Zomato delivers in Q2: Brokerage firms bet big on Blinkit, say building war-chest to deter competitors, fund further expansion
- Posted on October 23, 2024
- By Financial Express
- 3 Views
Zomato delivers in Q2: Brokerage firms bet big on Blinkit, say building war-chest to deter competitors, fund further expansion
The fundraise despite having a strong balance sheet, per Deepinder Goyal, CEO of Zomato, is needed to enhance cash balance “given the competitive landscape and the much larger scale of our business today”.
