Who Owns Blinkit and What Does It Mean for the Company's Future?

Blinkit is a relatively new player in the grocery delivery market, and its ownership structure is a topic of interest. Zomato, a well-established food delivery company, acquired Blinkit in April 2021.

The acquisition has given Blinkit access to Zomato's resources and expertise, which is expected to boost its growth and competitiveness. This partnership has also enabled Blinkit to expand its services to more cities and customers.

Blinkit's founders, Ankit Lohia and Gaurav Agarwal, have joined Zomato's leadership team, bringing their expertise and knowledge to the table. Their involvement is likely to ensure that Blinkit's unique value proposition and culture are preserved as the company continues to grow.

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Zomato acquired Blinkit in an all-stock deal worth $568 million on June 24, 2022. This acquisition was approved by Zomato's board after months of talks and discussions.

The acquisition involved the purchase of equity shares from Blink Commerce Pvt Ltd shareholders, amounting to Rs 4,447.48 crore ($569 million). Blinkit's earlier valuation of $1 billion underwent a 43% reduction.

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As part of the deal, Zomato Hyperpure, the B2B arm of Zomato, acquired BlinkIt's B2B business, Hands on Trade Private Limited (HOTPL), including warehousing and ancillary services, for Rs 60.7 crore.

Here are the key details of the acquisition:

The acquisition has had a significant positive impact on Blinkit's growth and valuation, with its valuation surging to $13 billion and becoming a dominant player in the quick commerce sector.

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In June 2022, Zomato acquired Blinkit in an all-stock deal worth $568 million.

The acquisition was approved by Zomato's board on June 24, 2022, and involved the purchase of equity shares from Blink Commerce Pvt Ltd shareholders, amounting to Rs 4,447.48 crore ($569 million).

Blinkit's earlier valuation of $1 billion underwent a 43% reduction as a result of the acquisition.

Zomato Hyperpure, the B2B arm of Zomato, acquired BlinkIt's B2B business, Hands on Trade Private Limited (HOTPL), including warehousing and ancillary services, for Rs 60.7 crore.

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Blinkit's valuation has since skyrocketed to an impressive $13 billion, according to Goldman Sachs.

Here are some key highlights of the acquisition and its impact on Blinkit's growth:

Blinkit's acquisition by Zomato has been a game-changer for the company, allowing it to tap into Zomato's vast resources and expertise.

The acquisition has enabled Blinkit to expand its offerings and reach a wider audience, contributing to its rapid growth and increased valuation.

Blinkit's journey began in 2013 under the name Grofers, founded by Albinder Dhindsa and Saurabh Kumar.

The company went through a rebranding in 2021, changing its name to Blinkit to emphasize its lightning-fast grocery delivery service.

In August 2022, Zomato acquired Blinkit in an all-stock deal worth ₹4,447 crore, marking a significant milestone in the company's history.

Zomato then renamed itself Eternal Limited in early 2025, solidifying its position as the legal owner of Blinkit.

As a result of this acquisition, Blinkit benefits from shared infrastructure and continuous funding, setting it up for long-term success.

Under Eternal's stewardship, Blinkit is poised to set new benchmarks in quick commerce, further solidifying its role in India's vibrant digital economy.

Here's a quick summary of Blinkit's ownership history: