
CosmicTaco
Zomato Infuses INR 1,500 Cr In Blinkit Amid Competition
- Zomato has injected INR 1,500 Cr in Blinkit, its quick commerce arm.
- This fund infusion follows a previous INR 500 Cr investment a month ago.
- In total, Zomato has invested INR 4,300 Cr in Blinkit since its acquisition.
- Blinkit’s board approved the issuance of 7,612 equity shares to Zomato Limited.
- Each share is valued at INR 19,70,171, bringing the total allotment value to INR 1,499.7 Cr.
Source: Inc42
8mo ago
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