Blinkit a market leader in the quick commerce segment has secured Rs 500 crore in fresh funding from its parent company Zomato. According to filings with the Registrar of Companies (RoC) sourced via Tofler Zomato’s board approved the issuance of 2537 equity shares at Rs 1970181 per share amounting to the Rs 500 crore infusion. This brings Zomato’s total investment in Blinkit to approximately Rs 2800 crore. Strategic Funding Amid Rapid Expansion The latest investment follows Zomato’s Rs 8500 crore (~$1 billion) fundraising through a Qualified Institutional Placement (QIP) in November last year. Out of these proceeds Rs 2137 crore was earmarked for Blinkit to bolster its operations by investing in dark stores and warehouses. Zomato has consistently emphasized Blinkit’s significance as a cornerstone of its business. In June last year Blinkit received Rs 300 crore from Zomato with the company stating that the quick commerce unit would surpass its core food delivery segment in importance. In April 2023 Blinkit’s implied valuation exceeded that of Zomato’s food delivery division underlining its rapid growth trajectory. Zomato VS Zepto And Swiggy Blinkit currently leads the quick commerce market with a 46% share outpacing competitors Zepto and Swiggy Instamart which hold 29% and 25% market shares respectively as per a Motilal Oswal report. This dominance marks a remarkable turnaround for Blinkit which faced multiple challenges before Zomato acquired it in 2022 for $568 million (~₹4477 crore). Blinkit Plan To Compete With Zepto Swiggy Instamart Blinkit has accelerated its expansion efforts hiring former Flipkart executive Vipin Kapooria as its Chief Financial Officer and planning to establish 2000 dark stores by the end of 2026. This push for growth mirrors the strategies of its competitors. Swiggy Instamart for example has launched a standalone app for quick commerce while Zepto has reported a threefold increase in its annualized Gross Order Value (GOV) to approximately $3 billion (~₹24500 crore) over the past eight months. For context Blinkit’s annualized GOV is slightly ahead of Zepto’s standing at ₹24528 crore as of Q2 FY25. Quick commerce players including Blinkit have diversified beyond traditional grocery deliveries venturing into ultra-fast food delivery services. Earlier this month Blinkit launched a standalone app called Bistro which promises 10-minute food deliveries. This move directly competes with Zepto Café and Swiggy’s Instacafe/Bolt services. With a fresh infusion of Rs 500 crore and ambitious expansion plans Blinkit continues to strengthen its leadership position in the quick commerce space.