Shrishti Sahu’s Post

Zepto was founded by #Aadit Palicha and #Kaivalya Vohra, #dropouts of computer science degree course at Stanford University. Here are 5 important bullet points summarizing the recent developments regarding Zepto: - Valuation Surge: Zepto's valuation has surged by approximately 40%, reaching $5 billion following a $340 million #funding round led by General Catalyst Partners, with additional participation from new investors Dragon Fund and Epiq Capital, and increased stakes from existing investors such as Lightspeed Venture Partners and DST Global. -Expansion Plans: The company plans to double its #warehouse count to over 700 by March 2025, reinvesting sales from its existing dark stores, indicating a strong growth strategy to meet increasing consumer demand in India's online grocery market. -Investor Confidence: Despite concerns in India's e-commerce sector due to regulatory issues at Paytm and insolvency proceedings at Byju's, the influx of foreign investment in Zepto underscores the confidence in India's rapidly growing middle class and #digital economy. - Public Listing Preparation: Zepto is reportedly preparing for a public #listing, highlighting its ambition to capitalize on the growing e-commerce market and secure additional funding for future expansion. - Competitive Market Presence: Founded in 2021 by Aadit Palicha and Kaivalya Vohra, Zepto competes with major players like Amazon India, Swiggy, Zomato, and BigBasket in India's highly #competitive grocery delivery market characterized by low margins and high volumes. Zepto Aadit Palicha Kaivalya V. Indian Startup News LiveMint

🆕 Pine Labs has received approval from a Singapore court to move its operations to India, joining a host of several companies such as Groww, PhonePe Meesho, udaan.com, Razorpay, and Zepto, that have either relocated or are in the process of relocating to India. Pratip Mazumdar, Partner & Co-founder of Inflexor Ventures, said it makes sense for these companies to have a local presence in the country as they will need to be regulated by the Reserve Bank of India (RBI) or equivalent regulators, and they predominantly serve Indian customers. Mazumdar also added that Indian capital markets are more receptive to tech/tech-enabled firms even at a smaller scale of revenues versus US capital markets. So a firm with $100-250 million in revenue can easily get listed and get decent coverage in India, whereas the bar for getting listed in US markets in revenue terms is quite high at $500 million to $1 billion. Full story for DealStreetAsia: https://lnkd.in/g8239Kjt

𝗧𝗼𝗽 𝗡𝗲𝘄𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗪𝗲𝗲𝗸 [𝟮𝟭 - 𝟮𝟳 𝗢𝗰𝘁] ▪️ Paytm receives National Payments Corporation Of India (NPCI) nod to onboard new UPI users ▪️ Deepinder Goyal to enter health and mental fitness space with ‘Continue’ ▪️ Elon Musk’s X India struggles with a 90% decline in revenue in FY24 ▪️ Blinkit brings an EMI option for orders over Rs 2,999 ▪️ GalaxEye partners with SpaceX to launch an earth observation satellite ▪️ KSUM Invests Rs 15 Cr in Transition VC to boost energy transition goals ▪️ Peak XV Partners selects 14 startups for the 10th cohort of Surge ▪️ Captain Fresh selects Axis Capital, BofA as BRLM for its IPO ▪️ Go Digit General Insurance received a show-cause notice from IRDAI ▪️ Zomato and Swiggy hike platform fee to Rs 10 ▪️ CCPA sent notices to 11 e-commerce and quick commerce companies ▪️ Zomato gets board approval to raise Rs 8,500 Cr via QIP ▪️ Meituan sells over $200 Mn worth of stake in Swiggy ▪️ Ola Electric claims to have resolved 99% of CCPA complaints Source: Media Reports Follow Md Salman Ashrafi for more. #NewsOfTheWeek #Updates #StartupNews #Startups

Arata's FY24 numbers tell a compelling story. The startup reported an operating revenue of INR 21 crore, almost 50% higher than the INR 14 crore in FY23. Alongside this growth, Arata managed to cut its net loss by 54%, reducing it from INR 9.4 crore to INR 4.3 crore. What's more impressive is that total expenditure remained nearly the same, standing at INR 26.5 crore in FY24, compared to INR 26.6 crore the previous year. Backed by over $1 million in funding from investors like DSG Consumer and Nikhil Vohra, Arata has used its resources effectively to invest in product development, marketing, and scaling its business across platforms like Swiggy Instamart and Blinkit. Competing in the dynamic personal care space with brands like WOW Skin Science, Pilgrim, and Mamaearth, Arata continues to carve out its place in the market. This performance shows how a startup can drive revenue growth while keeping financials in check—an essential balance in today’s competitive landscape. #D2C #StartupGrowth #FinancialManagement #PersonalCare #QuickCommerce Vandana Tolani

