Quick-commerce platform Blinkit’s contribution to parent Zomato’s market value has surpassed that of the mainstay food-delivery business, according to a Goldman Sachs report.The report estimates Blinkit’s implied value at Rs 119 per share, compared with Rs 98 a share for Zomato’s food delivery business. This translates to a contribution of $13 billion by Blinkit to Zomato's value, up from $2 billion in March 2023, as per Goldman Sachs. As of Friday, Zomato had a market capitalisation of nearly... Read this story
