Swiggy shares rose after the company unveiled an ambitious FY31 roadmap targeting Rs 10,000 crore in Adju ...More

Swiggy shares rose after the company unveiled an ambitious FY31 roadmap targeting Rs 10,000 crore in Adjusted EBITDA. It aims to more than triple consolidated GOV to Rs 2.5 lakh crore from Rs 67,734 crore in FY26, driven by food delivery, Instamart and Dineout. ...Less

The discussions, led by Swiggy CEO (food marketplace, dineout & crew) Rohit Kapoor, chief business office ...More

The discussions, led by Swiggy CEO (food marketplace, dineout & crew) Rohit Kapoor, chief business officer (food marketplace) Sidharth Bhakoo and CEO (dineout & scenes) Swapnil Bajpai, came a day after rival Zomato held talks with restaurateurs and agreed to address a range of operational concerns. ...Less

The rivalry in the quick commerce sector heats up as Q1 results show stark contrasts between Eternal and ...More

The rivalry in the quick commerce sector heats up as Q1 results show stark contrasts between Eternal and Swiggy. While Swiggy leans towards aggressive growth supported by robust funding, Eternal places its bets on profitability and improved operations. Both firms are vying for ambitious long-term goals that investors will be keen on observing, particularly in how they each navigate the balance between expansion and profitability. ...Less

Swiggy's Instamart is targeting an impressive ₹60,000 crore in annualised net order value to achieve prof ...More

Swiggy's Instamart is targeting an impressive ₹60,000 crore in annualised net order value to achieve profitability. To reach this goal, the platform must double its current orders and enhance contribution margins significantly. This means Instamart should aim to garner an additional ₹30 per order through various optimizations. However, the competitive advantage of Blinkit's size and profitability poses a formidable challenge amid the ongoing balancing act of growth and economic recovery. ...Less

Swiggy shares declined six percent over two days despite reporting strong first-quarter earnings. The com ...More

Swiggy shares declined six percent over two days despite reporting strong first-quarter earnings. The company's net loss decreased by thirty-four percent year-on-year in the first quarter. Revenue from operations increased more than thirty-seven percent year-on-year during the April-June quarter. Analysts offered mixed recommendations, with some maintaining buy ratings and others downgrading the stock. The focus remains on achieving profitability in quick commerce while sustaining food delivery growth. ...Less

Swiggy aims for ten thousand crore rupees adjusted Ebitda by fiscal year thirty-one. Its food delivery bu ...More

Swiggy aims for ten thousand crore rupees adjusted Ebitda by fiscal year thirty-one. Its food delivery business will contribute five thousand crore rupees to this goal. The quick commerce unit, Instamart, is expected to generate four thousand crore rupees. Swiggy also targets one lakh crore rupees in net order value across its operations. The company is working to make its quick commerce unit profitable soon. ...Less

Swiggy Share Price: Swiggy shares plunged as much as 6% after the food delivery and quick commerce compan ...More

Swiggy Share Price: Swiggy shares plunged as much as 6% after the food delivery and quick commerce company reported its June-quarter results. While the consolidated net loss narrowed year-on-year, investors remained cautious over profitability and margin pressures. Brokerages stayed largely positive on the stock, with most retaining their 'Buy' ratings, citing long-term growth potential despite near-term challenges. ...Less

Food delivery platforms Ownly and magicpin are seeking greater market share in India. Both platforms repo ...More

Food delivery platforms Ownly and magicpin are seeking greater market share in India. Both platforms report increased restaurant participation and daily order volumes. Restaurants are pushing for more control over commercial terms and promotions. Negotiations between Bengaluru restaurants and major aggregators are ongoing. The entry of new players is expected to benefit the overall food delivery industry. ...Less

The latest move comes amid growing friction between restaurant associations and food delivery platforms o ...More

The latest move comes amid growing friction between restaurant associations and food delivery platforms over commissions, discounting policies and platform fees. Earlier this year, several Bengaluru restaurants temporarily went offline on food delivery apps, alleging that deep discounting and high commissions were hurting their profitability. ...Less

Ola Electric posted an improved June-quarter performance as deliveries picked up. This and more in today' ...More

Ola Electric posted an improved June-quarter performance as deliveries picked up. This and more in today's ETtech Top 5. ...Less

Swiggy and Eternal shares have rallied sharply in July as investors reassess the competitive landscape fo ...More

