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.
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