Zomato is set to infuse Rs 300 crore into its quick commerce business, Blinkit, following a resolution passed by the company's board. This investment will bring Zomato's total investment in Blinkit to Rs 2,300 crore. The quick commerce space in India is becoming increasingly competitive, with Swiggy planning a $1.25 billion IPO and Zepto looking to raise $300 million. Zomato acquired Blinkit in August 2022 and has since focused on growing its quick commerce division. The company aims to meet the expectations of Indian customers and sustain its business by implementing key strategies.
Blinkit to receive Rs 300 crore in fresh capital from parent company @zomato, bringing total investment to Rs 2,300 crore. What’s driving this latest funding boost? Find out 👇 https://t.co/ojXCsDW2uo #Blinkit #Zomato #Investment | @letsblinkit
Blinkit is to receive Rs 300 crore in fresh capital from parent company @zomato, bringing total investment to Rs 2,300 crore. What’s driving this latest funding boost? Find out 👇 https://t.co/ojXCsDW2uo #Blinkit #Zomato #Investment | @letsblinkit
Blinkit, the quick commerce company, will receive Rs 300 crore in fresh capital from parent company Zomato. Read to know more👇 https://t.co/ojXCsDWAjW #Blinkit #Zomato #Funding #ECommerce
#Zomato acquired #Blinkit in August 2022 and has focussed more and more as the quick commerce division grows in #India. Read more: https://t.co/2fFiGO9H3g
Blinkit to receive Rs 300 crore from parent company Zomato https://t.co/jC8Q3na450
#Zomato to infuse Rs 300 #crore in quick commerce unit #Blinkit https://t.co/nedTRCOrEI
🟥🟨 Fresh on @ETtech: Zomato will infuse Rs 300 crore in its quick commerce business Blinkit, per a resolution passed by the company's board. 🛍️The quick commerce space is seeing rising competitive intensity 🛍️Swiggy gunning for a $1.25b IPO, Zepto is looking to raise $300m https://t.co/U5h2XNQ8Qi
Competition intensifies as this global giant enters #Blinkit, #Zepto turf. Will it be able to meet the expectations of Indian customers? @priyankasahay lists out 5 things it must do to sustain Indian quick commerce. https://t.co/7FcbgguZE7