BENGALURU -- Food delivery company Zomato will buy SoftBank-backed Blinkit, a startup that promises rapid grocery deliveries, for 44.47 billion rupees ($569 million), in a deal announced Friday.
Business deals
India's Zomato to buy SoftBank-backed delivery startup for $570m
Purchase of Blinkit comes as mainstay food delivery revenues flatten
Indian food delivery company Zomato is buying a local instant grocery startup as competition heats up. © Reuters
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