Zepto Denies Association With Hyderabad Delivery Worker’s Accident
Expressing condolences over the accident, the quick commerce company stated that the individual mentioned was not associated with Zepto
Expressing condolences over the accident, the quick commerce company stated that the individual mentioned was not associated with Zepto
Zepto introduces in-app UPI payments, allowing users to complete transactions without third-party apps. The move aims to streamline checkout and enhance user experience as the startup prepares for a potential IPO.
Categories such as party supplies, gifting essentials, snacks and beverages, beauty, personal care and grooming and viral items including grapes saw high growth on the platforms
While competition will intensify and operational challenges will persist, the fundamentals in quick commerce ecosystem are strong looking ahead, writes Vinay Dhanani, President, Zepto
The quick commerce company is looking to raise about Rs 11,000 crore through the proposed issue, positioning itself for a market debut in the coming year
The company notes that delivery partners collectively travelled 24,52,95,068 kilometre and the fastest delivery recorded during the year was completed in just 48 seconds
Zepto more than doubled FY25 sales to Rs 9,668.8 crore, while net loss widened to Rs 3,367.3 crore as competition intensified and the company prepared for an IPO.
The reports noted that Zepto is eyeing to raise around Rs 11,000 crore in fresh capital, while the rest will be for early investors who are offering shares for sale
Quick-commerce grocery startup Zepto plans a confidential Mumbai IPO of about USD 500 million as competition intensifies.
Bloomberg report that Blink CEO Albinder Dhindsa says easy capital fades, startups face tough survival choices