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Blinkit expansion comes with steep costs for Zomato, hurts bottom line

  • Zomato's quick commerce arm, Blinkit, has seen significant growth, with the addition of 152 stores and seven warehouses.
  • Gross order value per day per store has decreased, affecting Zomato's bottom line profitability.
  • Total expenses increased by 57.3% due to higher inventory costs and expenses associated with stock in trade.
  • Zomato plans to raise up to Rs 8,500 crore through qualified institutional placements.

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