Blinkit Gets INR 600 Cr Boost From Eternal To Raise Quick Commerce Stakes

Blinkit parent Eternal has infused another INR 600 Cr into the quick commerce platform, signalling a fresh wave of aggression in a market that is heating up once again. 

As per a regulatory filing, Blinkit has allotted 3,733 equity shares at INR 16,07,161 each.

This marks Blinkit’s third internal infusion this year, following INR 500 Cr in January and INR 1,500 Cr in February, taking its total capital infusion in 2025 to INR 2,600 Cr.

Fuelled by this infusion, Blinkit’s dark store count is expected to reach 2,100 by December 2025, higher than its earlier target of 2,000, as per Eternal’s previous disclosures. The fresh infusion is expected to support the accelerated expansion and strengthen Blinkit’s inventory-led model in key cities. 

Eternal had allocated over 90% of its quarterly capex to Blinkit, which was necessitated by the shift to the inventory model. 

The upcoming push will complement the company’s expansion in Q2 FY26 and in 2025 overall. Blinkit added 272 new stores in the quarter, its highest quarterly tally in the last ten quarters, taking the network to 1,816 stores as of September 2025.  

The latest round of capital comes as the quick commerce race intensifies, with rivals stepping up their own fundraises and expansion plans. 

With new cash coming in across the board, the segment is entering another high-spend phase marked by faster store rollouts, broader assortments and shorter delivery promises.

Against this backdrop, rivals have also secured fresh capital and accelerated rollouts, setting the stage for another intense battle in quick commerce

Notably, earlier this year, Zepto raised nearly $450 Mn (around INR 3,955 Cr) in a funding round led by US pension fund CalPERS, with participation from existing backers including Avenir, Avra, Lightspeed, Glade Brook, the Stepstone Group and Nexus Venture Partners. 

Swiggy, too, is gearing up for a large fundraise to strengthen Instamart. The company is planning to raise up to INR 10,000 Cr via a qualified institutional placement (QIP) to bolster its balance sheet and accelerate Instamart’s expansion. 

The quick commerce sector is entering a high-spend phase reminiscent of the earlier food delivery wars. Analysts expect the next few quarters to see intense discounting, faster delivery pushes, wider assortments and sharper focus on unit economics across metros and Tier I cities.