Zomato infuses Rs 300 crore in Blinkit, puts Rs 100 crore in entertainment arm
With this investment, Zomato has injected Rs 2,300 crore ($277 million) into Blinkit since acquiring it in August 2022. BlinkIt was bought by the food delivery giant in an all-stock transaction for Rs 4,477 crore ($568 million).
![Zomato infuses Rs 300 crore in Blinkit, puts Rs 100 crore in entertainment arm](https://cdn.zeebiz.com/sites/default/files/2024/06/11/298846-zomato-pti.png?im=FitAndFill=(1200,900))
Zomato has said that Blinkit turned adjusted EBITDA positive in March, as the online food delivery platform clocked Rs 194 crore in adjusted EBITDA for the January-March quarter of FY24. Image: PTI