Page 2 - Zepto

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

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