Swiggy and Eternal shares have rallied sharply in July as investors reassess the competitive landscape following Zepto's IPO valuation reset. Swiggy has gained nearly 24%, marking its best monthly performance since listing, while Eternal is up 17%, its strongest monthly rise in over two years. ...Less

New players like Rapido's Ownly and Flipkart are entering the food delivery market. They challenge Zomato ...More

New players like Rapido's Ownly and Flipkart are entering the food delivery market. They challenge Zomato and Swiggy by offering lower restaurant commissions. Swiggy launched Toing, while Zomato uses Blinkit's Bistro for affordable food. Both aim to expand the market by attracting price-sensitive customers. Industry watchers question the long-term impact on market expansion. ...Less

Swiggy Q1 Results: Swiggy narrowed its Q1FY27 consolidated net loss by 34% year-on-year to Rs 791 crore, ...More

Swiggy Q1 Results: Swiggy narrowed its Q1FY27 consolidated net loss by 34% year-on-year to Rs 791 crore, while revenue from operations rose 37%. Instamart achieved contribution breakeven despite continued investments, food delivery maintained steady growth, and management expressed confidence in its competitive position amid rising competition in the online food delivery space. ...Less

Happy Friday! Swiggy lowered its losses in the April-June quarter as revenue rose. This and more in today ...More

Happy Friday! Swiggy lowered its losses in the April-June quarter as revenue rose. This and more in today’s ETtech Morning Dispatch. ...Less

Former Swiggy and Zomato executives have launched Profound, an AI representative platform. This new start ...More

Former Swiggy and Zomato executives have launched Profound, an AI representative platform. This new startup has secured significant seed funding from prominent investors. Professionals can create customized AI representatives through brief voice conversations. The platform aims to revolutionize hiring, mentoring, and networking processes for organizations. Profound plans a public beta launch before its full rollout later this year. ...Less

Bengaluru hotels will suspend business with Swiggy from August 15. They demand transparency in payment st ...More

Bengaluru hotels will suspend business with Swiggy from August 15. They demand transparency in payment statements and opt-out options. Unauthorised deductions have caused significant financial hardship for many establishments. The association seeks resolution of these longstanding issues within fifteen days. Hotels will ensure customer inconvenience is minimized if services are discontinued. ...Less

Bajaj Finance shares jumped 5% after the NBFC reported a strong Q1 FY27 performance, with standalone net ...More

Bajaj Finance shares jumped 5% after the NBFC reported a strong Q1 FY27 performance, with standalone net profit rising 28% YoY to Rs 6,081 crore and net interest income growing 23% to Rs 12,571 crore. Robust earnings prompted several brokerages to raise their target prices. ...Less

The Bengaluru-based food and grocery delivery company said that its quick commerce unit Instamart, which ...More

The Bengaluru-based food and grocery delivery company said that its quick commerce unit Instamart, which became contribution level neutral during the quarter, will break even on an adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) basis when it reaches 250-300 million quarterly orders, up from 114.5 million in the June quarter. ...Less

Swiggy shares climbed significantly, extending recent gains for a third consecutive session. Nandita Sinh ...More

Swiggy shares climbed significantly, extending recent gains for a third consecutive session. Nandita Sinha, former Myntra CEO, now leads Swiggy's Instamart business.This appointment occurs amid intense competition in India's quick commerce sector. Meanwhile, Zepto is reportedly negotiating its IPO pricing at a lower valuation.The company may defer its listing if valuation targets are not met. ...Less

Shiprocket is set to launch its IPO after lowering its issue size. This and more in today's ETtech Top 5. ...More

Shiprocket is set to launch its IPO after lowering its issue size. This and more in today's ETtech Top 5. ...Less

Among the key assurances, Zomato agreed that restaurants and darshinis would have the choice to opt into ...More

Among the key assurances, Zomato agreed that restaurants and darshinis would have the choice to opt into promotional and discount campaigns instead of being enrolled by default. The platform also agreed to seek explicit consent through email or OTP before enrolling restaurants in promotional programmes. ...Less

Flipkart plans to launch its food delivery service in Bengaluru mid-August. The company is considering re ...More

Flipkart plans to launch its food delivery service in Bengaluru mid-August. The company is considering restaurant commissions of up to eleven percent. These proposed rates are significantly lower than current market offerings. Flipkart will pilot faster and regular delivery options during this initial phase. The service aims to expand to five major metros after learning from the pilot. ...Less

