Founder and CEO Deepinder Goyal stated that the investment will further strengthen the balance sheet and ensure a level playing field with its competitors such as Zepto and Swiggy. Blinkit and the ...

The infusion comes at a time when Blinkit is aiming to maintain its ... institutional placement (QIP), mainly to improve its balance sheet and have cash for the quick commerce arm.

to strengthen its balance sheet. As of December 31, 2024, Zomato had Rs 19,235 crore in cash reserves, showing resources to support Blinkit’s expansion and mitigate losses. Blinkit’s rivals ...

which it said would be to strengthen its balance sheet amidst growing competition. India's quick commerce sector is heating up as players such as Blinkit, Zepto, Dunzo, and Swiggy Instamart battle ...

This brings Zomato's total investment in Blinkit to Rs 2,800 crore since ... the company stated would be used to strengthen its balance sheet amidst intensifying competition in the quick-commerce ...