𝗧𝗼𝗽 𝗦𝘁𝗮𝗿𝘁𝘂𝗽 𝗡𝗲𝘄𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗪𝗲𝗲𝗸 [𝟬𝟰 - 𝟭𝟬 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿] . . . ▪️ Google Cloud launches new program to support Indian AI startups ▪️ Amazon India launches Creator Central for content creators ▪️ OTA platform EaseMyTrip.com partners with Hyperface ▪️ Open Network For Digital Commerce (ONDC) logs a record of 14 million transactions in October ▪️ FSSAI to meet quick commerce players over food safety concerns ▪️ ED raids Amazon, Flipkart amidst violations of FEMA ▪️ I-T department raids Truecaller offices in India ▪️ BlackBuck (Zinka Logistics Solutions Pvt. Ltd.) files RHP with SEBI for an IPO ▪️ Swiggy IPO oversubscribed by 3.59X, QIBs lead the charge   ▪️ CCI finds Swiggy and Zomato violated competition laws ▪️ WeWork India reports Rs 1,665 Cr revenue in FY24, cuts losses ▪️ PW (PhysicsWallah) revenue jumps 2.6X to Rs 2,015 Cr in FY24, slips into losses ▪️ Astrotalk profit zooms 12X to Rs 100 Cr in FY24 ▪️ Lenskart.com reports Rs 5,427 Cr revenue and Rs 10 Cr loss in FY24 ▪️ Ola Electric’s revenue declines 26% Q-o-Q to Rs 1,214 Cr, losses up 43% #NewOfTheWeek #Updates #Startups #IPO #Swiggy #Zomato #India

A Rising Star: Zepto’s Meteoric Rise Raising a staggering $300 million in domestic funding (after $1bn), particularly in the current market climate, is a testament to the company's potential and the evolution of the Indian startup ecosystem. Why is this significant? 1. Domestic Dominance: The fact that this funding round is primarily backed by domestic investors is a huge leap forward. It signifies the growing maturity of the Indian private market and the increasing confidence in homegrown startups. 2. Rapid Growth: Zepto's ability to secure such substantial funding in quick succession highlights its rapid growth and disruptive potential. 3. Fierce Competition: The intense competition from established players like Zomato, Swiggy, Flipkart and Amazon underscores the need for significant capital to fuel expansion and innovation. Why Does Zepto Need So Much Money? *Strategic Investments: A significant portion of the funds will likely be used to strengthen Zepto's infrastructure, technology, and logistics capabilities. * Market Expansion: The company may explore expanding its operations to new cities and regions, thereby increasing its customer base. * Competitive Advantage: In the face of intense competition, substantial funding will enable Zepto to invest in aggressive marketing campaigns, exclusive partnerships, and innovative offerings to maintain a competitive edge. While the future of #quick #commerce is still unfolding, Zepto's recent funding success positions it as a major player in the industry. I'm eager to see how the company leverages this capital to shape the #future of #retail and redefine the #customer #experience. Join BizIQ Club on to get mobile notifications: https://qr-codes.io/t8UWfp Follow my Verified Growth ✅ channel : https://qr-codes.io/sSQV7I #bizIQ #amitsharmalive

As the quick commerce sector in India heats up, a wave of CXOs are rushing to enter this burgeoning market, with new players continuously emerging. Ayyappan R, former CEO of Flipkart-owned Cleartrip, is the latest executive to dive in. He is negotiating with VC firms like Accel and RTP Global for seed funding for his new venture, which is set to offer a curated selection of premium products delivered within 20-30 minutes. The business will also feature an offline retail presence, requiring substantial seed funding. Currently registered as FirstClub, the venture is set to position itself as India’s equivalent of Costco. It will encompass various retail categories, including FMCG, health and fitness, and fashion, blending both international and local brands. Sources indicate that Ayyappan is still finalising the brand name and the venture's full launch details are anticipated soon. Read full story here: https://lnkd.in/gb8g6WCC #quickcommerce #newventure #industry #delivery #news #latestnews  LinkedIn News India Linkedin News Ashu Agrawal

Indian government built the incredible tech called UPI which may be considered close to or better than Google and Apple in innovation but looks like startups like Bharat Pe, PhonePe and PayTM which have just used UPI to build their businesses act mightier than the UPI itself. What's there in Bharat Pe or Phone Pe or PayTM business model without UPI? I would say 0.

