Zomato cuts investment in BlinkIt to $320 million - Moneycontrol

Zomato closed at Rs 56 on the BSE on Tuesday, up 20 percent during the day, after the company reported that its net loss narrowed 48 percent to Rs 186 crore in the June quarter.

Zomato is cutting its overall investment guidance in Blinkit to $320 million from $400 million, as the quick-commerce company has reduced its losses which also includes its $150 million investment in… [+1843 chars]

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