New Delhi: Zomato on Monday said that its quick commerce business Blinkit turned adjusted EBITDA positive in March, as the online food delivery platform clocked Rs 194 crore in adjusted EBITDA for the January-March quarter of FY24.

The consolidated adjusted EBITDA improved by Rs 369 crore as compared to the same quarter last year.

The adjusted revenue was Rs 3,873 crore, a 61 per cent growth (year-on-year) for the quarter, as food gross order delivery (GOV) grew 28 per cent (on-year), the company said in a statement.

"We could not have imagined the current state of all four of our businesses – food delivery, Blinkit, Going-out and Hyperpure. I think the team has executed phenomenally well over the last couple of years," said Deepinder Goyal, Founder and CEO, Zomato.

The company added 75 new stores in the fourth quarter of FY24, taking the total store count to 526.

Zomato aims to reach 1,000 Blinkit stores by the end of FY25.

(IANS)