Blinkit Overtakes Food Delivery for the First Time

Blinkit Overtakes Food Delivery for the First Time

The Financial Express

Blinkit accounts for a higher proportion of Zomato’s sum-of-the-parts valuation than the food delivery business at Rs 98 per share. Shares of the company closed at Rs 188.1 apiece on the NSE on Friday. The brokerage estimates that quick commerce platforms already make up about half of the $11 billion online grocery industry in FY24 or about $5 billion in gross order value.

#BUSINESS #English #IN
Read more at The Financial Express