The deal comes after it bought a more than 9% stake in SoftBank Group 9984.T-backed Blinkit for nearly 5.18 billion rupees in August, with a promise to invest as much as $400 million in the Indian quick-commerce market over the next two years.
Zomato’s founder and CEO Deepinder Goyal along with CFO Akshant Goyal explained in detail the drivers of the acquisition and the synergies that both companies would achieve.