- Zomato has injected a total of INR 4,300 Cr into Blinkit since acquiring the quick commerce platform.
- Blinkit surpassed 1,000 stores in the last quarter and aims to expand to 2,000 stores by December 2025.
Foodtech giant Zomato has injected INR 1,500 Cr into its quick commerce arm, Blinkit, as competition in the sector continues to heat up. The fresh infusion follows an INR 500 Cr investment made by Zomato last month.
According to Blinkit’s regulatory filing, the company’s board of directors approved the allotment of 7,612 equity shares to Zomato Limited under a rights issue. Each share has a face value of INR 10 and has been issued at a premium of INR 19,70,171 per share, bringing the total value of this allotment to INR 1,499.7 Cr.
With this latest funding, Zomato has now injected a total of INR 4,300 Cr into Blinkit since acquiring the quick commerce platform.
The development, first reported by ET, comes as Blinkit aggressively expands its operations. The company reported an adjusted EBITDA loss of INR 103 Cr in Q3, a significant increase from the INR 8 Cr loss in the previous quarter. The losses have been attributed to upfront investments made during the period.
Despite the rising losses, Blinkit has been ramping up its store presence. During the last quarter, it surpassed the 1,000-store milestone, adding 216 new dark stores. Looking ahead, the company aims to further scale its operations, targeting 2,000 stores by December 2025.
As quick commerce players continue to battle for market share, Zomato’s continued financial backing underscores its long-term commitment to Blinkit’s growth and dominance in the sector.
Edited by Harshajit Sarmah
