Hyperpure will utilise the 2,53,000 sq ft warehousing facility at Lodha Industrial and Logistics Park in Palava for a period of five years
Zomato paid a security deposit equal to four months of rent at the time of signing the lease agreement in December 2024
Zomato’s B2B business has been on a steady growth path over the past few quarters, and saw its revenue nearly double year-on-year to INR 1,473 Cr in Q2 FY25
Foodtech major Zomato
has reportedly signed a lease with the Lodha Group for an over 2.5 Lakh sq ft warehousing facility near Mumbai for its B2B supply chain arm Hyperpure.
According to a report by ET, Hyperpure will utilise the 2,53,000 sq ft warehousing facility at Lodha Industrial and Logistics Park in Palava for a period of five years.
The lease will cost the foodtech major INR 85 Lakh per month, with an annual escalation of 5%. The lease is expected to begin on February 15.
The report added that Zomato paid a security deposit equal to four months of rent at the time of signing the lease agreement in December 2024.
Zomato supplies fruits, vegetables, groceries to restaurants via Hyperpure. The B2B business has been on a steady growth path over the past few quarters. In Q2 FY25, Hyperpure saw its revenue nearly double to INR 1,473 Cr from INR 745 Cr in Q2 FY24.
In November 2024, Hyperpure launched ‘Express’ delivery service to deliver products in 30 minutes to 4 hours. Prior to that, Zomato also said that it would set up a processing plant to provide value-added food supplies, including sauces, spreads, pre-cut and semi-finished perishable products, to Hyperpure’s restaurant partners.
The latest development comes more than a month after the foodtech major raised INR 8,500 Cr (around $1 Bn) through a qualified institutional placement (QIP). In its QIP document, the company mentioned that it will utilise about INR 2,137 Cr from the issue towards setting up and running operations of its quick commerce arm Blinkit’s dark stores and Hyperpure’s warehouses.
“Our ability to grow our quick commerce and B2B Supplies (Hyperpure) businesses depend in part on our ability to grow our network of dark stores and warehouses, respectively, in strategic locations,” according to the document.
Zomato has been on a spree of new launches for its other verticals – food delivery and quick commerce – as well. Last week, the company officially announced the launch of Blinkit’s 10-minute food delivery app Bistro. Besides, Zomato also launched a different 15-minute food delivery service in parts of Delhi NCR.
Shares of Zomato ended Wednesday’s trading session 4.36% higher at INR 244 on the BSE.
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