Zomato’s losing steam and the Blinkit drag | Stock Market News
6 hours ago · Zomato's remarkable growth trajectory is now at a crossroads as it battles profitability issues and fierce competition. With Blinkit becoming a significant part of its …
Zomato stock plunges 5% after Jefferies downgrade to 'hold' as …
1 day ago · As a result, Jefferies has sharply reduced Blinkit's EBITDA forecast for FY26-27 and halved its target multiple for Blinkit to 6x. For Zomato overall, the brokerage cut its EBITDA …
Zomato shares fall 5% following Jefferies downgrade, target price ...
1 day ago · Zomato share price: Shares of Zomato fell by 4.8% following Jefferies' downgrade of the stock from 'buy' to 'hold' and a 18% cut in the target price. Concerns over intensifying …
Blinkit Takes Off: How Zomato’s Quick Commerce Bet Delivered …
May 13, 2024 · After a watershed FY24, Zomato's quick commerce platform seems to have turned around its story and fortunes with a huge spike in revenue. Blinkit reported total revenue of …
Zomato, its first full-year profit in pocket, turns focus on Blinkit
May 13, 2024 · Food-delivery company Zomato Ltd, which has turned in its first full-year profit, is now doubling down on its rapidly growing quick-commerce business Blinkit, aiming to add 100 …
Zomato’s quick commerce unit Blinkit eclipses core food …
Apr 25, 2024 · 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 …
Goldman Sachs says Blinkit now more valuable than Zomato's …
Apr 26, 2024 · Goldman Sachs has valued Blinkit at Rs 119 per share, which is higher than Zomato's core food delivery business valued at Rs 98 per share. Zomato had purchased …
Blinkit to become bigger than Zomato in one year? What …
Blinkit’s growth has outpaced Zomato’s core food delivery business in the third quarter (Q3) of financial year 2023-24 (FY24). What Deepinder Goyal said on this.
Zomato completes acquisition of quick commerce company Blinkit
Aug 11, 2022 · Zomato has completed the acquisition of quick commerce company Blinkit (formerly Grofers) and its warehousing and ancillary services business, the food delivery major …
Zomato acquires Blinkit for $568 million in instant ... - TechCrunch
Jun 24, 2022 · Zomato is acquiring Blinkit, a struggling 10-min grocery delivery startup, in a $568.1 million all-stock deal as the loss-making food delivery firm looks to broaden its offerings.
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