Friday, June 24, 2022

Zomato acquires instant delivery service Blinkit, formerly Grofers, for $568.1M; Blinkit raised about $700M in total and was valued at $1B+ in 2021 (Manish Singh/TechCrunch)

Manish Singh / TechCrunch:
Zomato acquires instant delivery service Blinkit, formerly Grofers, for $568.1M; Blinkit raised about $700M in total and was valued at $1B+ in 2021  —  Zomato is acquiring Blinkit, a struggling 10-minute grocery delivery startup, in a $568.1 million deal as the loss-making food delivery firm looks …



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Sources: after five Thinking Machines staff left, investors are rattled, potentially impacting fundraising; two researchers quit via Slack during an all-hands (The Information)

The Information : Sources: after five Thinking Machines staff left, investors are rattled, potentially impacting fundraising; two researc...