Page 5 - Zepto

Blinkit, Zepto hike commissions to boost revenue amid tough competition

Blinkit and Zepto are increasing commissions on sellers and brands to boost revenue amid fierce competition and rising costs, as both platforms push for profitability and market dominance

Zepto CEO Aadit Palicha counters Zomato's Deepinder Goyal on qcom cash burn

Goyal's statement is verifiably untrue, and it will be clear when we publicly file our financial statements, Palicha added

Zepto vs Zomato: Aadit Palicha refutes Deepinder Goyal's 'cash burn' claims

In a recent interview, Zomato founder Deepinder Goyal claimed that quick-commerce platform Zepto burned Rs 2,200-2,300 crore last quarter

Zepto Cafe reaches 100,000 daily orders, nears $100 mn GMV run-rate

Despite being a newer player, the current scale of Zepto Cafe is more than 10% of the size of some of the leading QSR chains in India

At $3.8 trillion, India's top 500 pvt cos value more than the country's GDP

NSE, Bharti Airtel storm into top 10 for the first time in Axis Bank's Burgundy Private and Hurun India list; Motilal Oswal Financial Services was the fastest-growing company, the report suggests.

What are Dark stores: Secret to quick commerce

Quick commerce platforms like Blinkit, Instamart, and Zepto have become household names, delivering groceries and essentials in record time.

Zepto Cafe hits 75,000 daily orders, marking a 50% month-on-month surge

Zepto Cafe has said it has surpassed 75,000 daily orders. The app was launched in December 2024

Flipkart ramps up quick commerce: 500 dark stores before 'Big Billion Days'

Flipkart is set to expand its quick commerce service 'Minutes', aiming for over 500 dark stores by 2025, positioning itself as a strong rival to Blinkit, Zepto, and Swiggy Instamart

Zepto world's second most downloaded app in food and drink category

Other Indian companies in the category were food and grocery delivery companies Zomato at number five and its competitor Swiggy at number nine, Zepto's rival Blinkit secured the tenth spot

Zepto introduces instant returns, exchange feature for select products

Zepto has introduced an instant return and exchange option on its app for categories like electronics, apparel, toys, sports, and kitchenware

Quick commerce unicorn Zepto completes reverse flip from Singapore to India

Sharing the update, Zepto co-founder and chief executive officer, Aadit Palicha, said the company has received formal approval from Singaporean courts and the National Company Law Tribunal (NCLT)

Zepto launches women-only dark store in Madambakkam area of Chennai

This initiative ensures that every order placed in the region is managed entirely by an all-women team, from picking to packing

Zepto set to raise IPO size to $800 mn-$1 bn, targets $5.5 bn sales by FY26

Zepto aims for 40 per cent domestic shareholding before its IPO; it is merging its Singapore parent with an Indian entity to relocate its domicile to India

Blinkit, Instamart, Zepto witness sharp GOV surge in quick commerce

The GOVs of all the quick commerce players have been growing strongly. In case of Zomato and Swiggy, the GOV growth has been faster than their food delivery business

Qcom player Zepto's annualised GOV trebles in 8 months to $3 billion

GOV represents the total value of all orders placed before any deductions for returns, cancellations, or discounts

Zepto gets NCLT approval to shift domicile back to India ahead of 2025 IPO

Zepto will not require a no-objection-certificate (NOC) from the Reserve Bank of India, the order read

Zepto sets up a new entity to streamline its operations ahead of IPO

In the second half of 2024, Zepto had picked investment banks like Goldman Sachs, Morgan Stanley, and Axis Capital as advisors for its IPO

New Year's Eve 2025: Blinkit, Zepto, Swiggy Instamart hit record orders

While Swiggy Instamart recorded its largest order of Rs 70,325 from a user in central Goa, Blinkit reported an order worth Rs 64,988 from a Kolkata user

Quick commerce will rival e-commerce majors Amazon, Flipkart: Zepto CEO

The quick commerce industry will reach a stage in 2025 where it will be comparable to traditional e-commerce giants like Amazon and Flipkart, Zepto co-founder and CEO Aadit Palicha has asserted. In a LinkedIn post on New Year's Eve, he said Zepto last year announced that 2024 will be the year people realise that quick commerce has the potential to create an Amazon/Flipkart level outcome in India and outlined three key forecasts for the new year. "In 2025, Quick Commerce will actually start hitting a scale where it will become comparable to e-commerce," he wrote. IPO-headed Zepto reported a 120 per cent increase in operating revenue to Rs 4,454 crore in FY24, surpassing competitors like Swiggy's Instamart and Zomato's Blinkit. Emphasising that success in quick commerce will hinge on "exceptional execution", Palicha said it will be challenging for every single player to deliver that level of execution. "In 2025, the fundamentals of Quick Commerce will evolve dramatically. The custom

New Year's Eve order frenzy: Ice cubes, condoms, chocolates among top items

Zepto CEO Aadit Palicha shared interesting insights on user orders via social media