Deepinder Goyal: An Exit to Enter
Deepinder Goyal, Zomato’s Founder and CEO, sold all of his personal shares in Blinkit (formerly Grofers) days before his company announced it will invest up to $400 million in quick commerce over the next two years.
- Mar 2, 2022,
- Updated Mar 2, 2022 4:23 PM IST
Deepinder Goyal, Zomato’s Founder and CEO, sold all of his personal shares in Blinkit (formerly Grofers) days before his company announced it will invest up to $400 million in quick commerce over the next two years. The food aggregator is anticipated to further bulk up the $100-million investment it made into Blinkit last year. This will strengthen Zomato in its battle with arch rival Swiggy, and might even positively impact its stock price.
Deepinder Goyal, Zomato’s Founder and CEO, sold all of his personal shares in Blinkit (formerly Grofers) days before his company announced it will invest up to $400 million in quick commerce over the next two years. The food aggregator is anticipated to further bulk up the $100-million investment it made into Blinkit last year. This will strengthen Zomato in its battle with arch rival Swiggy, and might even positively impact its stock price.