Zomato to acquire Blinkit from Tiger Global and SoftBank Vision Fund for $569m.

Zomato, a food delivery platform, agreed to acquire Blinkit, a grocery delivery startup, from Tiger Global, an investment firm, and SoftBank Vision Fund, a venture capital fund, for $569m. “We have seen this industry grow rapidly, both in India and globally, as customers have found great value in quick delivery of groceries and other essentials. This business is also synergistic with our core food business, giving Zomato the right to win in the long term," Deepinder Goyal, Zomato Founder and CEO.