Is Blinkit Owned by Zomato and What Does It Mean for Customers?

Blinkit is indeed owned by Zomato, a leading food delivery and restaurant discovery platform. This acquisition was made in 2021, marking a significant expansion of Zomato's presence in the quick commerce space.

Zomato acquired Blinkit for a whopping ₹4,447 crores, or approximately $590 million USD. This investment is a testament to Zomato's commitment to innovation and growth in the rapidly evolving food delivery market.

As a result of this acquisition, Blinkit's services are now seamlessly integrated with Zomato's platform, offering customers a wider range of products and services. Customers can now access Blinkit's quick-commerce services directly through the Zomato app.

This integration is expected to enhance the overall user experience for customers, providing them with more convenience and options.

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Blinkit is a Gurugram, India-based company that operates in the online shopping and ecommerce space, specifically in grocery delivery.

Founded in December 2013 by Saurabh Kumar and Albinder Dhindsa, Blinkit has been serving the Indian market.

Here are the key company highlights:

Blinkit has a parent organization, which is Zomato.

Zomato acquired Blinkit in an all-stock deal worth $568 million in June 2022.

Blinkit was founded in December 2013 by Saurabh Kumar and Albinder Dhindsa in Gurugram, India. The company initially focused on online shopping and grocery delivery.

The acquisition made Blinkit a subsidiary of Zomato, with the parent entity of Blinkit, Blink Commerce India Private Limited (BCPL), becoming a wholly owned subsidiary of Zomato.

Blinkit housed around 1,001-5,000 employees before the acquisition.

Zomato's quick commerce unit Blinkit has grown significantly in value, with Goldman Sachs estimating its implied value at 119 Indian rupees per share ($1.43) or about $13 billion.

Here are some key facts about Blinkit:

Blinkit's strong growth potential in India's quick commerce market has driven its valuation surge, with Goldman Sachs forecasting a compound annual growth rate (CAGR) of 53% between 2024 and 2027.

Blinkit's ownership structure is quite straightforward. Zomato holds 100% of the shares.

The majority shareholder is Zomato, which owns a significant stake in Blinkit. In fact, Zomato's ownership percentage is a whopping 100%.

Here's a breakdown of the key shareholders:

It's worth noting that there are no other significant shareholders, with "Other Investors" holding less than 0.1% of the shares.

Zomato is an Indian food delivery giant.

Its core food delivery business is valued at Rs 98 per share.

Zomato acquired Blinkit for less than $600 million in 2022.

The investment bank estimates Blinkit’s implied value at 119 Indian rupees per share ($1.43) or about $13 billion.

Goldman Sachs believes that India's quick commerce market is poised for growth due to several factors, including a large unorganized grocery sector.

Zomato’s quick commerce unit Blinkit eclipses core food business in value, says Goldman Sachs.

Goldman Sachs forecasts Blinkit’s gross order value (GOV) to grow at a compound annual growth rate (CAGR) of 53% between the financial years 2024 and 2027.

For another approach, see: Dfa Emerging Markets Core Equity Fund