Blinkit to raise $100 mn next week as part of larger funding round

Delay in quick commerce company's fundraise due to choppy public markets

Quick commerce company Blinkit (formerly Grofers) is raising up to $100 million in funding by next week as part of a larger $400 million fundraise, according to sources close to the developments.

“We have been in talks with investors for this round for some time but it has been taking time because of the conditions in the public market. The business is doing well and we are delivering more than a million orders a week currently,” said a source in the know who does not want to be named.

According to media reports, the fundraise will include a debt financing