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Zomato to acquire quick commerce company Blinkit for Rs 4,447 Crore

Shortpedia

Content Team
Image Credit: news18

The Board of Directors of food delivery company Zomato Limited on Friday approved a proposal to acquire cash-strapped quick commerce company Blinkit for Rs 4,447 crore. It will be an all-stock deal. Last year, Zomato had extended $150 million loan to Grofers India Private Limited, which has now been renamed as Blink Commerce Private Limited.