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Three of top 10 firms lose Rs 73,630 crore in m-cap

Zomato share price tanks 6% after Blinkit acquisition

Shares of the online food delivery platform Zomato Ltd declined by over 6% on Monday after the announcement that it will acquire quick commerce company Blink Commerce Pvt Ltd (Blinkit) for Rs4,447.48 crore.

Zomato Acquires Blinkit s Blink Commerce In Rs 4 447 Cr In All Stock Deal

Zomato Acquires Blinkit s Blink Commerce In Rs 4 447 Cr In All Stock Deal
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India s Zomato to buy Blink Commerce in $568 million deal

India s online food delivery platform Zomato Ltd. said its board has approved a proposal to acquire shares of instant grocery delivery service company.

Zomato FY22 Net Loss Widens To INR 1,223 Cr, Revenue Up To INR 4,192 Cr

On a quarterly basis, Zomato’s loss rose multifold to INR 359.7 Cr during January-March quarter from INR 67.2 Cr in the preceding quarter

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