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Blinkit

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granted a US$ 150 million loan to Blinkit. Zomato had acquired a 10% stake in company the year prior. Following numerous discussions, on 24 June 2022, Zomato announced that it would acquire Blinkit for US$ 568 million in an all-stock deal. The acquisition was completed on 10 August 2022.
274:. A month later, in August 2021, it introduced 10-minute delivery in the top-12 cities, after completing over 20,000 under-15-minute deliveries per day across 10 cities. On 13 December 2021, Grofers changed its brand name to Blinkit in line with its vision to embrace 1024: 258:
during the late 2000s, they teamed up to enter the grocery delivery space. Their goal was to solve the problems (both on customer as well as merchant end) associated with the unorganized nature of the sector. The startup piloted in
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to order groceries and essentials online. Blinkit's employees then secure the items from their warehouse and deliver the items to the consumer within 10 minutes. By November 2021, the company was delivering 1.25
1406: 316:, where about half of the company's dark stores were located, went on a strike after a revision in payout structure resulted in lower earnings for them. This led to a temporary closure of many dark stores. 592: 1294: 1100: 1049: 643: 1355: 973: 747: 721: 294:
Blinkit primarily delivers groceries, fresh fruits, vegetables, meat, stationery, bakery items, personal care, baby care and pet care products, snacks, flowers, etc.
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In August 2021, the company's 10-minute delivery service faced criticism with concerns raised over the safety of delivery partners. CEO Albinder Dhindsa, in a
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In March 2022, Blinkit fired 1,600 employees and ground staff, nearly 5% of its total workforce, in an effort to cut burn rate. Following this,
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After seven years of operations as an online grocery delivery service, Blinkit introduced express grocery delivery in India, by building
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Blinkit is involved in the legal dispute for the name Blinkit. Grofers India had applied for the trademark on December 24, 2021.
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Blinkit was founded in December 2013 by Albinder Dhindsa and Saurabh Kumar as Grofers. Having met each other while working for
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orders every day. Blinkit currently operates in more than 30 cities in India. By the end of 2021, the company had raised about
1025:"After giving up on 90-minute delivery five years ago due to lack of profitability, Grofers is now chasing 10-minute delivery" 1830: 947: 1795: 566: 1152: 1825: 1485: 1322:"I want to chime in about the hate we are getting for delivering groceries in 10 minutes... https://t.co/RNhFvd6ojV" 1280: 799: 1407:"Zomato-owned Blinkit warehouse raided in Hyderabad: Company's response on these food safety violations reported" 260: 899: 215: 1721: 1178: 923:"[EXCLUSIVE] "We started with a room and couple of people", Grofers Lets Us In On Its Clockworks" 1254: 1677: 1584: 270:
across cities. In July 2021, the company reported delivering over 7000 groceries in 15 minutes in
1820: 309:, defended the mechanism behind express delivery and claimed that there had been zero accidents. 1749: 1574: 1478: 1382:"FSSAI discovers food safety violations at Blinkit warehouse in Telangana, action to be taken" 1699: 255: 1101:"Grofers rebrands to Blinkit in line with its 10-min grocery delivery plan; steps up hiring" 541:"Zomato Q4FY24 results: Blinkit nearly triples its revenue; plans to reach 1,000 store mark" 1764: 1325: 454: 440: 426: 412: 398: 384: 370: 224: 8: 1050:"Grofers puts on a new name, Blinkit, to show how the focus of its business is changing" 644:"Grofers puts on a new name, Blinkit, to show how the focus of its business is changing" 1769: 1569: 1534: 1471: 825: 1321: 851: 1759: 1356:"Blinkit strike: Why Zomato-owned company has shut down some Delhi-NCR Dark stores" 974:"Grofers Forays Into Instant Delivery, Delivers To 7,000 Households Within 15 Mins" 699: 232: 1744: 1604: 674: 332: 236: 593:"Big Basket rival Grofers rebrands itself as Blinkit with eye on quick commerce" 1694: 1636: 1589: 1539: 1519: 1494: 696:"Grofers has had a good run so far, aims at operational break-even by year end" 160: 1784: 1727: 1544: 1508: 134: 852:"Zomato acquires Blinkit for $ 568 million in instant-grocery delivery push" 1564: 1529: 1524: 1514: 803: 748:"We Are Delivering 1.25 Lakh Orders Every Day: Albinder Dhindsa Of Grofers" 1609: 1599: 948:"Explained: The q-commerce model, how your order is delivered in minutes" 336: 328: 28: 