Zomato Limited (NSEI:ZOMATO) agreed to acquire remaining 99.99% stake in Blink Commerce Private Limited from a group of shareholders for INR 49.2 billion on June 24, 2022. Under the terms of the deal, Zomato will issue 628.53 million share to acquire 33,018 common shares of Blink Commerce, of which it already owned 1 equity share. Zomato has extended INR 11,250 million as debt to Blinkit (of which INR 5,750 million is still available as cash with Blinkit). This debt is being acquired by Zomato as part of the transaction. Post the acquisition, the Blinkit team and Chief Executive Officer Albinder Dhindsa will continue to run the company as an independent entity and app. As of March 31, 2022, Blink Commerce reported a turnover of INR 2,363.2 million. Zomato's Board of Directors approved the deal. The transaction is subject to approval of shareholders of Zomato Limited and stock exchange approval. As of July 28, 2022, Zomato Limited shareholders approved the transaction. The closing of the transaction is expected to happen in early August 2022. Anindya Ghosh of Induslaw LLP acted as legal advisor for Blinkit and Vaibhav Kakkar, Snigdhaneel Satpathy, Akshay Jain and Sahil Arora of Saraf & Partners acted as due diligence provider for Zomato Limited in the transaction. AZB &Partners acted as legal advisor to Internet Fund III Pte. Ltd. Ernst & Young Global Limited acted as financial advisor to Grofers International Pte Ltd. Ernst & Young LLP acted as financial advisor to Zomato. As of February 16, 2023. Rajah & Tann Singapore has acted as Singapore counsel to Grofers International on its acquisition of all the shares in Indian instant delivery service Blink Commerce (formerly Grofers India, and a wholly-owned subsidiary of Grofers International) by food delivery startup Zomato. Partner Evelyn Wee led the firm's team in the transaction.

Zomato Limited (NSEI:ZOMATO) completed the acquisition of remaining 99.99% stake in Blink Commerce Private Limited from a group of shareholders on August 10, 2022.