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As brutal heatwaves sweep across large parts of India, pushing temperatures well above 40 degrees Celsius, the spotlight has once again turned to the millions of gig workers who form the backbone of the country's booming e-commerce and quick-commerce sectors. For delivery partners navigating congested city traffic on two-wheelers, the summer months bring a heightened risk of severe dehydration, heat exhaustion, and heatstroke. Bound by algorithmic targets and the pressure of rapid delivery windows, these workers often spend peak afternoon hours exposed to extreme weather conditions, with little to no access to clean drinking water or shaded resting spots on their routes. Facing mounting scrutiny over the occupational hazards associated with the gig economy, major food delivery, quick commerce, and e-commerce platforms are now rolling out a slew of mitigation measures. From specialised cooling gear to air-conditioned rest hubs, companies are attempting to buffer their frontline ...
Quick commerce major Zepto on Thursday said that it has raised USD 450 million (about Rs 3,757.5 crore) in a funding round led by the California Public Employees' Retirement System (CalPERS) at a valuation of USD 7 billion. The funding comes nearly a year after its USD 350 million funding round in November last year, which valued the firm at USD 5 billion. We've closed nearly USD 450 million, and most of that is primary. The valuation of the company was USD 7 billion by the time it closed. A couple of investors participated, but the largest cheque individually came from CalPERSWe are considering it a pre-IPO round, and we are hoping to file our IPO soon. We now have approximately USD 900 million of net cash in the bank and are more than well-capitalised for the future, Zepto CEO and Co-Founder Aadit Palicha told PTI. As the firm heads towards public listing, Palicha said domestic ownership within the company will soon increase to 40 per cent in a few weeks, from the current 12 per