Blinkit
Q-commerceIndia
New to Unitard
🤝 Acquired
Peak $1 BillionToday
~-43%
from peak
- 🦄Became a unicorn2021
- 📈Peak valuation$1 Billion ’21
- 💔Became a Unitard2022
- 💸Last valuation~$570M
Current status
Zomato $568M (2022)
The rise & fall
6 moments · 2013–2022The key moments, with employee sentiment along the way.
2013
2013
Founded as Grofers
A Gurugram grocery-delivery startup, nearly a decade before the ten-minute-delivery craze.
TechCrunch
2021
2021
The peak: unicorn at last$1B
A 2021 round — with Zomato among the investors — lifts the grocery app past $1B.
TechCrunch
Dec 2021
Dec 2021
Grofers becomes Blinkit
A new name and an all-in bet on ten-minute delivery.
TechCrunch
2022
2022
Cash burn meets the funding winter
Ten-minute groceries burn money faster than a frozen venture market will replace it.
TechCrunch
2021–22
From the inside · Glassdoor reviews, 2021–22
Glassdoor reviews from that stretch described a loss-making business with strategy that kept shifting and little clear direction — and, as Grofers gave way to Blinkit and Zomato took over, a changing of the guard: longtime managers left while the fast-scaling, high-pressure pace intensified.
Aug 2022
Aug 2022
Acquired by Zomato for ~$568M
An all-stock rescue well below the peak ~$1B. Epilogue: under Zomato, Blinkit rebounds into a quick-commerce leader.
TechCrunch
💬 entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗; dated facts carry their source.
How it happened
Blinkit (formerly Grofers) was an Indian quick-commerce grocery delivery company that hit unicorn status in 2021. Facing steep cash burn and a funding crunch, it was acquired by Zomato for about $568 million in stock in 2022, well below its peak ~$1B valuation. Even so, the business rebounded strongly under Zomato/Eternal to become a quick-commerce leader.
Source: TechCrunch; Zomato acq. $568M all-stock, Aug 2022
Founders
- Saurabh Kumarco-founder (Grofers, 2013)No public profile matched
Current roles as self-reported on LinkedIn, retrieved 2026-08-19. See our methodology.
