Zomato’s Acquisition of Blinkit: How Business Analytics and Investment Banking Shaped the Deal

Authors

  • Garima Sampat Kamath garima08.sk@gmail.com

DOI:

https://doi.org/10.36676/urr.v12.i2.1523

Keywords:

Zomato, Blinkit, acquisition

Abstract

 Blinkit’s acquisition by Zomato in 2022 marked a significant stepping stone into India’s digital economy and food-tech sector. This research paper digs deeper into the investigation of the deal's background and strategic rationale, analytical studies, and financial structuring, with a deeper dig into the significant roles played by business analytics and investment banking to make the deal a reality. Acquiring Blinkit proved a well-thought-out shift for Zomato, for it could align itself with emerging consumer and market trends, and face competition from other players in the market, such as Swiggy Instamart, and Zepto.

From evaluating Blinkit’s customer data, all the way to forecasting profitability and operational & integrational synergies, Business analytics played an extensive role. Various aspects of Blinkit’s business, such as consumer behaviour, delivery efficiency, and potential for growth in the quick commerce sector, were studied using data-driven models. At the time of acquisition, Blinkit faced mounting losses; hence, predictive analytics and key performance indicators were vital in risk assessment.

References

● Why companies acquire startups

https://www.revelx.co/blog/who-big-companies-buy-startups/

● Zomato background

https://www.zomato.com/who-we-are

● Blinkit Background

https://blinkit.com/press#:~:text=Founded%20in%20December%202013%2C%20Blinkit,cutting%2Dedge%20technology%20and%20innovation.

● Timeline of the acquisition

https://www.cnbctv18.com/business/companies/zomato-year-long-pursuit-of-blinkit-timeline-13943422.htm

https://www.business-standard.com/article/companies/zomato-blinkit-to-cross-leverage-customer-bases-soon-deepinder-goyal-122080200571_1.html?utm

● Zomato's finances before the acquisition

https://www.zomato.com/

https://economictimes.indiatimes.com/tech/startups/zomato-ipo-to-launch-on-july-14-all-the-details/articleshow/84226417.cms?utm_

● Importance of business analytics

https://www.linkedin.com/pulse/power-business-analysis-mergers-acquisitions-success-clifford-woods-51llc?utm_

https://hbr.org/1979/07/strategic-analysis-for-more-profitable-acquisitions?utm_

https://blog.zomato.com/powering-data-analytics-with-trino

● Importance of investment banking in m&a transactions

https://www.dfinsolutions.com/knowledge-hub/thought-leadership/knowledge-resources/role-of-investment-banks-in-mergers-and-acquisitions#:~:text=In%20the%20M%26A%20due%20diligence,a%20strategic%20fit%20is%20there.

● Challenges and Risks:

https://www.livemint.com/companies/news/zomato-blinkit-deal-why-the-market-isnt-impressed-11656712307380.html

● Impact:

https://www.businesstoday.in/latest/corporate/story/zomato-says-blinkit-key-to-long-term-growth-despite-current-losses-368147-2023-02-10

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Published

2025-05-06
CITATION
DOI: 10.36676/urr.v12.i2.1523
Published: 2025-05-06

How to Cite

Garima Sampat Kamath. (2025). Zomato’s Acquisition of Blinkit: How Business Analytics and Investment Banking Shaped the Deal. Universal Research Reports, 12(2), 99–113. https://doi.org/10.36676/urr.v12.i2.1523

Issue

Section

Original Research Article