Top News of the Week: 1. Ride-hailing company Rapido is reportedly planning to enter the quick commerce sector in India. 2. Venttup raises seed funding from Unicorn India Venture 3. US Lenders Counter Debt Claim, Say The Edtech Must Repay Full $1.2 Bn Loan With Interest 4. Bengaluru-based food delivery platform Swiggy is planning to raise over $1 billion through its Initial Public Offering (IPO). 5. Amid Tax Tangles, Govt Mulls Panel To Ensure Compliance By Online Gaming Entities 6. ideaForge Allots Additional Equity Shares Under ESOP 2018 7. Construction goods and services platform Infra.Market is raising up to Rs 150 crore (approximately $18 million) in its Series E2 funding round. 8. Zomato Bans Use Of AI Generated Images By Restaurant Partners 9. Delhivery Partners Teamglobal To Ace Ocean Freight Offerings 10. Direct to Consumer (D2C) tech accessories and lifestyle brand DailyObjects has raised Rs 72 crore (approximately $8.6 million) in a new funding round from 360 One Ventures. 11. Astrotalk To Spearhead Marketing Of Its New Spiritual Ecommerce Venture 12. Zepto Pushes For AOV Boost With New Service On Bulk Orders 13. Myntra Testing 4-Hour Deliveries In 4 Cities Amid Quick Commerce Boom 14. Zupee, an RMG platform, has joined forces with government-backed ONDC to extend the accessibility of its skill-based games to a wider audience. 15. Commerce and Industry Minister Piyush Goyal is launching the Bharat Startup Knowledge Access Registry (BHASKAR) initiative. 16. B2B ecommerce platform Bizongo has announced the separation of its raw material marketplace BizongoBuy and its supply chain finance platform BizongoFin into separate businesses. Stay Updated. Stay Informed. Stay Ahead. #TopNews #RapidoQuickCommerce #VenttupSeedFunding #EdtechDebtClaim #SwiggyIPO #OnlineGamingCompliance #ideaForgeESOP #InfraMarketFunding #ZomatoAIImagesBan

Top News of the Week: 1. Ride-hailing company Rapido is reportedly planning to enter the quick commerce sector in India. 2. Venttup raises seed funding from Unicorn India Venture 3. US Lenders Counter Debt Claim, Say The Edtech Must Repay Full $1.2 Bn Loan With Interest 4. Bengaluru-based food delivery platform Swiggy is planning to raise over $1 billion through its Initial Public Offering (IPO). 5. Amid Tax Tangles, Govt Mulls Panel To Ensure Compliance By Online Gaming Entities 6. ideaForge Allots Additional Equity Shares Under ESOP 2018 7. Construction goods and services platform Infra.Market is raising up to Rs 150 crore (approximately $18 million) in its Series E2 funding round. 8. Zomato Bans Use Of AI Generated Images By Restaurant Partners 9. Delhivery Partners Teamglobal To Ace Ocean Freight Offerings 10. Direct to Consumer (D2C) tech accessories and lifestyle brand DailyObjects has raised Rs 72 crore (approximately $8.6 million) in a new funding round from 360 One Ventures. 11. Astrotalk To Spearhead Marketing Of Its New Spiritual Ecommerce Venture 12. Zepto Pushes For AOV Boost With New Service On Bulk Orders 13. Myntra Testing 4-Hour Deliveries In 4 Cities Amid Quick Commerce Boom 14. Zupee, an RMG platform, has joined forces with government-backed ONDC to extend the accessibility of its skill-based games to a wider audience. 15. Commerce and Industry Minister Piyush Goyal is launching the Bharat Startup Knowledge Access Registry (BHASKAR) initiative. 16. B2B ecommerce platform Bizongo has announced the separation of its raw material marketplace BizongoBuy and its supply chain finance platform BizongoFin into separate businesses. Stay Updated. Stay Informed. Stay Ahead. #TopNews #RapidoQuickCommerce #VenttupSeedFunding #EdtechDebtClaim #SwiggyIPO #OnlineGamingCompliance #ideaForgeESOP #InfraMarketFunding #ZomatoAIImagesBan