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Quick Commerce News

25 Jun 2022

Zomato to acquire grocery delivery platform Blinkit for Rs 4447 crore

Zomato would offer up to 629 million shares, representing a 6.88 percent ownership stake on a fully diluted basis. Zomato shares finished at Rs 70.35 on the BSE, up 1.15 percent. The Blinkit acquisition highlights the hyper-competitive and cash-hungry character of the fast commerce industry.

grocery delivery

21 Apr 2022

5 apps offering 10-minute grocery deliveries: Zepto, BigBasket, Blinkit, more

Take a look at the apps offering 10-minute grocery delivery inside.

16 Mar 2022

Zomato to loan $150 million to Grofers India, pick up stake in Mukunda Foods

Zomato had last year invested USD 100 million (Rs 745 crore) for acquiring around 9 per cent stake in Grofers. Zomato further said it will acquire 16.66 per cent of share capital of Mukunda Foods. The proposed investment is subject to fulfilment of certain customary conditions precedent.

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