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Blinkit

Q-commerceIndia
🤝 Acquired
Peak $1 BillionToday
~-43%
from peak
  1. 🦄
    Became a unicorn
    2021
  2. 📈
    Peak valuation
    $1 Billion ’21
  3. 💔
    Became a Unitard
    2022
  4. 💸
    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. The business later rebounded strongly as part of Zomato/Eternal.