Top Section
Explore Business Standard
Don’t miss the latest developments in business and finance.
Zepto co-founder Aadit Palicha on Wednesday said the quick commerce platform's cafe offering, Zepto Cafe, will be launched as a separate app next week. In a post on social networking platform LinkedIn, the young entrepreneur highlighted the rapid scaling of the cafe service which has motivated the separate offering. "We're launching a separate app for Zepto Cafe next week! The team is shipping an MVP (minimum viable product) and iterating quickly, so it may not be perfect on Day 1, but it's worth it to launch fast :D "Zepto Cafe is scaling rapidly; we're launching 100+ cafes a month and already clocking 30K+ orders/day," Palicha wrote on LinkedIn. Zepto Cafe was launched in April 2022 as a division of Zepto, which itself was founded in July 2021 by Aadit Palicha and Kaivalya Vohra. Last month, Zepto announced the expansion of its cafe service to major cities through more than 120 cafes at stores across Mumbai, Delhi and Bengaluru, and soon in Hyderabad, Chennai, and Pune. "The ..
Zepto's HR head Martin Dinesh Gomez has resigned, following which the company has reoriented the function as Chief Culture Officer and named Chandan Mendiratta for the post. Gomez has put in his papers in September and is serving his notice period in the firm, a company spokesperson told PTI. Mendiratta, Chief Brand Officer at Zepto, will now take on HR function and operational responsibility as the Chief Culture Officer, the spokesperson said. He will be responsible for employer engagement and branding. The spokesperson denied media reports of company co-founder Aadit Palicha taking over the HR role. Before Zepto, Gomez was associated with Amazon for over 11 years. He has also worked with Sapient, Accenture, Microsoft and Thomson Reuters. The Mumbai-based firm secured USD 350 million in funding in November, which included investments from Indian HNIs, family offices, and leading financial institutions. Earlier this month, Palicha, in an interview with PTI, exuded optimism about
This initiative marks Amazon's first venture into offering a 15-minute delivery service globally; the initial rollout will include 1,000-2,000 products
Zepto CEO Aadit Palicha mocks work-life balance amid viral Reddit claim of toxic culture, as he responds to backlash over 2 am meetings and long hours in the tech industry
India's snack scene is evolving rapidly, blending timeless favourites with new flavours. From Mumbai's samosas with garlic bread to Bangalore's adrak chai, it's a remix of traditions
While announcing its September quarter results, management at Swiggy said its growth strategy for Instamart is based on hyperlocal expansion
Flipkart to launch 10-minute medicine delivery under its 'Flipkart Minutes' service, partnering with local chemists to tap into quick commerce and expand its online pharmacy footprint
Fresh out of bumper USD 350 million funding this time from marquee domestic investors, quick commerce company Zepto says it is on a clear path to becoming a full Indian-owned entity and hitting PAT positive milestone, as co-founder and CEO Aadit Palicha exudes optimism about a possible IPO in 2025. In an interview with PTI, Palicha strongly countered allegations about the quick commerce model disrupting and stunting the growth of traditional kirana stores. He asserted that these and other "narratives" are not grounded in real data and underrate the "net positives" achieved so far by the industry, including job creation. Palicha further said that instant 10-minute delivery models like that of Zepto have generated lakhs of jobs, been wage-additive, and created all-around "value" for both consumers and workers. Moreover, the quick commerce model executed at a scale for groceries and items of daily use is unseen, unmatched globally, he said adding that this goes to showcase the unique .
Swiggy Instamart surpassed its 6-minute delivery promise, achieving a median delivery time of just 8 minutes across the top four Indian cities, the fastest among its peers
Amazon had planned to introduce the service in the first quarter of 2025, but the timeline has reportedly been expedited with the launch scheduled for this year-end or early 2025
He says that the current fund raise was one of the largest ever raise from domestic investors
IPO-bound company has raised $1.35 billion in 2024
Indian HNIs, family offices, and leading financial institutions took part in latest funding round
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,
The funding round, oversubscribed by prominent investors, will include top Indian family offices and ultra-high net worth individuals
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
Dhanteras 2024: Quick commerce platforms are offering 10-min delivery of gold from major jewellers including Tanishq and Malabar amid the festive rush
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
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