Food delivery firm Zomato and instant delivery service Blinkit have reached an agreement for a merger, a source familiar with the matter told TechCrunch. The all-stock deal values Blinkit between $700 million and $750 million, the source said, requesting anonymity as the matter is private. The merg…
Shares of Zomato Ltd fell to an all-time low on Tuesday, hitting Rs 75.75 apiece on the BSE, and taking the stock below its IPO issue price of Rs 76. Why did it fall? What is likely to happen to the stock now?
The two Zomato ads which have drawn criticism have Hrithik Roshan and Katrina Kaif expressing their gratitude to the delivery executives as they work hard to deliver food to the doorstep of the customers in time.