1434:"SoftBank, Tiger Global deliver $ 220 million in fresh funds to Grofers" 1594: 1579: 856: 777: 275: 267: 204: 57: 47: 1754: 1687: 1651: 324: 313: 1661: 1646: 1631: 228: 826:"How Grofers Is Battling Legal Notice That Was Served By Students" 774:"Indian Hyperlocal Delivery Startup Grofers Pulls Out Of 9 Cities" 619:"Grofers rebrands as Blinkit with quick commerce space heating up" 1463: 1341: 1000:"Online grocer Grofers sets sights on under 10-minute deliveries" 306: 271: 208: 99: 95: 875:"Zomato completes acquisition of quick commerce company Blinkit" 567:"Zomato Completes Acquisition of Quick-Commerce Startup Blinkit" 1641: 282: 243: 165: 1230:"Zomato to acquire Blinkit for ₹4,447 crore in all-stock deal" 1153:"Grofers rebrands to Blinkit as quick commerce space heats up" 1075:"Grofers renames itself Blinkit with eye on faster deliveries" 1682: 1656: 469: 320: 207:
service. It was founded in December 2013 and is based out of
193: 800:"Delivering groceries, Grofers bags big bucks from SoftBank" 671:"It's Grofers vs BigBasket in the grocery delivery app war" 246:
acquired Blinkit for US$ 568 million in an all-stock deal.
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Indian quick-commerce company Engaged in trademark dispute.
1456: 176: 1127:"Grofers rebrands as Blinkit, assures 10 minute delivery" 123: 312:
In April 2023, hundreds of Blinkit delivery partners in
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violations, including unhygienic storage and handling,
1295:"Grofers co-founder defends 10-min delivery service" 1179:"Tech in Asia - Connecting Asia's startup ecosystem" 1782: 1204:"Zomato to give $ 150 million loan to Blinkit" 1099: 1479: 1125: 900:"Grofers To Raise Over $ 5 Mn From SoftBank" 1073: 323:conducted a raid on a Blinkit warehouse in 1486: 1472: 823: 869: 867: 335:food products, and packets suspected of 1816:Internet properties established in 2013 1811:Transport companies established in 2013 1319: 845: 843: 797: 263:before reaching other cities in India. 1783: 1431: 997: 920: 616: 590: 488: 1467: 1332:from the original on 20 December 2021 1320:Dhindsa, Albinder (28 August 2021). 864: 849: 824:Saligrama, Anirudh (15 August 2016). 564: 227:630 million from investors including 1806:Retail companies established in 2013 1801:Indian companies established in 2013 840: 798:Ganguly, Paloma (26 November 2015). 1227: 771: 668: 617:Bhalla, Tarush (13 December 2021). 565:Rudra, Tapanjana (10 August 2022). 13: 1493: 516:"Grofers shifts base to Singapore" 14: 1847: 1836:Privately held companies of India 1448: 998:Bhalla, Tarush (23 August 2021). 772:Shu, Catherine (5 January 2016). 591:Sarkar, John (13 December 2021). 342: 190:Blinkit Commerce Private Limited 145: 144: 27: 1425: 1399: 1374: 1348: 1313: 1287: 1273: 1247: 1221: 1196: 1171: 1145: 1119: 1093: 1067: 1042: 1017: 991: 966: 940: 914: 892: 817: 791: 765: 740: 714: 489:Bhalla, Tarush (18 June 2021). 214:Customers of the company use a 1432:Bansal, Varsha (15 May 2019). 850:Singh, Manish (24 June 2022). 688: 662: 636: 610: 584: 558: 533: 508: 482: 1: 1791:2022 mergers and acquisitions 491:"Kumar steps back at Grofers" 475: 155:(US$ 280 million) (FY24) 1831:Softbank portfolio companies 1228:Rai, Joseph (24 June 2022). 297: 7: 1722:GungHo Online Entertainment 463: 289: 69:; 10 years ago 10: 1852: 1796:Companies based in Gurgaon 1281:"Drama is all in the name" 921:Ankita (8 February 2016). 669:Sen, Sunmy (23 May 2016). 249: 1826:Online retailers of India 1737: 1714: 1670: 1619: 1585:Fortress Investment Group 1560: 1553: 1501: 171: 159: 140: 130: 116: 106: 91: 81: 63: 53: 43: 35: 26: 927:HungryForever Food Blog 1750:Fukuoka SoftBank Hawks 1575:Brightstar Corporation 327:, uncovering multiple 356:Number of Investors 256:Cambridge Systematics 1765:SoftBank Vision Fund 1715:Affiliated companies 722:"10 minute delivery" 39:Grofers (2013–2021) 23: 1770:Sprint Corporation 1570:Aldebaran Robotics 1535:Shigenobu Nagamori 1411:The Times of India 1360:The Times of India 1255:"Albinder Dhindsa" 1208:The Economic Times 1183:www.techinasia.com 1159:. 13 December 2021 1133:. 13 December 2021 1107:. 13 December 2021 1081:. 14 December 2021 954:. 13 December 2021 952:The Indian Express 650:. 13 December 2021 597:The Times of India 520:The Times of India 319:In June 2024, the 216:mobile application 122:Albinder Dhindsa ( 67:December 2013 21: 1778: 1777: 1710: 1709: 461: 460: 353:Transaction Name 187: 186: 1843: 1760:SoftBank Capital 1738:Related articles 1558: 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Index


Subsidiary
Q-commerce
Gurgaon
Haryana
CEO
Online grocer
Parent
Zomato
www.blinkit.com
d/b/a
quick-commerce
Gurgaon
mobile application
lakh
US$
SoftBank
Tiger Global
Sequoia Capital
Zomato
Cambridge Systematics
Delhi NCR
dark stores
Gurgaon
quick-commerce
Zomato
tweet
Delhi NCR
FSSAI
Telangana

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