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Published 16 days ago

Zomato's quick commerce unit Blinkit eclipses core food business in value, says Goldman Sachs

Summary by TechCrunch
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.

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Blinkit now more valuable than Zomato food delivery business: Goldman Sachs

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.

16 days ago·India
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TechCrunchTechCrunch

Zomato's quick commerce unit Blinkit eclipses core food business in value, says Goldman Sachs

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.

16 days ago·United States
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