Page 2 - Zepto

Zepto logs record 2 million daily orders, 40% higher than top rival

Zepto logs record 2 million daily orders, 40% higher than top rival

Qcom unicorn Zepto raises nearly $450 million at $7 billion valuation

Quick commerce unicorn Zepto secures $450 million in fresh funding at a $7-billion valuation, led by CalPERS, with existing investors Lightspeed, Avra, and Nexus participating

Quick commerce major Zepto raises $450 mn; valuation soars to $7 bn

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

Quick-commerce player Zepto builds $1 bn war chest to take on competition

Zepto is raising $450 million in a round led by Calpers at a $7 billion valuation, building a $1 billion war chest as quick commerce competition intensifies in India

Labour Ministry signs MoU with Zepto to accelerate job opportunities

The Labour & Employment Ministry on Wednesday inked an initial pact with quick commerce player Zepto for enhancing employment opportunities as well as youth employability on the National Career Service (NCS) portal, an official release said. The Memorandum of Understanding (MoU) was signed in the presence of Union Minister for Labour & Employment Mansukh Mandaviya here. Zepto will provide 10,000 job postings during the MoU duration, creating a predictable and structured pipeline of urban employment opportunities for youth, women, and first-time job seekers, according to the release. Over the past year, the Ministry of Labour & Employment has signed MoUs with several key organisations, including Amazon, Swiggy, Rapido and Quikr Jobs. These partnerships have already mobilised nearly five lakh vacancies on the NCS portal, strengthening employment opportunities for the youth. "The National Career Service (NCS) platform has emerged as a unique bridge between employers and ...

Zepto ties up with ClearTax to help delivery executives file ITRs

Quick commerce firm Zepto on Tuesday said it has partnered with ClearTax to offer income tax return filing services for its delivery workforce, enabling refunds worth over Rs 1.5 crore to date. As many as 49 per cent of Zepto's delivery partners opted to file ITRs via ClearTax this year, with a significant share comprising first-time filers using a WhatsApp-based, multilingual interface available round the clock, a company statement said. The initiative helps workers to file returns through a chat-led process on WhatsApp in over seven Indian languages with an AI-powered system pre-filling data, computing taxes, and guiding users through deductions and exemptions before electronic filing and instant confirmation, it added. The programme combines digital and on-ground support, including helpdesks at Zepto dark stores, webinars, and telephonic support by ClearTax experts. "Thousands of gig workers across India are missing out on tax refunds due to limited financial literacy. ClearTax'

Indian businesses on global scale returning home for stock market listing

A large number of Indian businesses working on a global scale are returning home for listing on Mumbai bourses, given that Indian stocks are among the best performers in the world, according to Singapore-based legal experts. Quick-commerce unicorn Zepto and fintech firm Pine Labs are among those that have shifted their holding company from Singapore to India, said experts at Rajah & Tann Singapore (R&T), one of the largest law firms that handled the two Indian-origin companies' move to Mumbai. "Indian stock exchanges are one of the best as valuations are extremely high," said Vikna Rajah in his market trend observation as co-head of R&T's South Asia desk. "The Indian stock market is one of the strongest stock markets in the world for value creation," Rajah told PTI earlier this week. "It is interesting to see prospering cross-border businesses and higher entrepreneurial spirits between Indian and global markets, especially in line with New Delhi's 'Act East' drive focused .

Delhi HC orders takedown of fake Zepto websites, social media accounts

Delhi High Court has restrained the misuse of Zepto's trademarks for scams, directs banks, social media, and telecom firms to freeze accounts, block domains, and share user details

Zepto enters real estate space with 10-min land investment option

Zepto has teamed up with The House of Abhinandan Lodha to make premium Vrindavan plots discoverable on its app, offering quick digital access to land investment opportunities

Chemists urge crackdown on instant online delivery of high-risk medicines

Chemists' body urges action against e-pharmacies, quick commerce apps for delivering high-risk drugs without checks, warning of rising misuse and youth addiction

Raksha Bandhan rush: Quick commerce platforms face demand overload

As online shoppers flocked to quick commerce platforms for Raksha Bandhan essentials, sales spiked but delivery delays, out-of-stock items, and store unavailability increased for Swiggy Instamart, Bli

