Blinkit now more valuable that Zomato’s core food business: Report

TL;DR


1. Blinkit, the quick commerce platform owned by Zomato, is now more valuable than Zomato's core food delivery business, according to a report. The report suggests that Blinkit's valuation has surpassed that of Zomato's food delivery segment, highlighting the growing importance of the quick commerce market in India.

2. Blinkit's valuation is estimated to be around $1.5 billion, while Zomato's food delivery business is valued at around $1.2 billion. This shift in valuation reflects the rapid growth and investor interest in the quick commerce space, which has seen increased demand during the COVID-19 pandemic as consumers seek faster and more convenient delivery options.

3. The report also suggests that Zomato's acquisition of Blinkit, which was completed in June 2022, has been a strategic move to strengthen its position in the quick commerce market. The integration of Blinkit's technology and operations is expected to enhance Zomato's overall offerings and competitiveness in the rapidly evolving food and delivery ecosystem in India.

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