Zomato, the foodtech giant, has secured a new 2.5 Lakh sq ft warehousing space in Mumbai, partnering with the Lodha Group for its B2B supply chain business, Hyperpure. This new facility, located at Lodha Industrial and Logistics Park in Palava, will serve as a key hub for Hyperpure, which focuses on supplying fresh produce, groceries, and other essentials to restaurants. The lease agreement spans five years, starting on February 15, 2025, and will cost Zomato INR 85 Lakh per month, with a 5% annual rent increase.
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As part of the lease arrangement, Zomato has deposited an amount equivalent to four months’ rent, having signed the contract in December 2024. This strategic move is aimed at supporting the growth of Hyperpure, which has been expanding rapidly in recent quarters. In Q2 FY25, the division’s revenue surged nearly 100%, reaching INR 1,473 Cr compared to INR 745 Cr the previous year.
In a bid to further streamline its operations, Hyperpure launched a fast-tracked ‘Express’ delivery service in November 2024, promising deliveries within 30 minutes to 4 hours. The company also announced plans to establish a processing plant to provide value-added food products, such as sauces, pre-cut vegetables, and semi-finished items, to its restaurant partners.
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This expansion comes after Zomato raised INR 8,500 Cr ($1 billion) through a Qualified Institutional Placement (QIP). The company allocated INR 2,137 Cr from the QIP proceeds to enhance its quick commerce arm, Blinkit’s dark stores, and to bolster Hyperpure’s warehouse capabilities.
