Deepinder Goyal-led Zomato invests Rs 500 crore in Blinkit

Deepinder Goyal-led food delivery giant Zomato has infused an additional Rs. 500 crore (about $60 million) into its quick commerce service, Blinkit, bringing its total investment in the platform to Rs. 2,800 crore since acquiring it in August 2022. 

This new funding follows Zomato’s successful Rs 8,500 crore capital raise through a Qualified Institutional Placement in November 2024, which was intended to strengthen the company’s financial position and support strategic growth initiatives.

Recent financial and operational milestones

Blinkit’s board approved issuing 2,537 equity shares at an issue price of Rs. 19,70,181 each to secure the latest Rs. 500 crore.

The company, which was previously known as Grofers before its acquisition by Zomato, is aiming to open 2,000 micro-warehouses by December 2026 to improve its delivery network. 

It has also introduced Bistro, a 10-minute food delivery platform, along with a 10-minute Blinkit Ambulance Service in select Gurugram areas.

In the July-September quarter (Q2FY25), Blinkit reported a 129% jump in revenue from operations, reaching Rs. 1,156 crore. Its EBITDA losses narrowed to Rs. 8 crore, a significant improvement from the Rs. 125 crore loss in the same period last year. 

Alongside Blinkit’s growth, Zomato itself is showing robust results. It recorded a 68.5% quarter-on-quarter increase in operating revenue, reaching Rs 4,799 crore, while net profit rose nearly five times to Rs 176 crore.