Blinkit has reported an adjusted EBITDA loss of Rs 103 crore for the October-December 2024 period, a substantial increase from a loss of Rs 8 crore in the previous quarter and Rs 89 crore in the same quarter last year. Despite the financial setback, the company has successfully exceeded its target of 1,000 dark stores, achieving this milestone one quarter ahead of schedule. Blinkit added 368 dark stores in the last two quarters, bringing its total to over 1,000, and is now aiming for 2,000 dark stores by December 2025, which is one year ahead of its previous guidance. The firm’s annualized Gross Order Value (GOV) based on Q3 figures is estimated at $3.6 billion. The increase in losses has been attributed to Blinkit's decision to accelerate investments in growth amid a competitive landscape in the quick commerce sector, particularly against rivals like Zepto. This strategic shift has led to expectations of continued losses as the company prioritizes expansion over profitability.