Zomato to invest Rs 300 cr in Blinkit, total rises to Rs 2,300 cr
Food delivery platform Zomato will invest Rs 300 crore in its quick commerce business Blinkit, according to regulatory filings sourced from Tofler.
Zomato’s total investment in Blinkit, which it acquired in 2022 for $569 million in an all-stock deal, will rise to Rs 2,300 crore. It will separately invest Rs 100 crore in Zomato Entertainment, which is in the live events and ticketing business.
