The cash infusion largely goes to cover Blinkit’s losses as it undertakes aggressive expansion and faces intense competition in the quick commerce sector. With this, Blinkit has now received a total of Rs 4,300 crore from Zomato since it acquired the online grocery delivery firm.
from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/blinkit-gets-rs-1500-crore-cash-boost-from-zomato/118545564
from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/blinkit-gets-rs-1500-crore-cash-boost-from-zomato/118545564