Deepinder Goyal-led food delivery giant Zomato has infused an additional Rs. 500 crore (approximately $60 million) into its quick commerce subsidiary Blinkit. This investment raises Zomato’s total financial commitment in Blinkit to Rs. 2,800 crore since acquiring the platform, formerly known as Grofers, in August 2022. The funding demonstrates Zomato’s continued focus on scaling its quick commerce operations.
The new infusion comes on the heels of Zomato’s successful Rs. 8,500 crore capital raise through a Qualified Institutional Placement (QIP) in November 2024. The capital raise was aimed at bolstering the company’s financial stability and enabling strategic growth initiatives, including Blinkit’s aggressive expansion. Blinkit’s board has approved issuing 2,537 equity shares at an issue price of Rs. 19,70,181 each to facilitate the Rs. 500 crore funding.
Blinkit is targeting a significant expansion in its operational footprint with plans to establish 2,000 micro-warehouses by December 2026. These micro-warehouses are expected to enhance the platform’s delivery efficiency, providing faster service to customers and strengthening its position in the competitive quick commerce market.
Additionally, Blinkit has launched several innovative services to cater to diverse consumer needs. Its Bistro platform promises 10-minute food delivery, while the Blinkit Ambulance Service, introduced in select areas of Gurugram, aims to provide rapid emergency medical support. Blinkit’s operational metrics reveal impressive growth. In the July-September quarter of FY25 (Q2FY25), the platform reported a 129% year-on-year increase in revenue, reaching Rs. 1,156 crore. Notably, its EBITDA losses narrowed significantly to just Rs. 8 crore, compared to Rs. 125 crore in the same period last year.
This turnaround underscores Blinkit’s improving operational efficiency and aligns with Zomato’s broader efforts to drive profitability across its business segments.
Zomato itself has also delivered remarkable financial results, reflecting the success of its diversified growth strategy. In Q2FY25, Zomato posted a 68.5% quarter-on-quarter increase in operating revenue, amounting to Rs. 4,799 crore. Its net profit surged nearly fivefold to Rs. 176 crore, demonstrating its ability to balance growth and profitability effectively.
The synergistic growth of Zomato and Blinkit highlights the strategic value of their integration. As Zomato strengthens Blinkit’s infrastructure and operations, it positions the quick commerce service as a formidable player in the fast-evolving Indian e-commerce ecosystem.
With the additional funding, Blinkit is well-positioned to scale its operations, expand its service offerings, and compete aggressively in the quick commerce space. Its focus on technological innovation and consumer-centric services, combined with Zomato’s financial backing and strategic guidance, sets the stage for sustained growth and market leadership.
Zomato’s investments in Blinkit signal a long-term commitment to capturing opportunities in India’s rapidly growing quick commerce market. As the company continues to execute its vision, it remains a key player shaping the future of e-commerce and food delivery in India.
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