Blinkit CEO, Albinder Dhindsa, stated that the company is not worried about new competitors entering the quick commerce market and believes there is enough space for everyone.
Blinkit will continue to focus on providing customers with a service they didn't know they needed.
Zomato, Blinkit's parent company, plans to raise funds through equity shares via qualified institutional placement to further fuel its quick commerce vertical.
Blinkit aims to increase its total dark store count to 2,000 by the end of 2026, requiring significant capital to scale up amidst rising competition.