Zomato Clarifies On Blinkit Disruptions; Stock Zooms 5%

Shares of Zomato were up over 5% in today's trading session after the company gave an update on the operations of its quick commerce brand Blinkit. The company said it made changes in the delivery partner payout structure with respect to the Blinkit business to address the needs of delivery partners, improve customer experience and reduce cancellation and order rejection frauds by a few delivery partners in the system. Here's what you need to know