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Zomato invests $57.7m in Blinkit amid quick commerce race
Zomato has invested around 500 crore rupees (around US$57.7 million) in Blinkit, its quick commerce subsidiary.
Regulatory filings indicate that Blinkit issued 2,537 equity shares at 19.7 lakh rupees (around US$22,754) each to facilitate this capital injection.
This funding follows Zomato’s recent fundraising of 8,500 crore rupees (around US$980.9 million) through its first qualified institutional placement (QIP) announced two months ago.
The company allocated 2,137 crore rupees (around US$246.6 million) from the QIP to develop Blinkit’s dark stores and Hyperpure’s warehouses.
Zomato has shown increasing support for Blinkit, with a previous investment of 300 crore rupees (around US$34.6 million) made in June 2024.
This brings the total investment to 2,300 crore rupees (around US$265.4 million) since Zomato acquired Blinkit in August 2022.
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