Zomato, headquartered in Gurgaon, has invested ₹500 crore into its quick commerce venture, Blinkit, as per a regulatory filing submitted to the Registrar of Companies (RoC).
Blinkit’s board has approved a resolution to issue 2,537 equity shares at an issue price of ₹19,70,181 each, raising ₹500 crore, according to a regulatory filing obtained from the Registrar of Companies.
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Strengthening Zomato’s financial position to support business expansion and strategic initiatives—particularly in the rapid commerce segment through Blinkit—was the main goal of that financing effort.
One of the leading quick commerce Companies in India, Blinkit recently ventured into food delivery with Bistro, a platform promising 10-minute food deliveries that the company aims to expand. Bistro enters a competitive market alongside Swiggy’s Snacc and Zepto Cafe, both of which are also scaling their operations.
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Along with competition, Blinkit is expanding rapidly, with plans to run 1,000 dark stores by March of this year and 2,000 of these mini warehouses by December of 2026.