Eternal injects Rs 450 crore into Blinkit via rights issue as quick commerce battle intensifies

As per filings sourced via The Kredible, Blinkit’s board approved the allotment of 2,799 equity shares to Eternal at an issue price of Rs 16,07,161 per share, raising Rs 450 crore in fresh capital.

The latest infusion marks the first capital injection into Blinkit in 2026 and follows a series of funding rounds last year as Eternal stepped up investments in the quick commerce arm to fuel expansion. In 2025, the company invested Rs 500 crore in January, Rs 1,500 crore in February and Rs 600 crore in November, taking the total capital infused during the year to Rs 2,600 crore, Moneycontrol reported earlier.

The funding is expected to support Blinkit’s expansion of dark stores, working capital requirements and operational expenses, as the company scales its quick commerce operations across more cities.