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What did Zomato CEO Deepinder Goyal say to shareholders in defence of BlinkIt’s acquisition?

Zomato, the Indian food delivery giant, defended its acquisition of BlinkIt that had left investors jittery, as Uber may offload 8.4% equity amid own losses

“We have zero skeletons in the closet,” Zomato* Founder and CEO Deepinder Goyal said in the company’s letter to shareholders while addressing concerns around the company’s acquisition of BlinkIt. Moreover, Goyal clarified that BlinkIt was evaluated objectively By Zomato and the company undertook extensive deliberations to arrive at a valuation. “We had multiple external advisors who helped us with various…

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I cover several beats such as Crypto, Telecom, and OTT at MediaNama. I can be found loitering at my local theatre when I am off work consuming movies by the dozen.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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