Discover and read the best of Twitter Threads about #Blinkit
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#Blinkit & #Zomato – Long thread:
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Blurred to Opaque to Muddy
How to leverage a listed company to recover losses from failed ventures/adventures?
Danny DeVito famously said in namesake movie – There is only one thing I love more than my money -
"other people’s money"
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Blurred to Opaque to Muddy
How to leverage a listed company to recover losses from failed ventures/adventures?
Danny DeVito famously said in namesake movie – There is only one thing I love more than my money -
"other people’s money"
2/n
Zomato announced that it plans to acquire Blinkit for a “consideration” of $ 578 Mn. We will revisit valuation later. Below is the snapshot of financials.
Who pays $578 Mn on unaudited financials of just 2 mths ? Not even even 1 quarter nos are provided.
@SEBI listening?
Zomato announced that it plans to acquire Blinkit for a “consideration” of $ 578 Mn. We will revisit valuation later. Below is the snapshot of financials.
Who pays $578 Mn on unaudited financials of just 2 mths ? Not even even 1 quarter nos are provided.
@SEBI listening?
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Is the company really growing topline at 162% as claimed ? This invites some curiosity. Where are the past YoY nos ?
I tried to dig out what I could with public reported info. Here is what the past looks like for #Blinkit .Revenues touched Rs 177 Cr in FY 2020 before covid
Is the company really growing topline at 162% as claimed ? This invites some curiosity. Where are the past YoY nos ?
I tried to dig out what I could with public reported info. Here is what the past looks like for #Blinkit .Revenues touched Rs 177 Cr in FY 2020 before covid
