MAM
Mobil celebrates the MotoGP Bharat by powering the Red Bull KTM Factory Racing team
Mumbai: Mobil is turbo-powering the Red Bull KTM Factory Racing team at the inaugural MotoGP Bharat, debuting at the Buddh International Circuit for the 2023 Grand Prix of India from 22 to 24 Sept 2023.
Celebrating the global partnership between ExxonMobil and the Red Bull KTM Factory Racing team, the adrenaline-pumping showdown by the two riders – Australian Jack Miller and South African Brad Binder for whom winning is next to second nature, having demonstrated their mettle and prowess in global circuits, will bear witness to the full-throttle performance of their KTM RC16 bikes.
The two riders will power their Grand Prix bikes with the performance and confidence assured by Mobil. They also shared their excitement with fans at a recent Mobil event held at Jaypee Greens, where Jack Miller launched the Mobil Super Moto10W-30.
With proven engine protection, longer engine life, and better fuel economy, the Mobil Super Moto10W-30 is just what everyday riders across the country need. Moreover, the product packaging will now feature the Red Bull KTM Factory Racing Team logo on its label.
The Mobil brands will also be prominently displayed on the bikes, rider overalls, garage, and team kit.
ExxonMobil Lubricants Pvt. Ltd. CEO Vipin Rana said: “We are further expanding our presence in the world of motorsports with the Red Bull KTM Family. In addition to our current successful partnership with the Oracle Red Bull racing team in Formula 1, we have also entered MotoGP through a multi-year deal with the Red Bull KTM Factory Racing Team. We look forward to being part of the team’s success through the supply of our cutting-edge Mobil lubricants and fuels to improve KTM’s performance. Racing provides Mobil the ultimate testing ground to improve motorcycle lubricant technology, giving confidence and trust to all bike enthusiasts”.
KTM Motorsports director Pit Beirer said, “This collaboration is important to us for a few reasons. ExxonMobil is a major name in the industry and motorsports with a big presence in racing and we know we will count on their premium lubricants for our Red Bull KTM RC16. They have a similar mentality to us when it comes to aiming for the top level and the best performance, and that also flows into our goals for the future where we really want to be part of this shift in MotoGP sustainability with race fuels. It´s a great privilege to represent Mobil Lubricants in the MotoGP competition.”
Brands
Eternal pumps Rs 450 crore into Blinkit as quick commerce race heats up
Fresh funds fuel Blinkit’s expansion as rivals Zepto and Instamart scale up
MUMBAI: Eternal has infused Rs 450 crore, into its quick commerce subsidiary Blinkit, marking its first capital injection into the company in 2026. The funding comes as competition in India’s fast-growing quick commerce market continues to intensify.
According to media reports, the capital infusion was approved by the board through a rights issue, with 2,799 equity shares allotted at an issue price of Rs 16,07,161 per share. The funds are expected to support Blinkit’s expansion, operational expenses and working capital needs as it scales operations across more cities.
The latest investment follows significant funding support from Eternal in 2025. The company invested Rs 500 crore in January, Rs 1,500 crore in February and Rs 600 crore in November, taking the total infusion last year to Rs 2,600 crore. The continued funding highlights Eternal’s focus on strengthening its quick commerce business.
Blinkit’s operations have grown rapidly alongside these investments. In the December quarter of FY25, the company reported revenue of Rs 1,399 crore, up from Rs 644 crore in the same period a year earlier. Gross order value also rose to Rs 7,798 crore during the quarter, reflecting strong demand for rapid delivery services.
However, profitability remains under pressure as the company continues to expand. Blinkit reported an adjusted ebitda loss of Rs 103 crore in the quarter, compared with a loss of Rs 8 crore in the previous quarter.
The funding comes at a time when competition in the quick commerce segment is increasing. Rival startup Zepto raised $450 million in October last year, while Swiggy raised around Rs 10,000 crore in December to strengthen investments in its quick commerce arm Instamart.
Earlier this year, Blinkit CEO Albinder Dhindsa was elevated to group CEO of Eternal, succeeding Deepinder Goyal, reflecting the growing strategic importance of the quick commerce business within the company.
