Indian foodtech Zomato acquires delivery brand Blinkit for $568 million

Oluwajuwonlo Afolabi -

Zomato, an India-based online platform connecting customers to restaurants and food brands has acquired Blinkit, an instant delivery brand for $568.1 million.

  • Blinkit, formerly Grofers, ventured into 10-minute delivery last year.
  • The acquisition will help Zomato explore instant grocery delivery in India.
  • Founded in 2010, Zomato is a technology platform for linking restaurants, delivery partners and customers to meet their needs.