Zomato seals Blinkit deal with Rs 4,447-crore share swap
The board of directors of online food delivery major Zomato on Friday approved the acquisition of Blinkit (formerly Grofers) for a total purchase consideration of Rs 4,447.48 crore in a share-swap deal. The deal value of Rs 4,447.48 crore (around $570 million) is 43% lower than Blinkit’s last valuation of over $1 billion and also lower than $700-750 million, the valuation when the initial level of talks for the merger had started. “This acquisition is in line with our strategy of investing in the quick commerce business,” Zomato said in a regulatory filing. “This acquisition is in line with our strategy of investing in the quick commerce business,” Zomato said in a regulatory filing. https://freewebads.biz/0/posts/3-Services/131-Electrical/1883714-Digital-Marketing-Course-In-Preet-Vihar.html https://www.adslov.com/0/posts/3-Services/131-Electrical/1869747-Digital-Marketing-Course-In-Preet-Vihar.html https://letspostfree.com/0/posts/3-Services/131-Electrical/1068312-Digital-Marketing-Co