Funding · Commerce & Consumer Brands

Eternal infuses ₹450 crore into Blinkit

By Startup Enthusiast · 12 March 2026

What they do

Blinkit is a quick commerce platform delivering groceries and essentials in minutes

Parent Eternal invested ₹450 crore via a rights issue at ₹16.07 lakh per share

The funds will support dark store expansion and working capital amid intense competition. sector

Eternal infused ₹450 crore into Blinkit through a rights issue.
The issue price was ₹16.07 lakh per share.
Eternal allotted 2,799 equity shares to Blinkit.
This is the first capital infusion by Eternal into Blinkit in 2026.
In 2025, Eternal pumped ₹2,600 crore into Blinkit across multiple rounds.
The fresh investment will support dark store expansion, working capital, and operational costs.
India's quick commerce market is highly competitive, with rivals Zepto and Swiggy Instamart also investing heavily.
IPO-bound Zepto raised $450 million last year led by California Public Employees' Retirement System.
Swiggy raised about ₹10,000 crore via a QIP (qualified institutional placement) in December last year for Instamart expansion.
Eternal called the competition intensity 'irrational' in its Q3 FY26 shareholder letter.
Blinkit CEO Albinder Dhindsa noted competition from startups, major ecommerce players, and JioMart.
Amazon and Flipkart are also ramping up quick commerce investments.

Blinkit's Q3 FY26 revenue was ₹1,399 crore, up 117% year-on-year from ₹644 crore.
Its adjusted EBITDA loss widened to ₹103 crore from ₹89 crore a year ago.
Albinder Dhindsa was elevated to Eternal group CEO after Deepinder Goyal stepped down earlier this year.

Blinkit will use the funds for dark store expansion, working capital, and operational costs.