Blinkit

Blinkit, formerly known as Grofers, is India's #1 instant commerce platform pioneering the 10 minute delivery model in India and intend to take it across the country by the end of 2022.

Blinkit offers a wide assortment of groceries, fruits & vegetables, cosmetics, electronics, bakery items, pet care products and much more.

Blinkit was founded in December 2013 by Albinder Dhindsa and Saurabh Kumarand. The company is based in Gurgaon, Harayana, India.

 

Blinkit has become a platform that brings together the consumers looking for everyday essentials, partners that are serving their needs and manufacturers looking for a conduit to the consumers. All of this happens through their proprietary technology stack.

 

Blinkit has an on-ground workforce of 30,000 and has opened 450 new warehouses and dark stores to scale its quick commerce plans. The company has taken tough calls, such as shutting 40 of its warehouses, to streamline operations.

 

Blinkit has over 10 million Indians shoping on its platform for everything from grocery staples and vegetables to emergency supplies and electronics. The company currently delivers over 1,50,000 orders everyday.

 

Blinkit is backed by SoftBank, Tiger Global, Sequoia Capital, Zomato, and others. The company raised $100M financing on Mar 10, 2022. This brings Blinkit's total funding to $772.4M to date. The latest investment valued the company at a $1.5B post-money. Blinkit was last valued at over $1B from a funding raised in Aug 2021.

 

 

  • Year founded: 2013
  • Funding Info: $762.4M over 11 Rounds (Latest Funding Type: Convertible Note)
  • Yearly Revenue: 22.89 billion INR (US$300 million, 2020)
  • Employee Size: 1,001-5,000
  • Business Valuation: Valued at over $1.5B as of Mar 10, 2022
  • City/Town: Gurgaon
  • State: Haryana
  • Country: India
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