top of page

Zomato - Blinkit, Merge

Updated: Aug 28, 2022

By Yeshaswine Tamarakolanu

Zomato, the food delivery unicorn, said on March 1st that it has invested the rupee equivalent of $150 million in Blinkit (formerly GIPL)., a 10-minute grocery delivery start-up, as a form of debt. Zomato will be disbursed in one or more tranches of 12 percent annual interest rate with a maximum term of one year in consideration for the loan given to Blinkit.

Blinkit's worth might rise to $700-750 million as a result of the Zomato acquisition, which will aid the company in recouping its capital, vendor payments, shuts down warehouses, and lay off workforce.

According to sources, SoftBank, a Blinkit investor, will receive a 4 percent to 4.5 percent share in Zomato and a 40% ownership in Blinkit as a result of the merger.


Recent Posts

See All

Navigating the Sea of College Life

Alarm rings Snooze Alarm rings again Snooze Ah, the dreaded alarm clock. The bane of every college student's existence. I know the feeling all too well - hitting snooze a few too many times, only to p


bottom of page