Swiggy delivered improved Q1 earnings with a narrower loss and higher revenue. This and more in today's E ...More

Swiggy delivered improved Q1 earnings with a narrower loss and higher revenue. This and more in today's ETtech Top 5. ...Less

Bengaluru restaurant owners are threatening a boycott of Swiggy and Zomato. They demand lower commissions ...More

Bengaluru restaurant owners are threatening a boycott of Swiggy and Zomato. They demand lower commissions and customer data sharing from these platforms. Associations have issued a 15-day ultimatum for resolution of their grievances. This dispute highlights ongoing tensions between restaurants and food delivery aggregators. Newer platforms like Rapido's Ownly offer commission-free services to attract businesses. ...Less

“We believe our competitive position in food delivery is durable with no near-term risks to the underlyin ...More

“We believe our competitive position in food delivery is durable with no near-term risks to the underlying growth trajectory. We have been agile to evaluate possible opportunities across pricing, formats, and even separate apps to open up the TAM (total addressable market) further while maintaining the economics of the core platform,” Swiggy said in its shareholders’ letter. ...Less

Bajaj Auto-backed Yulu is in talks with GEF Capital and One Planet Partners to raise the funds at a valua ...More

Bajaj Auto-backed Yulu is in talks with GEF Capital and One Planet Partners to raise the funds at a valuation of about $250 million, up from $200-210 million previously, sources said. The fundraise comes at a time when energy transition, the larger umbrella under which EV falls, has emerged as one of the fastest-growing themes within India’s deeptech venture ecosystem. ...Less

Zepto has decided to delay its IPO as investor anxieties mount regarding its current valuations. Many fun ...More

Zepto has decided to delay its IPO as investor anxieties mount regarding its current valuations. Many fund houses are hesitant to invest at these high price levels. Before moving forward with its public listing, the quick-commerce company aims to secure private equity funding. In this time, Zepto must also outline a clear strategy for achieving profitability, which may relieve some of the competitive pressures on other industry players. ...Less

SBI Securities’ Sudeep Shah expects Nifty to remain rangebound, with 24,300–24,800 as key levels. He pref ...More

SBI Securities’ Sudeep Shah expects Nifty to remain rangebound, with 24,300–24,800 as key levels. He prefers a buy-on-dips strategy, citing constructive trends. Smallcaps remain bullish, while FII short covering could support markets. Traders should watch key technical levels for Nifty, Trent, Kalyan Jewellers and Swiggy for directional cues. ...Less

Top brokerages issued fresh stock views following mixed Q1 FY27 earnings. Elara Capital downgraded Swiggy ...More

Top brokerages issued fresh stock views following mixed Q1 FY27 earnings. Elara Capital downgraded Swiggy to Accumulate with a target of Rs 350 over delayed profitability. Morgan Stanley remained Overweight on M&M with a Rs 4,222 target, while Goldman Sachs kept a Neutral stance on Tata Steel at Rs 218. ...Less

Myntra's former CEO Nandita Sinha will lead Swiggy's Instamart quick commerce business from August 3. She ...More

Myntra's former CEO Nandita Sinha will lead Swiggy's Instamart quick commerce business from August 3. She replaces Amitesh Kumar Jha, who resigned on July 28 for other opportunities. Sinha previously led fashion e-commerce platform Myntra since 2022. This leadership change occurs as the quick commerce sector faces intense competition. Rivals are investing heavily to capture market share in online groceries. ...Less

The Bangalore Hotels Association expects around 250 restaurateurs to attend the meeting to examine what t ...More

The Bangalore Hotels Association expects around 250 restaurateurs to attend the meeting to examine what they say are multiple fees that have squeezed margins, particularly for small and mid-sized restaurants. ...Less

Indian markets traded in a narrow range, settling marginally higher with mixed cues. Maruti Suzuki, ITC, ...More

Indian markets traded in a narrow range, settling marginally higher with mixed cues. Maruti Suzuki, ITC, and Vedanta shares are in focus due to various news developments. Sun Pharma and Bajaj Finserv will announce their first quarter results today. Tata Steel reported a fifteen percent rise in its net profit for the June quarter. Reliance Industries ramped up diesel exports to Europe and Brazil in July. ...Less

Ownly has onboarded around 25,000 restaurants so far and is seeing an average order value (AOV) of Rs 200 ...More

