Zomato pumps Rs 500cr into arm Blinkit
Zomato has invested an additional Rs 500 crore into Blinkit, its quick commerce business, bringing total funding to Rs 2,800 crore since the 2022 acquisition. This move follows Zomato's recent Rs 8,500 crore fundraising, aimed at bolstering its financial position amidst stiff competition in India's quick commerce sector.
Zomato has invested an additional Rs 500 crore into Blinkit, its quick commerce business, bringing total funding to Rs 2,800 crore since the 2022 acquisition. This move follows Zomato's recent Rs 8,500 crore fundraising, aimed at bolstering its financial position amidst stiff competition in India's quick commerce sector. What's Your Reaction?
