Zomato board approves Blinkit buy for Rs 4,447 crore - Economic Times

The deal value is close to 43% lower than Blinkits last valuation of just over $1 billion.

Zomatos board of directors approved the acquisition of Blinkit (formerly Grofers), a quick commerce startup, in an all-stock deal at a board meeting held today, according to a BSE filing. The deal… [+3067 chars]

full article...