Blinkit, India’s largest quick commerce platform, has secured a ₹600 crore fund infusion from its parent company Eternal. New Delhi: India’s largest quick commerce platform, Blinkit, has received a ₹600-crore (around $68 million) fund infusion from its parent company Eternal, according to a regulatory filing made with the Registrar of Companies (RoC).
With this, Eternal has injected ₹2,600 crore into Blinkit this year.
The Gurugram-based company, which also runs the food delivery platform Zomato, had invested ₹1,500 crore in February and ₹500 crore in January in Blinkit.
Blinkit is in the midst of an aggressive dark store scale-up and plans to have 3,000 such micro-warehouses on its network by March 2027. As of September 30, it had 1,816. The company, meanwhile, continues to incur losses as it expands and responds to competition. For the July-September quarter, Blinkit reported operating losses of ₹156 crore.
While this was marginally lower on a sequential basis, it has ballooned from the same period last year, when the operating loss was just ₹8 crore.
Responding to ET’s queries, an Eternal spokesperson said: “This is a regular cash infusion into Eternal’s subsidiary… to support Blinkit’s network expansion and growth initiatives, including operating losses, working capital, and capex (capital expenditure).” While Blinkit’s losses narrowed sequentially, the decline was below internal projections.
The company has attributed this to passing on efficiency gains to customers, accelerated store rollouts, higher marketing spends, and investments in warehousing and supply chain infrastructure. “This does not change our long-term outlook on margins,” Blinkit CEO Albinder Dhindsa had said in October when the company declared its second quarter results. “If we have to choose between high-quality sustainable growth and short-term margin sacrifice, we will choose the former given our strong balance sheet.” Blinkit’s marketing expenses jumped nearly fourfold year-on-year, and 1.4 times sequentially, during the quarter. Even as the small fund infusion by its parent company will help Blinkit cover operating losses, Eternal is sitting on over ₹18,000 crore (over $2 billion) in cash on its balance sheet. It had last raised ₹8,500 crore in late 2024 via a qualified institutional placement.
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