Zomato Hyperpure Rents Warehouse in Lodha Industrial Park with more than 250k Sq/ft

Nitin Konde, Varun Bhardwaj

Jan 17, 2025 — 2 min read

Zomato Hyperpure Leases 250k Sq/ft Warehouse at Lodha Industrial Park

A warehouse space totalling 253,421 square feet has been leased by Zomato Hyperpure. The warehouse is situated in Palava, which is a part of the Mumbai metropolitan area (MMR), near Lodha Industrial and Logistics Park. The lease will begin on February 15, 2025, and last for five years.

The facility would be rented for more than INR 85.3 lakh per month by Zomato Hyperpure, a business-to-business (B2B) platform for kitchen solutions established by the restaurant aggregator Zomato, with a 5% annual rent increase. The rent will increase to INR 1.04 crore per month by the fifth year. A four-month rent security deposit has already been given by the business.

Further Financial Transactions of the Deal

Propstack, a provider of real estate data, analytics, and workflow solutions, submitted the registration documents. The transaction was filed with the Ulhasnagar sub-registrar's office in Thane, incurring a stamp duty of INR 14.73 lakh and a registration charge of INR 1,000.

Over 6.5 million square feet of warehouse and industrial parks are presently being developed by the Lodha Industrial and Logistics Park (LILP) throughout the Delhi National Capital Region (NCR), Chennai, and MMR. In the upcoming five years, it intends to greatly expand its business.

Operations of Hyperpure

Through Hyperpure, Zomato provides restaurants with groceries, fruits, and vegetables. Over the last few quarters, the B2B industry has been growing steadily. Revenue for Hyperpure nearly doubled to INR 1,473 Cr in Q2 FY25 from INR 745 Cr in Q2 FY24. Hyperpure introduced the "Express" delivery service in November 2024, which allows things to be delivered between 30 minutes and 4 hours. Prior to that, Zomato also announced that it would establish a processing facility to supply Hyperpure's restaurant partners with value-added food supplies, such as sauces, spreads, and pre-cut and semi-finished perishable goods. The most recent development occurs over a month after the foodtech major used a qualified institutional placement (QIP) to raise INR 8,500 Cr, or over $1 billion. The company stated in its QIP filing that it will spend roughly INR 2,137 Cr from the issuance to set up and operate the warehouses for Hyperpure and the dark stores for its rapid commerce arm, Blinkit.

Zomato Going Beyond Food Delivery

According to the official document, Zomato's capacity to expand its network of warehouses and dark stores in important areas is essential for the company's growth in its B2B Supplies (Hyperpure) and rapid commerce sectors. Zomato has been launching a lot of new products for its other verticals, such as rapid commerce and meal delivery. The startup formally announced last week that Blinkit's 10-minute meal delivery app, Bistro, had launched. Additionally, Zomato introduced a new 15-minute food delivery service in select areas of Delhi NCR.