Blinkit articles

  • Swiggy’s confidential IPO filing; Blinkit’s rising valuation

    Swiggy has confidentially filed its draft IPO papers with the capital markets regulator. Details on this and more in today’s ETtech Top 5.Also in this letter:■ Lenskart’s revenue jumps in FY23■ HCLTech, Mphasis Q4 results■ Capria closes India Opportunity FundSwiggy confidentially files draft papers for $1.25 billion IPO 109628842Sriharsha Majety, MD & group CEO, SwiggyFood and grocery delivery company Swiggy has taken the confidential route to file draft papers for an initial...

  • Blinkit contributes more to Zomato’s market cap than its food delivery biz: Goldman Sachs

    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...