Latest News, Updates & Breaking Headlines
A new label is doing the rounds in India’s startup circles: BARBIEs, short for Bachelors Abroad Returning to Build in the Indian Ecosystem. A viral post shared by Anshul and Anmol on X put the spotlight on this niche but growing group of Indians who study abroad for their undergraduate degree and then come back…
Walmart-owned Flipkart, Swiggy and IPO-bound Zepto have stopped promoting their grocery businesses as “10-minute” delivery services following a government intervention prompted by road safety concerns, according to a Reuters report.The move comes after the labour ministry, at a private meeting on Saturday, asked some companies to discontinue the “10-minute” branding amid concerns over rash driving…
Eternal-owned quick commerce platform Blinkit has removed its long-promoted “10-minute delivery” claim from all platforms, amid growing concerns over the safety and welfare of delivery workers.According to news agency PTI, the company has revised its tagline from “10,000+ products delivered in 10 minutes” to “30,000+ products delivered at your doorstep”, signalling a shift away from…
MUMBAI: Zepto has filed draft IPO papers seeking to raise up to Rs 11,000 crore (around $1.2 billion) with markets regulator Securities and Exchange Board of India (SEBI) through the confidential route, people aware of the matter said.The bulk of the IPO, it is understood, will be a fresh issue of shares. A clutch of…
NEW DELHI: Popular quick e-commerce firm Zepto filed its preliminary papers on Saturday with Securities Exchange Board of India (Sebi), aiming to raise Rs 11,000 crore via initial public offering (IPO).The company, founded by Stanford university dropouts, is using a confidential route for its stock market debut planned for next year, according to officials cited…
Zepto to pre-file DRHP, targets 2026 listing NEW DELHI: Quick commerce unicorn Zepto is set to pre-file its draft red herring prospectus (DRHP) with market regulator Sebi on Friday through a confidential route, as it targets a stock market listing sometime next year, according to sources. The move positions Zepto to become one of the…
NEW DELHI: Quick commerce unicorn Zepto is set to pre-file its draft red herring prospectus (DRHP) with market regulator Sebi on Friday through a confidential route, as it targets a stock market listing sometime next year, according to sources.The move positions Zepto to become one of the youngest startups to list on Indian stock exchanges.If…
Swiggy Instamart (representative image) Food delivery major Swiggy has firmly rejected recent media reports suggesting its quick-commerce arm, Instamart, has lost significant market share to rival Zepto. In a strongly worded disclosure filed with the stock exchanges on Thursday, November 27, the company termed the claims as “baseless and unreliable.” The clarification comes in response…
Quick commerce startup Zepto has removed around 300 employees from its payroll as part of a cost efficiency drive, transferring them to third-party service providers while maintaining productivity levels. CEO Aadit Palicha addressed employees in a town hall meeting following the company’s $450 million fundraise, emphasizing the journey from being the seventh player to becoming…
Mumbai: Zepto has raised $450 million in a pre-IPO funding round led by US pension fund Calpers at a valuation of $7 billion. Its valuation has jumped about 40% from $5 billion just over a year ago.At $7 billion, Zepto ranks among the country’s most valued startups such as Razorpay, and IPO-bound Groww, which are…
