{"id":188162,"date":"2024-04-26T14:28:40","date_gmt":"2024-04-26T19:28:40","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2024\/04\/zomatos-quick-commerce-business-now-more-valuable-than-its-food-delivery-says-goldman-sachs"},"modified":"2024-04-26T14:28:40","modified_gmt":"2024-04-26T19:28:40","slug":"zomatos-quick-commerce-business-now-more-valuable-than-its-food-delivery-says-goldman-sachs","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2024\/04\/zomatos-quick-commerce-business-now-more-valuable-than-its-food-delivery-says-goldman-sachs","title":{"rendered":"Zomato\u2019s quick commerce business now more valuable than its food delivery, says Goldman Sachs"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/zomatos-quick-commerce-business-now-more-valuable-than-its-food-delivery-says-goldman-sachs2.jpg\"><\/a><\/p>\n<p>Goldman Sachs said in a report late Thursday that Indian food delivery giant Zomato\u2019s quick commerce arm Blinkit is now more valuable than its core food delivery business, as per the bank\u2019s sum-of-the-parts analysis.<\/p>\n<p>The investment bank estimates Blinkit\u2019s implied value at 119 Indian rupees per share ($1.43) or about $13 billion, while Zomato\u2019s food delivery business is valued at Rs 98 per share. Goldman previously pegged Blinkit\u2019s valuation at $2 billion in March 2023.<\/p>\n<p>Blinkit\u2019s valuation surge is driven by its strong growth potential in India\u2019s fast-growing quick commerce market. Goldman Sachs forecasts Blinkit\u2019s gross order value (GOV) to grow at a compound annual growth rate (CAGR) of 53% between the financial years 2024 and 2027, outpacing the overall online grocery market\u2019s projected CAGR of 38% during the same period.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Goldman Sachs said in a report late Thursday that Indian food delivery giant Zomato\u2019s quick commerce arm Blinkit is now more valuable than its core food delivery business, as per the bank\u2019s sum-of-the-parts analysis. The investment bank estimates Blinkit\u2019s implied value at 119 Indian rupees per share ($1.43) or about $13 billion, while Zomato\u2019s food [\u2026]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43,45,1506],"tags":[],"class_list":["post-188162","post","type-post","status-publish","format-standard","hentry","category-business","category-finance","category-food"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/188162","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=188162"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/188162\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=188162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=188162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=188162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}