Quick commerce firms tie up discounts, campaigns for Raksha Bandhan

From global diaspora orders to jeweller tie-ups, qcom players are pulling out all stops to meet last-minute Raksha Bandhan demand with offers, curated ranges, and campaigns

Zepto expands into online pharmacy, promises 10-minute medicine delivery

Quick commerce platform Zepto on Thursday announced its entry into the online pharmacy segment with the launch of 'Zepto Pharmacy', promising medicine delivery within 10 minutes in select metropolitan areas. The service has been rolled out in specific locations across Mumbai, Bengaluru, Delhi-NCR, and Hyderabad, Zepto Co-Founder and CEO Aadit Palicha said in a post on LinkedIn. The launch follows a 12-month pilot phase focused on refining operations, he said. "Today, we're formally announcing the launch of Zepto Pharmacy - Medicines delivered in 10 minutes! Over the past 12 months, the team has worked tirelessly to perfect the customer experience, supply chain, and compliance at a small scale, and we want to grow it steadily from here. Our objective is to keep operational standards extremely high and not scale too rapidly, given the complexity of this category," he wrote. The move marks Zepto's expansion beyond its core 10-minute grocery delivery model, placing it in competition wi

MapmyIndia picks strategic stake in Zepto at $5.8 bn pre-money value

Home-grown digital navigation firm MapmyInida has bought strategic stakes in quick commerce firm Zepto at a pre-money valuation of USD 5.8 billion, a top official of the map services company said. Pre-money valuation refers to an estimated valuation of an enterprise before receiving funds from investors. According to a regulatory filing by CE Info Systems, owner of MapmyIndia, the company intends to invest approximately Rs 25 crore for subscribing to 75,18,797 compulsorily convertible preference shares (CCPS) on fully diluted basis having face value of Rs 5 each at issue price of Rs 33.25 per CCPS. "We acquired shares in a secondary sale from a foreign investor of Zepto at a pre-money valuation of USD 5.8 billion. It is a strategic stake, and as per the agreement, Zepto will use our maps for navigation," MapmyIndia Chairman and Managing Director Rakesh Verma told PTI. With this investment, MapmyIndia will hold 0.0490 per cent stake in Zepto's share capital. According to the filing

Zepto FY25 revenue increases 149% to ₹11,110 crore ahead of IPO plans

The growth numbers came as Elcid Investments, a Mumbai-headquartered non-banking financial company, invested ₹ 7.5 crore in the firm as part of its ongoing funding round

Avendus Wealth-Hurun India Uth Series 2025: Zepto cofounders top the list

With 8 alumni featured, BITS Pilani leads all undergraduate institutions, followed by IIT Roorkee and IIT Delhi with 6 each

Swiggy, Blinkit, Zepto rate users and delivery workers: Here's how it works

India's quick-commerce industry expected to grow threefold between 2024 and 2027, touching an estimated ₹1.5 trillion-₹1.7 trillion

Q-comm orders soar to ₹64,000 cr in FY25, to touch ₹2 trillion by FY28

Indians ordered Rs 64,000 crore of goods from quick-commerce platforms like Blinkit and Instamart in FY25, more than double from the previous fiscal year's Rs 30,000 crore, a report said on Thursday. The gross order value (GOV) is estimated to grow more than three-times to touch Rs 2 lakh crore by FY28, the report by one of the arms of domestic rating agency, Careedge Ratings, said. The platforms pocketed revenue of Rs 10,500 crore from fees in FY25, which was huge growth from Rs 450 crore in FY22, the report said, adding that the revenues are expected to grow to Rs 34,500 crore by FY28. "This sharp increase is due to increased platform fees by major players, resulting in higher revenue realisation and a substantial increase in overall GOV," the report by Careedge Advisory said. Platforms are also shifting focus from hypergrowth to revive profitability, leveraging advertising, subscriptions, private labels, and tech-led inventory optimisation, it said. The 'take rate' which is the

Zepto set to raise $500 mn in new funding round, valuation to touch $7 bn

Zepto's $450-500 million funding round is likely to be led by General Catalyst and Avenir, with efforts to boost Indian ownership ahead of its IPO by attracting domestic investors

FSSAI warns e-comm players against non-compliance with food safety norms

The warning was given at a meeting chaired by the FSSAI CEO G Kamala Vardhana Rao with more than 70 representatives of leading e-commerce platforms