India's Zomato buys PE-backed Blinkit for $567m
India-based online food services platform Zomato has agreed to acquire Blinkit – a private equity-backed quick commerce start-up formerly known as Grofers – for INR 44.5bn (USD 567m).
The all-stock deal will see Blinkit shareholders receive 628.5m shares in Zomato at INR 70.76 apiece, according to a filing. Separately, Zomato is also buying Blinkit’s warehousing and ancillary services...
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