Ownly has onboarded around 25,000 restaurants so far and is seeing an average order value (AOV) of Rs 200-220, roughly half that of incumbent food delivery platforms such as Swiggy and Zomato, whose AOV stands at around Rs 400. ...Less

More than 250 restaurateurs attended a meeting convened by the Bangalore Hotels Association on Tuesday, w ...More

More than 250 restaurateurs attended a meeting convened by the Bangalore Hotels Association on Tuesday, where members flagged concerns over multiple charges levied by the platforms, promotional campaigns run without explicit consent and shrinking margins, particularly for small and mid-sized restaurants. ...Less

Sinha joins at a time when Instamart has been losing market share even as it attempts to contain its moun ...More

Sinha joins at a time when Instamart has been losing market share even as it attempts to contain its mounting losses. A Flipkart group veteran, she began her stint at the online retailer as an associate director in 2013, managing the beauty and personal care categories. ...Less

For the first quarter of FY27, Instamart broke even at the contribution margin level, in line with the gu ...More

For the first quarter of FY27, Instamart broke even at the contribution margin level, in line with the guidance the company had provided five quarters ago. Contribution margin is a financial metric that measures how much revenue remains after covering variable costs. ...Less

Nandita Sinha will lead Swiggy's quick commerce vertical Instamart. She previously served as CEO of Myntr ...More

Nandita Sinha will lead Swiggy's quick commerce vertical Instamart. She previously served as CEO of Myntra, turning the company profitable and also held leadership roles at Flipkart and consumer goods companies. She oversaw Myntra's expansion into premium fashion and quick delivery services. ...Less

Anthropic will soon offer in-country inference for its Claude AI models in India. This means customer req ...More

Anthropic will soon offer in-country inference for its Claude AI models in India. This means customer requests will be processed on Indian servers, keeping data within the region. The service will be available through Amazon Bedrock, enhancing data residency for Indian organizations. This move addresses a key request from Indian businesses for local AI processing capabilities. It allows regulated sectors like banking and government to confidently deploy advanced AI solutions. ...Less

HDFC Bank introduced two new savings accounts for specific customer groups. The Specialé Senior Citizen S ...More

HDFC Bank introduced two new savings accounts for specific customer groups. The Specialé Senior Citizen Savings Account offers security and doorstep banking services. Women can avail the SavingsMax Account with lifestyle and health benefits. ...Less

Quick commerce platforms anticipate hiring thirty to forty percent more temporary workers this festive se ...More

Quick commerce platforms anticipate hiring thirty to forty percent more temporary workers this festive season. This surge reflects increased product availability and consumer preference for instant deliveries. Tech-savvy individuals are particularly sought after for specialized operational roles. Staffing firms project around one hundred thousand temporary jobs, with some estimates reaching three hundred thousand. Wages are expected to rise between twelve and twenty-two percent based on work location. ...Less

Swiggy has roped in former Myntra CEO Nandita Sinha to lead its quick commerce unit Instamart. This and m ...More

Swiggy has roped in former Myntra CEO Nandita Sinha to lead its quick commerce unit Instamart. This and more in today’s ETtech Top 5. ...Less

Consumer demand in India is expected to strengthen during the upcoming festive season. Companies face ris ...More

Consumer demand in India is expected to strengthen during the upcoming festive season. Companies face rising input costs and intense competition from quick-commerce platforms. Improving purchasing power supports this positive outlook for consumer spending. However, businesses must adapt to premiumization and digital shifts in consumption. Sustained growth hinges on margin protection and faster innovation strategies. ...Less

Rapido has integrated its food delivery service Ownly into its main app in Bengaluru, expanding restauran ...More

Rapido has integrated its food delivery service Ownly into its main app in Bengaluru, expanding restaurant reach while using its rider network to improve delivery efficiency and reduce logistics costs. ...Less

In the June quarter, the company outlined plans to strengthen its premium beauty portfolio through acquis ...More

In the June quarter, the company outlined plans to strengthen its premium beauty portfolio through acquisitions like Aminul, a D2C (direct-to-consumer) brand, and launch its quick commerce service Nykaa Now in more cities. While premiumisation is expected to support margins, growth in fashion and rapid delivery will require continued investment, say analysts. ...Less

Swiggy shares fell after the company proposed cutting its foreign ownership limit to 49.5% from 100%, rai ...More

