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Goldman Sachs estimates that Zomato's quick commerce arm Blinkit is now more valuable than its core food delivery business, with a valuation of $13 billion. Blinkit's strong growth potential in India's quick commerce market is driven by factors such as a large unorganized grocery sector and high population density in urban areas.
Goldman Sachs values Blinkit at $13 billion. Blinkit's growth is driven by India's quick commerce market. The market is expected to grow at a compound annual growth rate of 53% between 2024 and 2027. Zomato acquired Blinkit for less than $600 million in 2022. India's quick commerce market is poised for growth due to a large unorganized grocery sector and favorable demographics. Blinkit is expected to achieve EBITDA breakeven by June 2024.
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