Only a month after closing its 500 crore round, food tech company Zomato invested 1,500 crore (over $178 million) in its quick commerce subsidiary, Blinkit.

According to a regulatory filing obtained from the Registrar of Companies (RoC), the Blinkit board adopted a special resolution to issue 7,612 equity shares at an issue price of 19,70,181 apiece in order to raise 1,500 crore, or $178 million.

Only three months have passed since Zomato raised 8,500 crore through a Qualified Institutions Placement (QIP) to bolster its financial position and fund strategic initiatives and commercial expansion, especially in the fast commerce sector. This capital infusion into Blinkit follows that move.

Zomato's operating revenue increased by an astounding 64.4% year over year in the third quarter of the current fiscal year, from 3,288 crore in Q3 FY24 to 5,405 crore. However, within the same time period, the Gurugram-based company's profits fell by 57.2% to 59 crore.

Blinkit is operating revenue increased by more than 117% in Q3 FY25, from 644 crore to 1,399 crore.

In order to strengthen its rapid commerce division Instamart, Zomato's fiercest rival Swiggy invested 1,000 crore ($117 million) in its supply chain division Scootsy Logistics last week.

As Zomato-owned Blinkit and Zepto gain greater market shares in India's competitive rapid delivery sector, Swiggy Instamart is lagging behind in the quick commerce race, according to Citi's most recent study. Swiggy's market share is 23%, while Blinkit is is 41%.

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