Eternal Injects ₹600 Crore into Blinkit for Dark Store Expansion and Operational Growth

India's premier quick commerce platform Blinkit has reportedly secured a fresh capital infusion of ₹600 crore (approximately $68 million) from its parent company Eternal, according to regulatory filings submitted to the Registrar of Companies (RoC).

Cumulative Investment Crosses ₹2,600 Crore in 2025

The latest funding round brings Eternal's total investment in Blinkit during 2025 to ₹2,600 crore. This follows substantial capital infusions of ₹1,500 crore in February and ₹500 crore in January earlier this year. The sustained funding momentum underscores the parent company's commitment to strengthening Blinkit's market position in an increasingly competitive quick commerce landscape.

Ambitious Dark Store Expansion Targets 3,000 Micro-Warehouses

The capital injection is expected to fuel Blinkit's aggressive dark store expansion programme. The company has set its sights on reaching 3,000 micro-warehouses by March 2027, a significant scale-up from the 1,816 facilities operational as of September 30. This expansion aligns with the broader trend of warehousing and logistics absorption growth in India, which recorded an 8 per cent increase in H1 2024.

Beyond infrastructure development, the funds will address operating losses, working capital requirements, and capital expenditure needs as Blinkit continues to scale operations amid intensifying competition in the quick commerce sector.

Operating Losses Show Sequential Improvement Despite Year-on-Year Increase

During the July-September quarter, Blinkit reportedly recorded operating losses of ₹156 crore. While this represents a sequential improvement from the previous quarter, the figure is significantly higher than the ₹8 crore loss registered during the corresponding period last year.

Industry observers have attributed the slower-than-expected margin improvement to elevated marketing expenditure, accelerated store launches, and substantial investments in warehousing and logistics infrastructure. Marketing expenses alone reportedly increased nearly fourfold on a year-on-year basis and approximately 1.4 times sequentially.

Long-Term Growth Strategy Takes Precedence Over Short-Term Margins

Despite the elevated burn rate, Blinkit reportedly maintains a strategic focus on sustainable long-term growth rather than prioritising short-term profitability. This approach mirrors the investment patterns seen across Indian warehouse leasing which rose 8% YoY in 2024.

Eternal, meanwhile, maintains a robust financial position with over ₹18,000 crore on its balance sheet. This liquidity was significantly bolstered by the company's ₹8,500 crore qualified institutional placement (QIP) completed in late 2024, similar to how Delhi-NCR based Anant Raj accelerated expansion with QIP funding.

Investment Breakdown for 2025

Quick Commerce Sector Witnesses Intensifying Competition

The fresh capital infusion comes at a time when the quick commerce sector in India is witnessing unprecedented competition. With multiple players vying for market share, companies are investing heavily in infrastructure expansion, technology upgrades, and customer acquisition strategies. The logistics portfolio investments across Chennai, Mumbai, and Kolkata reflect the growing importance of supply chain infrastructure in this space.

The substantial backing from Eternal positions Blinkit to maintain its competitive edge while building a nationwide network of dark stores to serve India's rapidly growing base of convenience-seeking consumers.

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