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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

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8mo ago
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