Central to the new Zomato growth menu is Blinkit (formerly Grofers), the quick commerce company Goyal bought for a substantial Rs 4,447 crore in June 2022. That was a big bet at a time when the Zomato stock was floundering, and the investors had to be convinced the deal was worth going for despite the steep asking price. But Goyal went with his instinct and picked up Blinkit, which today is one of the key reasons why it is racing towards what could be its first full year of profits. - Issue Date: Mar 03, 2024