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Zomato: Does Blinkit acquisition add value? 

Post the Blinkit acquisition, Zomato's losses will increase, delaying the visibility of profits. Therefore, conservative investors should exercise caution.

June 27, 2022 / 10:53 AM IST
Zomato: Does Blinkit acquisition add value? 


PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

 Highlights Blinkit valued at $570 million Blinkit May 2022 orders at 7.9 million Zomato losses to surge, post two acquisitions Zomato’s (CMP: Rs 70.50; M Cap: Rs 55,509 crore) board has approved the much-anticipated acquisition of Blinkit, the quick commerce business, for a consideration of Rs 4,447 crore in an all-share deal. It has also okayed the Rs 60.7-crore cash acquisition of HOTPL (Hands on Trades Pvt Ltd) Identified Business (the warehousing and ancillary arm of Blinkit). Blinkit acquisition   Blinkit (previously known as Grofers) changed from...

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