Swiggy shares fell after the company proposed cutting its foreign ownership limit to 49.5% from 100%, raising concerns over its eligibility for major global indices. The move could lead to Swiggy's exclusion from the MSCI Standard and FTSE indices, triggering an estimated $460 million in passive outflows, according to reports. ...Less

E-commerce and streaming platforms are merging to boost customer loyalty and transactions. Flipkart and N ...More

E-commerce and streaming platforms are merging to boost customer loyalty and transactions. Flipkart and Netflix launched India's first e-commerce and streaming platform partnership. Eligible Flipkart Plus members receive a Netflix Mobile Plan after qualifying purchases. This initiative rewards loyal shoppers and increases platform engagement. This trend signals a shift towards engagement-led ecosystems in India. ...Less

The court also extended to Uber the protection granted under its July 3 interim order, which restrained t ...More

The court also extended to Uber the protection granted under its July 3 interim order, which restrained the state government from initiating coercive action against platforms covered under the Act. Uber has been given three weeks from July 28 to deposit the welfare fee with the court. ...Less

Bandhan Small Cap Fund leads three-year returns with 25.35 percent gains. Stock selection drove this outp ...More

Bandhan Small Cap Fund leads three-year returns with 25.35 percent gains. Stock selection drove this outperformance, according to expert analysis. The fund has consistently beaten its category average over time. Investors should consider risk and long-term strategy for investment decisions. Current market conditions offer a good entry point for patient investors. ...Less

The AI startup said that it plans to use the fresh capital to deepen Kily's product capabilities, strengt ...More

The AI startup said that it plans to use the fresh capital to deepen Kily's product capabilities, strengthen its go-to market initiatives, and accelerate adoption across India's largest consumer brands. The company said its AI agents help brands manage pricing, advertising, inventory and marketplace operations by analysing real-time marketplace data and autonomously executing decisions. ...Less

Indian markets found support from easing crude oil prices and the RBI's stable policy outlook despite ran ...More

Indian markets found support from easing crude oil prices and the RBI's stable policy outlook despite range-bound trade. Analysts said Nifty holding above 24,600 keeps bullish momentum intact, with improving earnings expectations and stock-specific buying supporting broader market resilience. ...Less

The cap will allow Swiggy to remain majority Indian-owned, which in turn, will enable it to transition to ...More

The cap will allow Swiggy to remain majority Indian-owned, which in turn, will enable it to transition to an inventory-led model. Swiggy's rival Eternal, the parent company of Zomato and Blinkit, had undertaken a similar exercise in April last year. Following this, Blinkit moved to an inventory model from a pure marketplace model earlier. ...Less

Nykaa's operating revenue rose 29% year-on-year (YoY) to Rs 2,782 crore in Q1FY27, up from Rs 2,155 crore ...More

Nykaa's operating revenue rose 29% year-on-year (YoY) to Rs 2,782 crore in Q1FY27, up from Rs 2,155 crore a year prior. Including other income of Rs 9.3 crore this quarter, its total income stood at Rs 2,791.3 crore. ...Less

India aims for electric air taxis to fly by 2028, with testing accelerating next year. Electric vertical ...More

India aims for electric air taxis to fly by 2028, with testing accelerating next year. Electric vertical take-off and landing aircraft offer new mobility for major congested cities. Sarla Aviation is developing a six-passenger eVTOL aircraft with seven electric motors. Affordability and safety are key for commercial viability, with localization reducing costs. These aircraft could significantly cut travel times and find uses in medical evacuations. ...Less

.The speed with which Zepto has ramped its national footprint is mindboggling. But with mounting losses, ...More

.The speed with which Zepto has ramped its national footprint is mindboggling. But with mounting losses, half-baked business plans, the speed at which it was trying to IPO would have upended all its gains. There are many tech companies – both in India and abroad – which are perfectly fine being privately owned. Staying private for longer will not delay Zepto value creation but maximise it instead. ...Less

Quick commerce company Zepto may defer its listing plans as negotiations over its valuation hit a roadblo ...More

Quick commerce company Zepto may defer its listing plans as negotiations over its valuation hit a roadblock. This and more in today’s ETtech Top 5. ...Less

The scan generates a bullish signal when the Relative Strength Index (RSI) crosses above 50 from below, i ...More

The scan generates a bullish signal when the Relative Strength Index (RSI) crosses above 50 from below, indicating strengthening price momentum. ...Less

Happy Monday! As core growth cools, India's listed fintechs are diversifying fast and launching new produ ...More

