Sep 1, 2024 · For Blinkit, the acquisition provided access to Zomato’s resources, technology, and expertise, enabling it to scale its operations more effectively and compete with other players in the market. Synergies and Integration. One of the key benefits of the Zomato-Blinkit acquisition is the synergies between the two companies’ operations.

Oct 14, 2022 · Shareholders of Blinkit will receive one Zomato share for every ten Blinkit shares. Zomato made a $100 million investment in Blinkit earlier in March 2022 in exchange for a stake of over 10%. Steps to acquire a company in India. The entire merger and acquisition procedure in India is outlined in the Companies Act of 2013. The study of the firms ...

Jun 25, 2022 · 2. Blinkit’s largest shareholder SoftBank will receive 28.71 crore shares of Zomato, Tiger Global will take home 12.34 crore shares, BCCL will get 1.5 crore shares, and South Korean investors ...

Aug 11, 2022 · According to the deal terms, Blinkit’s largest shareholder SoftBank will receive 28.71 crore shares of Zomato, Tiger Global will take home 12.34 crore shares, and BCCL will get 1.5 crore shares ...

Jun 24, 2022 · Zomato has acquired Blinkit, a struggling 10-minute grocery delivery startup, in a $568.1 million all-stock deal as the loss-making food delivery firm looks to broaden its offerings at a time when ...

Oct 16, 2024 · The All-Stock Transaction The acquisition of Blinkit by Zomato was an all-stock deal, where the shareholders of Blinkit were granted shares of Zomato in lieu of their shares. According to Indian law, the transaction was cleared by NCLT and more than 75% of the shareholders of Blinkit agreed to the mergers. The shareholders in an agreement of ...

Jun 29, 2022 · Zomato Blinkit Merger. The merging of Zomato and Blinkit illustrates the increasing competitiveness among companies that deliver goods in 10 minutes or less. Blinkit has faced stiff competition from start-ups such as Zepto and Dunzo, and the focus on 10-minute deliveries has sharpened, despite reports on the current unprofitability of the ...

Oct 29, 2022 · The all-stock arrangement between Blinkit and Zomato. On June 24, 2022, Zomato made the acquisition of Blinkit, which was for Rs 4,447 crore in equity.According to Zomato’s letter to the BSE, the board has approved the purchase of up to 33,018 equity shares of Blink Commerce Pvt Ltd from its shareholders for a total purchase price of Rs 4,447 ...

Jun 24, 2022 · Transaction value 40% lower than Blinkit’s last valuation of just over $1 b; Blinkit shareholders to get about 7% in Zomato ETtech Illutration: Rahul Awasthi Food delivery app Zomato ’s board has approved its acquisition of quick commerce startup Blinkit (formerly Grofers ) for 4,447 crore (about $570 million) in an all-stock deal.

Jun 24, 2022 · Food aggregator platform Zomato’s board approved the acquisition of quick-commerce company Blinkit for Rs 4,447 crore (around $567 million) in an all-stock deal. Zomato will be acquiring 33,018 equity shares of Blink Commerce Pvt Ltd (BCPL).