DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Download on the App Store
Screenshot of DeepNewz app showing story detail view.
Jan 17, 09:18 AM
Zomato Infuses Rs 500 Crore in Blinkit, Total Investment Reaches Rs 2,800 Crore After Rs 8,500 Crore QIP
India
Business
World

Zomato Infuses Rs 500 Crore in Blinkit, Total Investment Reaches Rs 2,800 Crore After Rs 8,500 Crore QIP

Authors
  • Moneycontrol
  • ET NOW
  • Chandra R. Srikanth
5

Zomato has invested an additional Rs 500 crore in its quick commerce platform Blinkit, according to recent filings with the Registrar of Companies. This latest infusion raises Zomato's total investment in Blinkit to Rs 2,800 crore since its acquisition of the company in August 2022. The investment follows Zomato's successful Rs 8,500 crore Qualified Institutional Placement (QIP) fundraising, positioning the company to compete in a rapidly growing quick commerce sector alongside other players such as Zepto and Swiggy.

Written with ChatGPT (GPT-4o mini).

Additional media