Blinkit more valuable than Zomato’s food delivery business

Goldman Sachs states that Blinkit, Zomato's quick commerce arm, holds more value than its food delivery business, with Blinkit's gross order value expected to grow at a CAGR of 53% between FY24-FY27. This growth will drive Zomato's overall adjusted revenue CAGR of 32%, while the food delivery business is predicted to have a lower CAGR of 20%. Blinkit's equity value is estimated at $13 billion, surpassing the value of the food delivery business. 

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