Eternal, parent company of Zomato, has injected Rs 600 crore into its quick commerce subsidiary Blinkit, bringing its total funding in 2025 to Rs 2,600 crore. This latest infusion supports Blinkit’s aggressive expansion plans, including targeting 3,000 dark stores by March 2027, nearly doubling its current count of 1,816 stores. The investment covers network growth, operating losses, working capital, and capital expenditures.
Blinkit has become Eternal’s primary revenue driver, contributing Rs 9,891 crore, or about 73% of Eternal’s total operating revenue of Rs 13,590 crore in Q2 FY26. This surge is due to Blinkit’s inventory-led model, where the full value of goods sold is booked as revenue. However, profitability remains strained, with Blinkit posting an EBITDA loss of Rs 156 crore in the latest quarter and Eternal’s consolidated net profit declining 63% year over year to Rs 65 crore.
The quick commerce sector in India is fiercely competitive, valued at $6-7 billion in gross merchandise value in 2024. Blinkit holds over 50% market share, ahead of Swiggy Instamart at 27% and Zepto at 21%. Competitors are also raising capital aggressively. Zepto secured $450 million in October 2025, while Swiggy plans to raise up to Rs 10,000 crore. BigBasket’s BB Now quick commerce service recently obtained Rs 200 crore in debt funding.
Eternal’s Rs 600 crore capital infusion underscores the high stakes in India’s rapidly growing quick commerce market as Blinkit strengthens its market leadership and scales operations amid intensifying rivalry.
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