#Zomato has acquired the quick commerce underdog, Blinkit for ₹4447 Cr 💰
Will this finally be a step on the climbing ladder for the Zomato share? 🤔
A thread 🧵
Will this finally be a step on the climbing ladder for the Zomato share? 🤔
A thread 🧵
The food giant decided to enter the rocketing quick commerce industry, where delivery of items is done under 30 mins ⏱️
They entered with a bang, acquiring Blinkit in an all-stock deal for ₹4447 Cr 🤑
They entered with a bang, acquiring Blinkit in an all-stock deal for ₹4447 Cr 🤑
Pros and Cons?
Blinkit reported 79 lakh orders for May, increased order density may lead to lower cost per delivery! 🛵
Zomato's path to profitability may get extended by at least a year, said analysts, who believe the deal will be a near-term pain and long-term gain 🫤
Blinkit reported 79 lakh orders for May, increased order density may lead to lower cost per delivery! 🛵
Zomato's path to profitability may get extended by at least a year, said analysts, who believe the deal will be a near-term pain and long-term gain 🫤
Bonus Tweet
Blinkit was formerly known as Grofers!
Blinkit was formerly known as Grofers!
How do you think the deal will work out for the brand?
Is this deal going to be the savior for all #Zomato investors? 👇
Is this deal going to be the savior for all #Zomato investors? 👇
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