Why Zomato's Rs 4,447 crore Blinkit deal sent its shares tumbling - Economic Times

This, analysts said, was impressive, considering Zomato operates in 1,000 cities versus 15 for Blinkit. Also, Blinkits average order value stands at Rs 509, which is 28 per cent higher than Zomato. That said, the company is losing Rs 84 per order.

NEW DELHI: 's Rs 4,447 crore all-stock deal to buy Blinkit, a quick-commerce marketplace delivering grocery and other essentials, failed to give the stock a lift. Increased order density may lead to… [+3663 chars]

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