As per Report, Zomato signs merger deal with Blinkit

Food delivery platform Zomato Ltd. is nearing an all-stock deal to take over instant grocery delivery service Blinkit, according to people familiar with the matter, reports said.

In August 2021, Zomato had received CCI approval for a $100-million investment for 9.3 percent stake in



Blinkit.

Blinkit, known as Grofers earlier, rebranded itself late last year after its CEO promised accelerating deliveries of everything from groceries to electronics among dominant players like Walmart's Flipkart and Amazon's local unit.

Niether Zomato nor Blinkit have responded to the development yet, reports said.