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- Sat, 14 March 2026
Eternal has infused Rs 450 crore into its quick commerce subsidiary Blinkit through a rights issue as competition across the sector intensifies.
According to regulatory filings, Blinkit allotted 2,799 equity shares to Eternal at an issue price of Rs 16.07 lakh per share.
This marks Eternal’s first capital infusion into Blinkit in 2026.
The funding will support expansion of Blinkit’s dark store network, along with working capital needs and operational scaling across multiple cities.
Blinkit is aggressively expanding its network of dark stores which act as micro warehouses for fast deliveries.
As of December 2025, the company operated 2,027 stores.
Blinkit now aims to scale this network to 3,000 dark stores by March 2027.
These facilities allow the company to keep inventory closer to customers, enabling faster deliveries that define the quick commerce experience.
Quick commerce is now a central growth engine for Eternal.
In terms of net order value, Blinkit has already surpassed the company’s food delivery business.
The company also reported strong financial performance in the December quarter.
Blinkit’s revenue rose to Rs 12,256 crore from Rs 1,399 crore in the previous year, while gross profit increased to Rs 3,539 crore from Rs 1,300 crore.
The company also reported an adjusted EBITDA profit of Rs 4 crore during the quarter compared with a loss a year earlier.
India’s quick commerce market is witnessing aggressive expansion by multiple players.
Zepto raised $450 million in a funding round led by global pension fund investors and has filed confidential draft papers for a public listing.
Swiggy also raised around Rs 10,000 crore through a qualified institutional placement to support the growth of Instamart.
Large ecommerce companies including Amazon, Flipkart and Reliance are also increasing their focus on faster delivery formats.
This growing competition is pushing companies to invest heavily in logistics infrastructure and warehouse networks.
The leadership structure at Eternal also saw a major shift earlier this year.
Founder Deepinder Goyal stepped down as managing director and chief executive officer in February.
Blinkit founder Albinder Dhindsa was elevated as Eternal’s group chief executive officer while continuing to lead the quick commerce business.
The move reflects how central Blinkit has become to the company’s long term strategy.
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