Blinkit Unicorn Acquired
Blinkit is an Indian quick-commerce platform that delivers groceries and daily essentials to customers' doorsteps in minutes from a network of local "dark stores." Originally launched as Grofers in 2013, it rebranded to Blinkit in December 2021 and was acquired by Zomato (now Eternal Limited) in 2022, becoming Eternal's quick-commerce business alongside Zomato food delivery, District and Hyperpure.
Blinkit: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 15 Mar 2022 | Debt / Loan | $150 Mn loan | Zomato Limited | source |
| 1 Feb 2022 | Venture Debt | $10 Mn | InnoVen Capital | source |
| 29 Sep 2021 | Series G (tranche) | $16.7 Mn | KTB Ventures | source |
| 29 Jun 2021 | Strategic Investment | $100 Mn | Zomato Limited | source |
| 15 May 2019 | Series F | $220 Mn | SoftBank Vision Fund KTB Ventures Sequoia Capital Tiger Global Management | source |
| 19 Mar 2018 | Series E | ₹400 Cr (~$61.6 Mn) | SoftBank Group Tiger Global Management | source |
| 6 Oct 2014 | Seed | $500K | source |
Recent Signals
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Who founded Blinkit?
Blinkit was founded by Albinder Dhindsa, Saurabh Kumar, Rishi Arora in 2013.
How much funding has Blinkit raised?
Blinkit has raised $558.8 Mn across 7 tracked funding round(s), most recently on 2022-03-15. Figures are compiled from cited public sources.
Who are the investors in Blinkit?
Investors in Blinkit include Zomato Limited, InnoVen Capital, KTB Ventures.
What does Blinkit do?
Blinkit is an Indian quick-commerce platform that delivers groceries and daily essentials to customers' doorsteps in minutes from a network of local "dark stores." Originally launched as Grofers in 2013, it rebranded to Blinkit in December 2021 and was acquired by Zomato (now Eternal Limited)…
Where is Blinkit headquartered?
Blinkit is headquartered in Gurugram, Haryana, India.
What is Blinkit's business model?
Blinkit's core value proposition centers on Ultra-fast delivery of everyday essentials, Broad assortment beyond groceries.
How does Blinkit make money?
Blinkit's cited revenue streams include Sale of grocery and retail products (inventory-led model), Retail media / advertising (Blinkit Ads / Brand Central).