Blinkit

Q-commerceIndia
🀝 Acquired
PeakΒ $1 BillionToday
~-43%
from peak
  1. πŸ¦„
    Became a unicorn
    2021
  2. πŸ“ˆ
    Peak valuation
    $1 Billion ’21
  3. πŸ’”
    Became a Unitard
    2022
  4. πŸ’Έ
    Last valuation
    ~$570M
Current status
Zomato $568M (2022)

How it happened

Blinkit (formerly Grofers) was an Indian quick-commerce grocery delivery company that hit unicorn status in 2021. Facing steep cash burn and a funding crunch, it was acquired by Zomato for about $568 million in stock in 2022, well below its peak ~$1B valuation. Glassdoor reviews from that stretch capture the turbulence: employees described a loss-making business with relentlessly shifting strategy and little clear direction from leadership, and β€” as the Grofers name gave way to Blinkit and Zomato took over β€” a marked cultural shift, with veterans noting that longtime managers left and the fast-scaling, high-pressure environment intensified. Even so, the business rebounded strongly under Zomato/Eternal to become a quick-commerce leader.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor β†—. See our methodology.

Source: TechCrunch; Zomato acq. $568M all-stock, Aug 2022

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