News > Zomato And Blinkit Sign Merger Agreement
Zomato And Blinkit Sign Merger Agreement
15/03/2022 07:31 PM | Click to read full article
Indian food-delivery firm Zomato Ltd has reached an all-stock merger with Blinkit, an online shopping platform, that values the instant-delivery service between $700 million and $750 million.
Formerly known as Grofers, Blinkit rebranded itself late last year as its CEO promised to speed up deliveries of everything from groceries to electronics in a burgeoning market.