Blinkit’s losses widen amid expansion

Zomato‘s quick commerce arm, Blinkit posted an Ebitda loss of Rs178 crore in the January-March quarter, a 381% year-on-year jump from Rs 37 crore in the same period last year. Sequentially, losses also widened from Rs 103 crore in Q3. The sharp increase stems from Blinkit’s aggressive store expansion strategy. In the quarter, the company added 294 new dark stores, its highest ever in a single quarter, bringing the total to 1,301.

According to CEO Albinder Dhindsa, nearly 40% of these stores were opened in the past two quarters and are still underutilised.