Blinkit incurs losses of over Rs 1,400 Cr in FY22, GMV remains unchanged

  • Blinkit rebranded from Grofers to enter the 10-minute grocery delivery space last year.
  • However, unit economics did not pan out and money in the bank ran short.
  • As a result, Blinkit was bought out by Zomato for $568 million in an all-stock deal with a 43% haircut.
  • In FY22, Blinkit’s losses crossed Rs 1,400 Cr, while its GMV remained flat.


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