Zomato is doubling down on its quick commerce ambitions, pumping ₹1,500 crore into Blinkit as competition in the space heats up. This latest capital infusion, revealed in Blinkit’s recent regulatory filings, comes through a rights issue, with Zomato Limited subscribing to 7,612 equity shares. Each share, with a face value of ₹10, was issued at a steep premium of ₹19,70,171, bringing the total transaction value to ₹1,499.7 crore.
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This isn’t Zomato’s first big bet on Blinkit. Just last month, the foodtech giant poured ₹500 crore into its quick commerce arm. With this latest funding round, Zomato’s total investment in Blinkit since its acquisition has surged to a massive ₹4,300 crore.
Despite the aggressive expansion, Blinkit’s financials have taken a hit. The company reported an adjusted EBITDA loss of ₹103 crore in Q3, a staggering 13-fold increase from the ₹8 crore loss in the previous quarter. The spike in losses is largely attributed to Blinkit’s rapid scale-up efforts and upfront investments.
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One of Blinkit’s biggest milestones this quarter was surpassing 1,000 dark stores, adding 216 new locations in just three months. But the company isn’t stopping there. With this fresh capital, Blinkit is gunning to double its store count to 2,000 by December 2025, signaling an aggressive push to dominate India’s ultra-competitive quick commerce market.
