- Zomato and instant delivery service Blinkit, formerly Grofers, have signed a term sheet as a precursor to the merger, as per ET Now.
- Existing Blinkit investors such as SoftBank and Tiger Global are likely to get liquid, listed shares of Zomato as part of the merger deal.
- Zomato already owns a 10% stake in Blinkit.
[Via]
Source :- https://nextbigwhat.com Author :- NextBigWhat Date :-March 15, 2022 at 04:00PM
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