of the market share by GMV in the quarter that ended in December, according to a separate analysis ...
The report suggests that Blinkit is expected to achieve EBITDA breakeven by the June quarter of 2024 and generate a higher EBITDA margin than Zomato’s food delivery business by the fiscal year 2030.
Zomato is acquiring Blinkit, a struggling 10-min grocery delivery startup, in a $568.1 million all-stock deal as the loss-making food delivery firm looks to broaden its offerings.
Blinkist App. Total assets. US$35 million (2018) [ 1] Website. www .blinkist .com. Blinkist is a book-summarizing subscription service based in Berlin, Germany. It was founded in 2012 by Holger Seim, Niklas Jansen, Sebastian Klein, and Tobias Balling and has 23 million downloads as of 2023. [ 2]
Zomato ( / zoʊmæˈtoʊ / or / zoʊmɑːˈtoʊ /) [ 5] is an Indian multinational restaurant aggregator and food delivery company. It was founded by Deepinder Goyal and Pankaj Chaddah in 2008. [ 6] Zomato provides information, menus and user-reviews of restaurants as well as food delivery options from partner restaurants in more than 1,000 ...
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The all-stock deal values Blinkit between $700 million and $750 million, the source said, requesting anonymity as the matter is private. The merger — or technically, an acquisition — comes at ...
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