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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…
