M&A Deal Summary

Zomato Acquires Blinkit

On June 24, 2022, Zomato acquired internet software and services company Blinkit for 568M USD

Acquisition Highlights
  • This is Zomato’s 13th transaction in the Internet Software and Services sector.
  • This is Zomato’s largest (disclosed) transaction.
  • This is Zomato’s 5th transaction in India.

M&A Deal Summary
Date 2022-06-24
Target Blinkit
Sector Internet Software and Services
Buyer(s) Zomato
Deal Type Add-on Acquisition
Deal Value 568M USD

Target

Blinkit

Gurgaon, India
website
Blinkit is a local e-commerce mobile platform that is transforming the shopping experience of consumers by connecting them to local stores. Blinkit was founded in 2013 and is based in Gurgaon, India.

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Buyer(S) 1

Buyer

Zomato

Gurgaon, India

website

Category Company
Founded 2008
Sector Internet Software and Services
Revenue 21M INR (2021)
DESCRIPTION

Zomato is a restaurant and dining web portal. Zomato was founded in 2008 and is based in Gurgaon, India.

DEAL STATS #
Overall 13 of 13
Sector (Internet Software and Services) 13 of 13
Type (Add-on Acquisition) 11 of 11
Country (India) 5 of 5
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-20 Uber Eats India

Mumbai, India

Uber Eats India is a food delivery company that works with restaurants and food service providers to provide better food for more people throughout India.

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