Happy Monday! As core growth cools, India's listed fintechs are diversifying fast and launching new products. This and more in today’s ETtech Morning Dispatch. ...Less

The surge in demand is also exposing capacity constraints that have long plagued ecommerce marketplaces s ...More

The surge in demand is also exposing capacity constraints that have long plagued ecommerce marketplaces such as Amazon and Flipkart. Brands and sellers said Blinkit, Instamart and Zepto have limited warehouse capacity and inbound inventory slots ahead of the festive season. ...Less

Quick commerce firm Zepto has postponed its initial public offering plans. The company cited its strong b ...More

Quick commerce firm Zepto has postponed its initial public offering plans. The company cited its strong balance sheet and focus on execution for this decision. Zepto reported significant cash reserves as of March 31, 2026. This move follows discussions where public market valuations fell below expectations. The startup will update its draft prospectus with upcoming financial results. ...Less

Zepto IPO delay: People aware of the discussions told ET that the company has received a formal price ind ...More

Zepto IPO delay: People aware of the discussions told ET that the company has received a formal price indication from large institutional investors and is negotiating for a week or two before deciding whether to proceed. A deferment is on the table if the price gap does not close, though the company would prefer to list, they added. ...Less

Indian equities rallied sharply as Sensex gained 889 points and Nifty topped 24,250, adding over Rs 4 lak ...More

Indian equities rallied sharply as Sensex gained 889 points and Nifty topped 24,250, adding over Rs 4 lakh crore in market value. Strong IIP data, IT and metal buying, bullish technical indicators and improving FII sentiment outweighed geopolitical concerns and higher oil prices. ...Less

Zepto has paused its IPO and plans to refile its draft papers after two to three quarters. The decision f ...More

Zepto has paused its IPO and plans to refile its draft papers after two to three quarters. The decision follows months of valuation negotiations, investor pushback and shifting market conditions. Here's a look at the key events, from its confidential filing to the final decision, that led to the pause. ...Less

Swiggy's Instamart aims for profitability by enhancing its product offering and customer experience. The ...More

Swiggy's Instamart aims for profitability by enhancing its product offering and customer experience. The quick commerce sector will remain competitive and well-funded, attracting significant capital. Instamart is shifting focus from new dark stores to optimizing existing assets for better utilization. Contribution margins improved due to higher average order values and better infrastructure. The company seeks to become a destination for everyday upgrades and essentials. ...Less

Ankit Jain has taken the helm of Nykaa Now, the company’s quick delivery service, in a bold strategic mov ...More

Ankit Jain has taken the helm of Nykaa Now, the company’s quick delivery service, in a bold strategic move. Nykaa intends to broaden its 30-minute beauty delivery service to cater to all high-demand locations by the end of FY30. Currently active in thirteen cities, Nykaa Now is also upgrading its next-day and hyperlocal delivery capabilities. This initiative underscores the rising emphasis on vertical quick commerce across various sectors. ...Less

Flipkart plans to launch a pilot in India's online food delivery sector soon. This move aims to challenge ...More

Flipkart plans to launch a pilot in India's online food delivery sector soon. This move aims to challenge established players like Zomato and Swiggy. The company will learn from this pilot before considering a wider national rollout. Flipkart believes a strong value proposition can disrupt the current market. This expansion follows their aggressive entry into quick commerce services. ...Less

Mayank Khanduja is in advanced discussions to join Bessemer Venture Partners. He is expected to join the ...More

Mayank Khanduja is in advanced discussions to join Bessemer Venture Partners. He is expected to join the firm over the next three to four weeks. Khanduja previously spent nearly fifteen years at Elevation Capital. Bessemer aims to strengthen its presence at the seed stage with his expertise. This move adds to the ongoing churn within India's venture capital ecosystem. ...Less

People familiar with the discussions said the IPO pricing received from large institutional investors for ...More

People familiar with the discussions said the IPO pricing received from large institutional investors for Zepto’s anchor book was in the $2.5-3 billion range. This marked a further reduction from the $3.5-4 billion valuation that was being discussed earlier in July, and was significantly below the $7 billion valuation at which the company raised its last private funding round in October last year. ...Less

Flipkart will launch its food delivery pilot next month, CEO Kalyan Krishnamurthy said. This and more in ...More

Flipkart will launch its food delivery pilot next month, CEO Kalyan Krishnamurthy said. This and more in today’s ETtech Top 5. ...Less

