Page 7 - Zepto

Quick commerce major Zepto is India's most funded startup in 3 years

IPO-bound company has raised $1.35 billion in 2024

Zepto raises $350 million at flat $5 billion valuation ahead of IPO

Indian HNIs, family offices, and leading financial institutions took part in latest funding round

Zepto expands cafe service to major cities; eyes Rs 1k cr revenue run-rate

Quick commerce platform Zepto on Monday said announced the rollout of its cafe service in major cities and said it targets a revenue run-rate of Rs 1,000 crore by 2026. It will serve through over 120 Cafes at stores across Mumbai, Delhi, Bengaluru, and soon in Hyderabad, Chennai, and Pune, a company statement said. "We have cracked 10-minute delivery with high-quality food preparation processes, which is why we are seeing strong customer love. Over the past year, our team has meticulously researched and sourced state-of-the-art equipment for our cafes, including coffee machines that employ handcrafted brewing techniques," Zepto CEO Aadit Palicha said. Serving the concept of a quick meal for today's fast-paced urban lifestyle, the online cafe features a diverse menu with over 148 items, including freshly brewed chai, coffee, all-day breakfast, pastries, and savoury snacks, promising a 10-minute delivery service, it added. Zepto Cafe was launched in April 2022 as a division of Zepto,

Zepto to raise $300 mn, doubling initial target amid quick commerce battle

The funding round, oversubscribed by prominent investors, will include top Indian family offices and ultra-high net worth individuals

Quick commerce boom: Industry giants race to claim their slice of the pie

India's quick commerce sector has seen an astonishing growth rate, with sales increasing by more than 280 per cent over the past two years

BigBasket, Blinkit, Swiggy deliver gold, silver in 10 min this Dhanteras

Dhanteras 2024: Quick commerce platforms are offering 10-min delivery of gold from major jewellers including Tanishq and Malabar amid the festive rush

Here's why a lot can go wrong when everything arrives in just 10 minutes

To have at least half a dozen options for quick commerce is a good thing in an economy where concentration of large monopolies and duopolies is on the rise

Quick commerce race tightens as Tata set to enter market with Neu Flash

For grocery deliveries, Neu Flash will utilise BigBasket while Croma will provide electronics and mobile phones, and Tata Cliq will manage fashion and lifestyle products

Diwali: Zepto collaborates with over 500 artisans to promote local products

Zepto outlined its project of working with 50 families from the Prajapati clan, a community of Kumhars (potters), to support their livelihood, which largely depends on festivals like Diwali

VC in India funding up 50% in Q1-Q3 2024 on increased big-ticket deals

A total of 883 deals were announced between January and September 2024, marking a 7.3 per cent rise in deal volume compared to the same period in 2023

FMCG distributors body allege predatory pricing by Blinkit, Swiggy, Zepto

Retail distributors' body AICPDF has accused some quick commerce platforms of engaging in predatory pricing that leads to unfair competition with small retailers. The CCI will investigate the complain

Passion over profit drives Zepto's $5 bn success, says founder Palicha

A passion for building a transformative company, rather than a mere pursuit of wealth, is what drove the success for Zepto-- the company with a market valuation of USD 5 billion, co-founder and CEO Aadit Palicha said on Monday. Speaking at the NDTV World Summit, the 22-year-old entrepreneur said that despite working 80-100 hours a week, the Zepto team is fuelled by excitement about the platform they are building, not financial gain. "We love what we're building, we work like crazy, we just are genuinely so excited about what we're building. It's not really about money or personal wealth, because candidly, working 80-100 hours a week, we could have probably worked half of that with a lot less stress... "At a certain point, money becomes inconsequential," Palicha, who is a Stanford University dropout, said. He pointed out that while many global internet companies have scaled to valuations in tens of billions, India is yet to see similar outcomes. Highlighting the stark contrast betw

Zepto in talks to raise $100-150 mn from domestic investors ahead of IPO

In the past 14 months, Zepto has raised over $1.2 billion in funding to strengthen its balance sheet for its stock market debut, expected sometime next year

Bengaluru woman slams Zepto for push notification calling her 'Cutie'

Zepto does it again: Concerning professionalism and women's safety in marketing communications, a Bengaluru lady lashed at Zepto for calling her "cutie" in a promotional message

Zepto looks to raise $100 million, marking third funding round in 6 months

Quick commerce startup Zepto is seeking funding from domestic sources, including Indian family offices and high-net-worth individuals, as it prepares for its upcoming IPO

Blinkit rolls out 10-min return service for clothes, footwear in key cities

The new service is launched in Mumbai, Bengaluru, Hyderabad, and Pune; company plans to add more cities soon

Cut-throat competition forces Blinkit to revise 'zero notice' policy

Facing pressure from rivals such as Zepto, Flipkart, and Swiggy, which are aggressively competing to attract and retain top talent, Blinkit has extended its notice period policy from zero to 2 months

Zepto sells over 100,000 dandiya sticks during the Navratri festival

With Navratri festivities drawing to a close, quick commerce firm Zepto co-founder and CEO Aadit Palicha took to LinkedIn to inform that the platform sold over 1 Lakh dandiya sticks during the season. "What a day! Closing out Navratri 2024 with a grateful heart, seeing the beauty of India's diversity through our users, sellers, brands, and every Zeptonian, who made it all happen. From essentials to festive picks, thank you for making us part of India's celebrations across nine incredible days," he wrote on LinkedIn. Through graphics, he shared that the Mumbai-headquartered firm sold 1,00,000 plus dandiya sticks during the season. He further said sales for fasting-friendly chips, Kattu and Rajgira atta, grew significantly compared to last year's Navratri sales. Palicha also shared how Zepto's dark stores indulged in Navratri festivities across the country. In Coimbatore, Kochi, Chennai, and Bangalore, the stores celebrated Ayudha Puja, honouring tools and equipment. The Bhawanipore

60% of unicorn founders in India are first time founders, says study

29% founder took two attempts to build their first Unicorn

BigBasket, Urban Company lead in fair pay; most platforms fall short

Booming gig economy, dismal pay: Fairwork report reveals only two out of 11 major online platforms ensure their workers earn at least the local minimum wage after deducting work-related expenses