Page 8 - Zepto

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

LinkedIn's top Indian startups 2024: Zepto leads as India's newest unicorn

According to a report by Global Data, Indian startups raised around $7.5 billion in venture capital funding from January to August 2024 alone

Zepto partners with US Polo Assn for 10-minute premium fashion delivery

US Polo Assn's collection is now live on Zepto, featuring a curated selection of classic polos and casualwear, allowing users to enjoy iconic fashion delivered within minutes

Ecommerce festive sales to reach $12 billion, quick commerce gains ground

Quick commerce, the burgeoning segment that promises rapid deliveries, is set to contribute $1 billion in gross merchandise value (GMV) to the festive sales

Ganesh Chaturthi expected to bring Rs 25,000 crore business: Industry body

Ganesh Chaturthi is projected to generate Rs 25,000 crore this year, with businesses favouring domestic goods, and a push for eco-friendly clay idols

Zepto set to enter buy now, pay later segment with 'Zepto Postpaid'

Rival firms like Zomato-owned Blinkit already offer BNPL services to their customers through partnerships with players like LazyPay and Simpl

Large funding rounds over $100 million see resurgence among Indian startups

Investors focus on profitable growth as late-stage deals rebound in 2024

Zepto adds $340 million to basket; valuation at $5 billion ahead of IPO

General Catalyst, Dragon Fund, Epiq Capital led the round

Bachchan family office joins quick commerce frenzy with Swiggy stake

Swiggy deals in online food delivery and quick grocery delivery services segment. The development comes amid heightened investor interest in the industry, due to high demand for such services

10-minute delivery to become BigBasket's default option: CEO Hari Menon

This is much higher than Blinkit's 25,000 SKUs and Zepto's 10,000 SKUs. Zepto has stated that it intends to increase SKUs on its platform to 20,000 before the festive season begins

BigBasket embraces quick commerce, set to rival Blinkit, Zepto, Swiggy

BigBasket's strategy involves the deployment of 500-600 dark stores nationwide, which will work alongside its large warehouses

Qcom goes international to cash in on last-minute Raksha Bandhan gifting

Blinkit and Zepto are expanding their operations and offering consumers chances to win cars, iPhones, TVs, luxurious overseas stays

Zepto raises $340 mn in Series G funding, valuation shoots to $5 bn

Of the $340 million that Zepto received, $250 million came from General Catalyst, $50 million from Mars Growth, and the remaining amount was fetched from existing investors

Zepto to raise $310 million, valuing quick-commerce firm at $5 billion

Quick-commerce grocery delivery platform Zepto, currently based in Singapore, plans to relocate to India to prepare for its IPO filing

Quick commerce unicorn Zepto to shift base from Mumbai to Bengaluru

The company will continue to have an office in Mumbai, but its operations will largely be carried out through the new space in Bengaluru

Zepto to shift headquarters to Bengaluru, mandates employees to relocate

Zepto is planning to shift its headquarters from Mumbai's Powai to Bengaluru's Sarjapur, and has mandated all its employees to relocate to Bengaluru by the end of November or early December