Goldman Sachs said in a report late Thursday that Indian food delivery giant Zomato’s quick commerce arm Blinkit is now more valuable than its core food delivery business, as per the bank’s sum-of-the-parts analysis. The investment bank estimates Blinkit’s implied value at 119 Indian rupees per share ($1.43) or about $13 billion, while Zomato’s food […]
© 2024 TechCrunch. All rights reserved. For personal use only.
Source : Zomato’s quick commerce unit Blinkit eclipses core food business in value, says Goldman Sachs