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Food delivery firm Zomato and instant delivery service Blinkit have reached an agreement for a merger, a source familiar with the matter told TechCrunch. 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 […]
After raising $120 million from Zomato, Grofers has become India’s latest unicorn startup. The deal has been officially finalized, and Grofers is now worth more than a billion dollars, making Gurugram-based online grocery delivery startup 16th unicorn of India in 2021. The deal is expected to be approved by the CCI soon. Following its IPO, which is expected in a few months, Zomato may consider acquiring Grofers. Image Source: The Economic Times Zomato’s investment in Grofers will benefit the food giant in re-entering the online grocery market. Soon after the COVID-19 pandemic hit India in...