Zomato to invest $400 Mn in Quick Commerce after tasting success with Blinkit
Image Credit: economic times
As Zomato moves closer to profitability after encouraging financial performance in the third quarter in FY2022 (ending December 2021), the food delivery giant has stated that it would invest $400 Mn towards building a significant play in the hot quick commerce category. Last year, it invested $225 Mn in Blinkit (formerly Grofers), Shiprocket and Magicpin towards building out its quick commerce play in India.