How to Get a Blinkit Franchise in India 2024: Investment Cost, Profit Margin, Requirements

In today’s article, we will be discussing a very important topic that has become more relevant nowadays. The E-commerce franchise business and the Company that we are going to discuss is known as “Blinkit (Formerly Grofers)”. Blinkit has partnered with neighborhood store owners and business owners to provide groceries and other necessities to the community. In this ever-evolving landscape of business, e-commerce has emerged as a powerful and transformative force. Traditional business models are giving way to online opportunities, and franchises are no exception to this trend. If you want to know How to Get a Blinkit Franchise in India along with the Investment Cost, Profit Margin, and other Requirements then keep on reading this blog post ahead.

About Blinkit Franchise 2024

Blinkit formerly Grofers, is an Indian instant delivery service. Known for its 10-minute delivery service it was founded in December 2013 and is based out of Gurgaon. It’s a business model that capitalizes on the internet’s vast reach to expand and scale operations. Customers of the company use a mobile application to order groceries and essentials online. According to the company, a million such orders are processed across 12 cities every week. The Blinkit Delivery model works in a way when an order is placed, it goes directly to the warehouse.

The staff reviews the item and only then proceeds with the packaging. The delivery staff picks up the order and makes the delivery. That is how the whole cycle works here. Zomato, a well-known food tech business purchased Blinkit a few years back. The two businesses were able to create strategic synergies that expanded Blinkit’s capabilities and reach. If you’re willing to invest in the Blinkit Franchise Model then before applying you should know the basic requirements to set up this business in 2024.

How to Get a Blinkit Franchise in India - Investment Cost, Profit Margin, Requirements

Blinkit Franchise Company Profile & Overview

Company Name Blinkit
Official Website https://blinkit.com/
Established Year 2013
Founder Name Albinder Dhindsa, Saurabh Kumar.
Area Served Pan India
Total Number of Franchise 200+
Type of Industry E-Commerce Retail
Total Revenue INR 644 Crore

Investment Cost to Set Up Blinkit Franchise

If you want to start a Blinkit Franchise please Refer to the details below:-

Franchise Online Grocery store
Company Name Blinkit.
Outlet Type Store Warehouse.
Area Requirement 1000- 2000 square feet.
Franchise Fees ₹5 lakhs (+18 GST)
Security Deposit ( Refundable) Rs 2 lakhs
Staff Required 3 to 5 personnel
Royalty Fees 3% on the Sales every month.
Total Investment including (Overhead Cost and other Miscellaneous expenses) INR 15 to 20 lacs.

Profit Margin of Blinkit Franchise Business Model

The Return on Investment (ROI) for a Blinkit Franchise is around 18 to 24 months. With Approximately 30% Profit margin earned by the Franchise. Blinkit follows a Pre pre-packet model wherein the partner will cater to the grocery delivery within the range of 5-10 km. Given the demand and rise in Online Shopping one can anticipate earning at least 20k to 50k per month With an average payback duration of 1-2 years for a unit franchise, the expected percentage return on investment is quite outstanding.

How to start a Blinkit Franchise Store in India?

Please check below the Application Process for the Blinkit Franchise Store in 2024;

  1. Navigate to the official website of Blinkit Franchise Program by clicking on the link here => https://blinkit.com/express
  2. Once you reach the webpage, please fill out the Franchise Enquiry Form on the right-hand side.
  3. Here enter your Name, Current Occupation, PIN code, and email ID then click on the ‘Continue’ tab.
  4. The concerned franchise manager of that region or the zonal manager will connect with you after the approval of your details.
  5. The Franchise Manager will then call you and visit your premises to understand the feasibility of a Blinkit franchise in that location.
  6. Once the person is satisfied, they share all the necessary details about setting up the franchise.
  7. The Blinkit franchise agreement is valid for 2 years. If you are eager to continue and if Blinkit is also satisfied with your performance, you can always apply for a renewal of the lease agreement.

Documents Required for setting up a Blinkit Franchise

  • Franchise Agreement
  • GST Registration.
  • ID Proof PAN Card, Electricity ration Cards, Voter Card.
  • Bank Details.
  • IT Returns the last 3 years and Bank Statements 6 months

Benefits of Applying Blinkit Franchise Store

  1. Quick Business Set-Up Process:- Once the Franchise Store is Approved and all the requirements are completed the franchise store will be set up within a week.
  2. Booming E-Commerce Industry:- Blinkit has certainly gained renown for disrupting the e-commerce industry with its 10-15 minute grocery delivery service. Given the rising trend of customers preferring to purchase groceries online, this is expected to further fuel growth for its business partners.
  3. Marketing and Operation Support:- Every franchise receives assistance from Blinkit about obtaining optimal efficiency as well as data analytics. Blinkit is unique in reviewing various business concepts put forth by franchisees to boost their sales and business turnover. Blinkit provides all ‘above the line marketing support to all its franchisees – this includes outdoor advertising, radio as well as television advertising.
  4. Proper supply chain:- The Blinkit Franchise Team ensures the proper availability of stock at every Store through their personalized software, making partners understand the demand in their locality. It will eventually allow the partner to order the most ordered item in advance thus helping in meeting the order in time.

Conclusion

Blinkit operates with a marketplace business model. It acts as an intermediary between customers and local bolt retailers. Blinkit is in collaboration with a variety of vendors and merchants. This allows a large number of products to be offered. The online grocery business continues to grow at a rapid speed. Blinkit, unlike Amazon and Flipkart, has set up offline stores as well.

One can place orders on their mobile application as well. Individuals are becoming increasingly dependent on online grocery purchases because of the convenience it offers. Blinkit has also expanded its product range to pet care, baby care, flowers as well as fruits. Owning a franchise operation of Blinkit indeed going to be a very positive decision.

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