Zomato to invest Rs 300 Crore in Blinkit to take on Swiggy Instamart

Zomato will invest Rs 300 crore in its quick commerce subsidiary Blinkit, as per regulatory filings sourced from Tofler. This will raise Zomato’s total investment in Blinkit, acquired in 2022 for $569 million in an all-stock deal, to Rs 2,300 crore. According to various media reports, Zomato will invest Rs 100 crore in Zomato Entertainment, its live events and ticketing business.

Following the announcement of its Q4 FY24 results, Zomato stated that Blinkit plans to expand its store footprint to 1,000 by the end of FY25, up from 526 stores as of March 31, 2024, with 75 stores added in Q4.