How Zomato acquire Blinkit (grocery) on-line

How Zomato Acquired Blinkit - I Rewrote Business Words Faster on this subject matter!
Blinkit's wheel of fortune continues and how! From a financial necessity to a near-death experience a few years ago, today's fast food business is not only alive but thriving. In this rescue, delivery giant Zomato, the knight in shining armor, acquired Blinkit for ₹4,447 crore ($570 million) in mid-2022.
Like it rhymes. I think the whole episode: Deepinder saves Albinder. Wishful friends, true friends - Zomato CEO and Blinkit CEO are old friends. Albinder even worked at Zomato before joining Grofers (an early spinoff of Blinkit). Many industry experts doubt that Zomato will make a splash from Blinkit's "get food without blinking" proposition to customers.
We can only say that his words are not meaningful. Since the acquisition, Blinkit's total product volume has grown to become the leader, surpassing its closest rivals Swiggy's Instamart and Zepto; their losses were small; Zomato executives predict that the business will grow beyond the grocery store in 3 to 5 years. Now if you think that the guidance of a close friend will be enough to save the struggling business, you are wrong. Of course that helps. But there is more to this change; from being a negative priority to utilizing the core potential of both buyers and buyers. That's fine, but will the "what got you here won't get you there" syndrome plague Blinkit now?
Yusuf Bhandarkar digs deep to provide you with information in this e-commerce article. double this sword. Blinkit seems to be working well for Zomato, at least so far. But the business world is full of examples of purchasing luxury goods that caused people to lose their jobs. Appendix A here is that of Byju, a classic example of Indian academic background. A few years ago, it was said, half-jokingly, that anything that passed through the corridor would be accepted. Byju has paid the highest price for acquisitions ranging from sharing site Aakash to programming platform Whitehat Jr. Then, as usual, the cycle reverses and most acquisitions end in disaster. Byju's investors are now hungry for the creator's blood and he is doing his best to stop them.
Experience can also bring joy. Spicejet chairman Ajay Singh wants to acquire bankrupt Go First. Note that embattled SpiceJet has gone crazy paying off debts to many people, including failed banker Credit Suisse. The Supreme Court of India took a critical note on this issue last week. To buy or not to buy, that is the question I am sharing. #yusufbhandarkar