Zomato’s Quick Commerce Business Blinkit Set for Rapid Expansion and Dominance

Indian food delivery company Zomato (NSE: ZOMATO) has experienced accelerated growth in its quick commerce business, Blinkit, over the past few years. Fueled by the quick commerce boom, Zomato has been heavily investing in Blinkit as competition intensifies with peers like Swiggy’s Instamart and Zepto. Zomato plans to rapidly expand its quick commerce dark stores in key metropolitan cities in India to penetrate underserved markets and strengthen its presence. Dark stores are small warehouses strategically located in urban areas with limited inventory for rapid delivery. Visible Alpha consensus estimates project the number of Blinkit’s dark stores to grow from 526 in fiscal 2024 to 886 by the end of 2025, a 69% year-over-year increase.

Quick commerce revenue is also expected to continue its strong growth, with estimated revenue reaching ₹45.6 billion in 2025, up 98% from the previous year. While Zomato’s other segments, including its primary food delivery segment, B2B supplies, and the going-out segment, are expected to see robust growth during the forecast period, growth in quick commerce is expected to be much stronger. Blinkit is also estimated to turn adjusted EBITDA positive in fiscal year 2025, with the platform expected to clock ₹1.2 billion in adjusted EBITDA. According to Visible Alpha consensus, by 2029, Blinkit is projected to become Zomato’s largest segment by revenue, generating ₹161 billion, compared to the ₹153 billion expected from Zomato’s food delivery segment.