Deepinder Goyal-led Zomato invests Rs 1,500 crore in quick commerce arm Blinkit: Report

Food-tech major Zomato has invested an additional Rs 1,500 crore (about $178 million) in its quick commerce subsidiary Blinkit, just a month after the company poured Rs 500 crore into the same arm.

According to media reprots, Blinkit’s board passed a special resolution authorizing the issuance of 7,612 equity shares at an issue price of Rs 19,70,181 per share, thereby raising the fresh capital.

This latest infusion underscores Zomato’s aggressive strategy in India’s high-stakes quick commerce segment.

Blinkit's financial growth

In the third quarter of fiscal year 2025, Zomato’s operating revenue climbed 64.4% year-over-year to Rs 5,405 crore, up from Rs 3,288 crore in Q3 FY24. 

Despite this revenue surge, the Gurugram-based firm saw its profits contract by 57.2% to Rs 59 crore in the same period. Meanwhile, Blinkit—which was fully acquired by Zomato in August 2022—reported robust top-line growth.

Its revenue from operations leaped 117% to Rs 1,399 crore, compared with Rs 644 crore in the same quarter last year, reflecting a growing consumer appetite for speed and convenience.

Expanding dark stores network

Blinkit, formerly known as Grofers, has been scaling swiftly by opening new dark stores and adding high-value products like televisions and laptops to boost average order values. The company has also announced a plan to establish up to 2,000 dark stores by the end of 2026, intensifying competition with rivals like Zepto and Swiggy.

Market presence

According to a recent report by Citi, Blinkit leads the Indian quick commerce market with a 41% share, while Instamart trails at about 23%. On the other hand, Aadit Palicha-led Zepto is believed to be burning an estimated Rs 350-400 crore a month, indicating how fierce the race for market dominance has become.

Notably, Swiggy, which has its own quick commerce service called Instamart, recently invested Rs 1,000 crore ($117 million) in its supply chain unit Scootsy Logistics to strengthen last-mile operations and meet consumer demand for faster deliveries.

For Zomato, bolstering Blinkit’s operations is a natural extension of its broader push to diversify beyond restaurant deliveries. In November last year, Zomato raised Rs 8,500 crore through a qualified institutional placement (QIP), largely to shore up its balance sheet and fund expansions in areas like quick commerce.