Founder of Bharatpe Ashneer Grover on Tuesday claims that the Zomato online food delivery application shares will be ₹ 450 if it is combined with other Swiggy applications. Blinkit was previously known as Grofers. Ashneer Grover who founded the company in 2015.

Bringing to Twitter, Judge Shark Tanks India said, “In the stock market- @letsblinkit serves hot misery to @zomato in 10 minutes! Yeh hi so that
@Swiggy mko merge kar liya heta to ₹ 450 ka stock hota !! “.

Zomato shares continued to plummet the day after reaching the lowest record on Monday after the end of the compulsory locking period. According to the number at 12.50 pm, each Zomato stock is sold at ₹ 43.35 on the Bombay Stock Exchange.

On Monday, the stock dropped 11.37 percent to settle in ₹ 47.55 each in BSE. During the day, he fell 14.25 percent to the lowest of all time of ₹ 46. In NSE, the company’s shares ended with each ₹ 47.60, lower at 11.27 percent.

Recently, Zomato has announced the acquisition of Blinkit for ₹ 4,447.48 Crore in a stock exchange agreement as part of his strategy to invest in a fast trade business. The company board at the meeting approved the acquisition of up to 33,018 equity shares from the PVT Ltd Blink Commerce from its shareholders with a total purchase consideration of 4,447.48 Crore at a price of ₹ 13.45 LAKH per equity share, Zomato said in the submission of regulations.

In March, Grover resigned as Director of the Bharatpe Fintech Company. This is after his wife Madhuri Jain Grover was fired from his position.