Foodtech major Zomato has infused INR 1,500 Cr in its quick commerce arm Blinkit

The latest fundraise comes a month after Zomato injected INR 500 Cr into the quick commerce arm

With the latest funding, Zomato has injected a total of Rs 4,300 Cr in Blinkit since its acquisition

Amid the intensifying competition in the quick commerce sector, foodtech major Zomato has infused INR 1,500 Cr in its quick commerce arm Blinkit.

According to Blinkit’s regulatory filing, the company’s board of directors approved the allotment of 7,612 equity shares to Zomato Limited under a rights issue. Each share will have a face value of INR 10 and has been issued at a premium of INR 19,70,171 per share. The total value of this allotment stands at INR 1,499.7 Cr.

The latest fundraise comes a month after Zomato injected INR 500 Cr into the quick commerce arm.

The development was first reported by ET.

With the latest funding, Zomato has injected a total of Rs 4,300 Cr in Blinkit since its acquisition.

Blinkit posted an adjusted EBITDA loss of INR 103 Cr in Q3, up 13X from INR 8 Cr in the preceding quarter, due to upfront investments made during the period.

Notably, Blinkit surpassed the 1,000-store mark during the quarter under review with an addition of 216 new dark stores.

Leveraging this funding, Blinkit would be looking to double this to 2,000 stores by December 2025.