Blinkit vs JioMart: Founders, CEOs and History
Blinkit was founded in 2013 by Albinder Dhindsa, Saurabh Kumar and is led by Albinder Dhindsa. JioMart was founded in 2019 by Mukesh Ambani and is led by Sandeep Varaganti.
Company facts
Founders
Blinkit
Albinder Dhindsa
Albinder Singh Dhindsa is the co-founder of Blinkit and, since February 1, 2026, Group CEO of its parent company Eternal Ltd, which also owns Zomato, District and Hyperpure.
Saurabh Kumar
Saurabh Kumar is the co-founder of Grofers, the grocery delivery startup that became Blinkit.
JioMart
Mukesh Ambani
Mukesh Ambani, Chairman and Managing Director of Reliance Industries, announced JioMart at Reliance's 2019 AGM as a way to connect Reliance Retail's supply chain with Jio's mobile users and India's neighbourhood kirana shops.
CEOs and their tenures
Blinkit
- Albinder Dhindsa2013–present
Co-Founder & CEO; Group CEO of Eternal since February 2026
Co-founded Grofers in 2013, led the 2021 rebuild into Blinkit, agreed the 2022 sale to Zomato, and grew the network from 526 stores in March 2024 to 2,443 by June 2026 before taking charge of the whole Eternal group.
Source - Saurabh Kumar2013–2021
Co-Founder
Saurabh Kumar co-founded Grofers in 2013 and was part of its leadership for almost eight years, through the funding boom, the 2016 layoffs and the move to company-run warehouses.
Source
JioMart
- Sandeep Varaganti
Chief Executive Officer, JioMart
Leads JioMart's marketplace and quick-commerce expansion; previously led grocery e-commerce operations at Flipkart and Walmart India.
Source - Isha Ambani
Leader, Reliance Retail Ventures
Presents Reliance Retail strategy at the AGM; in 2026 outlined JioMart's 3,100-store quick-commerce network and RCPL's ~$11.6 billion (₹1 lakh crore) FY30 target.
Source - Dinesh Taluja
Chief Financial Officer, Reliance Retail
Set out the FY27 plan to grow JioMart in micro-markets with positive economics and fund it from existing profits.
Source - Damodar Mall2019–present
CEO, Grocery Retail, Reliance Retail
Veteran retail leader directing farm-to-fork agricultural sourcing, supply chain logistics, and Reliance Smart store fulfillment.
Source - Mukesh Ambani2019–present
Chairman
Conceptualized the integration of massive physical grocery supply chains with digital commerce, establishing a formidable national competitor in Indian retail.
Source
Timeline: Blinkit and JioMart side by side
2013Blinkit
Company Founded as Grofers
Albinder Dhindsa and Saurabh Kumar launched a hyperlocal grocery delivery app in Gurugram.
2015Blinkit
$120 Million SoftBank-Led Round
Grofers raised its largest early round and acqui-hired SpoonJoy and Townrush in October.
2016Blinkit
Layoffs and Push for Break-Even
Grofers cut about 10% of staff and withdrew 67 campus offers as funding tightened.
2019JioMart
Pilot launch in Navi Mumbai, Kalyan and Thane
Reliance Retail began JioMart grocery ordering in three towns near Mumbai in December 2019.
2020JioMart
Meta invests in Jio; nationwide rollout
Facebook agreed to invest ~$5.05 billion (₹43,574 crore) in Jio Platforms in April; JioMart opened in about 200 cities in May.
2021Blinkit
Relaunch as Blinkit
After Zomato's $100 million investment and Saurabh Kumar's exit, Grofers became Blinkit in December.
2022Blinkit
Zomato Completes Acquisition
The ~$516 million (₹4,447 crore) all-stock deal closed and Blinkit was consolidated from August 10, 2022.
2022JioMart
End-to-end shopping on WhatsApp
At the 2022 AGM, Reliance and Meta launched JioMart browsing, cart and payment inside WhatsApp.
2023JioMart
Regulator clears Metro Cash & Carry India purchase
India's competition regulator approved Reliance Retail's purchase of Metro Cash & Carry India on March 14, 2023. The ~$331 million (₹2,850 crore) deal, signed in December 2022, covered 31 wholesale distribution centres for the retail group that runs JioMart.
2024Blinkit
Monthly Adjusted EBITDA Break-Even
Blinkit broke even on adjusted EBITDA in March 2024 with 526 stores.
2024Blinkit
Bistro Pilot in Gurugram
Blinkit launched Bistro, a separate app for snacks and meals delivered in minutes, in December 2024.
2024JioMart
Shift to hyperlocal quick delivery
JioMart began delivering grocery orders in about 30 minutes from nearby Reliance stores.
2025Blinkit
Blinkit Ambulance Launched
The first five Blinkit ambulances went into service in Gurugram on January 2, 2025.
2025Blinkit
Parent Becomes Eternal; 1,301 Stores
Zomato renamed itself Eternal Ltd in March 2025, when Blinkit's network reached 1,301 dark stores.
2025Blinkit
Switch to Owned Inventory
From September 1, 2025 Blinkit stopped operating as a marketplace and began buying and selling stock itself.
2025Blinkit
First Positive Quarterly Adjusted EBITDA
Blinkit earned ~$464,000 (₹4 crore) of adjusted EBITDA in the October-December 2025 quarter and ended it with 2,027 stores.
2026Blinkit
10-Minute Tagline Dropped; Dhindsa Becomes Group CEO
Blinkit removed its 10-minute claim in January, and Albinder Dhindsa took over as Eternal Group CEO on February 1.
2026Blinkit
₹37,779 Crore FY26 Revenue and 2,443 Stores
Blinkit closed FY26 with ~$4.38 billion (₹37,779 crore) of revenue and reached 2,443 stores by June 30, 2026.
2026JioMart
3,100+ stores and 5,100+ PIN codes
At the June 2026 AGM, JioMart's network spanned 1,200+ cities; daily orders were up 3.6x year-on-year.
Acquisitions
Blinkit
- Blinkit (Blink Commerce Pvt Ltd) acquired by Zomato2022$568M
- SpoonJoy2015Undisclosed
- Townrush2015Undisclosed
JioMart
- Dunzo (minority stake)2022$200M
- Milkbasket2021Undisclosed
- Netmeds2020$83M
Questions about Blinkit vs JioMart
Who is the CEO of Blinkit and JioMart?
Blinkit is led by Albinder Dhindsa and JioMart is led by Sandeep Varaganti. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was Blinkit founded vs JioMart?
Blinkit was founded in 2013 — 6 years before JioMart, which was founded in 2019. Blinkit's longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger JioMart.
Where are Blinkit and JioMart headquartered?
Both Blinkit and JioMart are headquartered in India, meaning they operate under the same primary regulatory and tax environment.
Who founded Blinkit and JioMart?
Blinkit was founded by Albinder Dhindsa, Saurabh Kumar. JioMart was founded by Mukesh Ambani.
Which company has a longer operating history — Blinkit or JioMart?
Blinkit has been operating for approximately 13 years, making it the more established of the two companies. JioMart has been in operation for around 7 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Blinkit vs JioMart overview