Food tech giant Zomato contributed Rs 1,500 crore (about $178 million) in its fast commerce auxiliary, Blinkit, fair a month after closing its Rs 500 crore circular.

The board at Blinkit passed a special resolution to issue 7,612 value offers at an issue cost of Rs 19,70,181 each to raise Rs 1,500 crore (or $178 million), agreeing to an administrative recording gotten to from the Registrar of Companies (RoC).

This capital injection into Blinkit comes fair three months after Zomato raised Rs 8,500 crore through a Qualified Institutions Placement (QIP), essentially to fortify its money related position and empower trade development and key activities, especially within the fast commerce portion.

Amid the third quarter of the continuous monetary year, Zomato accomplished a momentous 64.4% year-on-year development in working income, coming to Rs 5,405 crore from Rs 3,288 crore in Q3 FY24. Be that as it may, benefits for the Gurugram-based company declined by 57.2% to Rs 59 crore amid the same period.

In Q3 FY25, Blinkit's income from operations surged over 117%, coming to Rs 1,399 crore from Rs 644 crore.

Final week, Zomato's arch-rival Swiggy imbued Rs 1,000 crore ($117 million) in its supply chain unit Scootsy Coordination's to boost its quick commerce arm Instamart.

Concurring to Citi's most recent report, Swiggy Instamart is trailing within the speedy commerce race as Zomato-owned Blinkit and Zepto capture bigger showcase offers in India's competitive quick delivery showcase, with Swiggy at 23% and Blinkit at 41%.