Blinkit Gets ₹ 1,500 Cr Cash Boost From Zomato As Quick Commerce Battle Intensifies

Zomato has invested an additional Rs 1,500 crore in India’s biggest quick commerce platform, Blinkit, according to regulatory filings with the Registrar of Companies (RoC).

This comes a month after Deepinder Goyal’s company infused another Rs 500 crore in its quick commerce arm.

Incidentally, Blinkit is targeting to maintain its market leadership by going aggressive in opening dark stores.

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Why this sudden cash boost for Blinkit?

According to reports, Zomato is investing more in Blinkit to finance its fast growth and compensate for operational losses in the highly competitive quick commerce segment.

Blinkit has officially announced its plan to open 2,000 dark stores by the end of 2026.

Moreover, the quick commerce platform has also included SKUs like TVs, Laptops and printers to improve the average order value.

With the latest infusion, Zomato has put in Rs 4,300 crore in Blinkit since acquiring the firm in August 2022.

In Q2FY25, Blinkit was close to achieving operational breakeven. However, in Q3FY25, the quick commerce company’s operational losses rose to Rs 103 crore, mainly due to the rapid opening of new dark stores.

Still, the company announced continuing to open more dark stores rapidly until it reached the 2,000 mark. 

Interestingly, Blinkit’s rival Zepto is also spending around Rs 350-400 crore per month to gain market share.

Blinkit CEO Albinder Dhindsa disclosed the majority of the company’s costs are incurred due to expansion activities.

“These costs of expansion are unavoidable, whether borne through marketing or idle costs. 

According to our growth patterns, we might have been able to cover our expansion costs, but increased marketing spending has slowed the process,” Dhindsa added.

On February 21, food delivery giant, Swiggy also cleared a Rs.1,000 crore investment into its supply chain unit Scootsy Logistics, which operates dark stores for Instamart.

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