Zomato invests Rs 300 crore in quick commerce arm Blinkit, expecting growth beyond food delivery.

Zomato has invested Rs 300 crore in its quick commerce arm, Blinkit, as this segment is projected to surpass its core food delivery business. The food delivery platform acquired Blinkit in August 2022 and has since invested Rs 2,300 crore ($277 million) into the unit. Zomato has also approved an additional Rs 100 crore investment in its entertainment arm, Zomato Entertainment, which focuses on curating and selling tickets for events.

June 11, 2024
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