BEAMSTART Logo

Zomato doubles down on investment in Blinkit with a Rs 1,500 Cr bet

YourStory LogoYourStory12h ago

Zomato doubles down on investment in Blinkit with a Rs 1,500 Cr bet - YourStory

Quick Summary:

Like Zomato, Swiggy is also set to invest Rs 1000 crore for quick commerce expansion on top of earlier investment of Rs 1600 crore.

In an exchange filing, it said it acquired shares in the unit at Rs 7,640 apiece and expects to close the deal across one or multiple tranches.

Amazon's entry comes on the heels of rapid expansion by Flipkart Minutes.

More Pictures

Zomato doubles down on investment in Blinkit with a Rs 1,500 Cr bet - YourStory (Picture 1)Zomato doubles down on investment in Blinkit with a Rs 1,500 Cr bet - YourStory (Picture 2)

or

Article Details

Author / Journalist: Akshita Toshniwal

Category: StartupsEconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-25 @ 08:52:36 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 284 words

Reading Time: 2 minutes read

Sentences: 21 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 26428373

View Article Analysis

About YourStory

YourStory Logo

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 26 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #44

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Zomato doubles down on investment in Blinkit with a Rs 1,500 Cr bet" has 284 words across 21 sentences, which will take approximately 2 - 3 minutes for the average person to read.

Which news outlet covered this story?

The story "Zomato doubles down on investment in Blinkit with a Rs 1,500 Cr bet" was covered 12 hours ago by YourStory, a news publisher based in India.

How trustworthy is 'YourStory' news outlet?

YourStory is a fully independent (privately-owned) news outlet established in 2008 that covers mostly startups, economy, and business news.

The outlet is headquartered in India and publishes an average of 26 news stories per day.

It's most recent story was published 8 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #26428373
  • URL: https://beamstart.com/news/zomato-doubles-down-on-investment-17404740524764

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

Our Company

© Copyright 2025 BEAMSTART. All Rights Reserved.