Food tech major Zomato has invested 500 crore (approximately $60 million) into its quick commerce subsidiary, Blinkit, raising its total investment in the segment to 2,800 crore since acquiring the company. Blinkit’s board approved a resolution to issue 2,537 equity shares at 19,70,181 each, as per regulatory filings with the Registrar of Companies.

This fresh infusion comes just two months after Zomato secured 8,500 crore through a Qualified Institutions Placement (QIP) aimed at enhancing its financial strength to support business growth and strategic initiatives, particularly in the quick commerce space via Blinkit.

It marks the second funding for Blinkit within seven months, following a 300 crore ($36 million) investment in June 2024. Zomato acquired Blinkit, previously known as Grofers, in a stock-based deal valued at 4,477 crore ($568 million).

Zomato’s financial performance has seen a significant upswing. The company reported a 68.5% quarter-on-quarter increase in operating revenue, reaching 4,799 crore in Q2 FY25, up from 2,848 crore in Q2 FY24. Additionally, its net profit surged 4.8 times to 176 crore during the same period.

Blinkit also posted impressive growth in Q2 FY25, with revenue from operations jumping 129% to 1,156 crore compared to 504 crore in Q2 FY24. The quick commerce segment's gross order value (GOV) growth was fueled by higher order frequency and new store additions, driving substantial contributions to Zomato’s overall revenue.

The investment reflects Zomato’s continued focus on scaling its quick commerce business, leveraging Blinkit's expanding market presence and demand for fast delivery services.