27/4/2024, 10:53:02 am

Blinkit more valuable than Zomato’s food delivery business

Zomato’s quick commerce arm Blinkit has surpassed its food delivery business in terms of implied value for the first time, according to Goldman Sachs. At Rs 119 per share or about $13 billion in equity value, Blinkit accounts for a higher proportion of Zomato’s sum-of-the-parts valuation than the food delivery business at Rs 98 per share.