The Indian stock market rallied around 3% over the last week, recouping its early losses despite global v ...More

The Indian stock market rallied around 3% over the last week, recouping its early losses despite global volatility. Analysts expect the market's direction in the coming week to hinge on the RBI MPC meeting outcome, oil prices, corporate earnings and other key domestic and global cues. ...Less

Nykaa reported strong quarterly growth, on the back of healthy sales across its businesses. This and more ...More

Nykaa reported strong quarterly growth, on the back of healthy sales across its businesses. This and more in today's ETtech Top 5. ...Less

Infosys announced on Thursday that company veteran Ashiss Kumar Dash will be the CEO from April 2027. Thi ...More

Infosys announced on Thursday that company veteran Ashiss Kumar Dash will be the CEO from April 2027. This and more in today’s ETtech Top 5. ...Less

ET had first reported in February about Flipkart’s plans to foray into an industry dominated by Eternal-o ...More

ET had first reported in February about Flipkart’s plans to foray into an industry dominated by Eternal-owned Zomato and Swiggy. On Friday, Eternal’s shares were down 2.3% at Rs 280 on the BSE, while Swiggy’s stock was down 3.9% at Rs 251.40. ...Less

Asian stocks advanced as chip shares revived artificial intelligence trade confidence. South Korea's Kosp ...More

Asian stocks advanced as chip shares revived artificial intelligence trade confidence. South Korea's Kospi Index surged over fourteen percent, rebounding strongly. Japan's shares also gained, lifting the regional MSCI Asia Pacific gauge. The yen held its gains after authorities intervened to support the nation's currency. Attention remains on the Bank of Japan's policy decision announcement Friday. ...Less

Food delivery platforms now list Jantar Mantar as a protest site address. Order values and frequency have ...More

Food delivery platforms now list Jantar Mantar as a protest site address. Order values and frequency have surged significantly day-on-day since Monday. Brands are stepping up supplies to meet the increased demand from the protest location. Some outlets doubled as first-aid centers during recent events. Delivery riders continue to provide essential services to students late into the night. ...Less

The asset managers, among the biggest investors in recent IPOs, have told Bengaluru-based Zepto's represe ...More

The asset managers, among the biggest investors in recent IPOs, have told Bengaluru-based Zepto's representatives in recent discussions that they would not be comfortable subscribing to the issue even at the lower valuation being considered by the company, three people familiar with the matter told ET. ...Less

On the impact of the competition from Toing and Ownly, Deepinder Goyal said, “The impact has been limited ...More

On the impact of the competition from Toing and Ownly, Deepinder Goyal said, “The impact has been limited. These platforms are offering the same restaurants, similar or longer delivery times, and lower prices funded by lower commissions and delivery fees, making the revenue gap even more unsustainable… The customer traction is purely price-driven.” ...Less

Happy Friday! Flipkart group CEO Kalyan Krishnamurthy talked to us about IPO plans, quick commerce, and f ...More

Happy Friday! Flipkart group CEO Kalyan Krishnamurthy talked to us about IPO plans, quick commerce, and festive demand. That and more in today’s ETtech Morning Dispatch. ...Less

KPIT Technologies reported a 32% YoY decline in Q1 FY27 net profit to Rs 117 crore, but its shares surged ...More

KPIT Technologies reported a 32% YoY decline in Q1 FY27 net profit to Rs 117 crore, but its shares surged 10% to Rs 662.65 as revenue grew 9% to Rs 1,675 crore, slightly topping management's previous outlook. The company also announced a final dividend of Rs 5.25 per share. ...Less

Happy Wednesday! Atomberg Technologies is in talks to raise funding for its engineering arm ahead of a pu ...More

Happy Wednesday! Atomberg Technologies is in talks to raise funding for its engineering arm ahead of a public listing. This and more in today's ETtech Morning Dispatch. ...Less

Ecommerce firms have deposited a mandated welfare fee with the Karnataka High Court. This action complies ...More

Ecommerce firms have deposited a mandated welfare fee with the Karnataka High Court. This action complies with the court's interim order regarding gig worker welfare. Platforms deposited the fee by the July 23 deadline for the April-June quarter. The court's order aims to balance interests of all parties involved. The next hearing for this case is scheduled for August 14. ...Less

Eternal's CEO Deepinder Goyal downplayed competition from Rapido and Swiggy's budget food delivery servic ...More

Eternal's CEO Deepinder Goyal downplayed competition from Rapido and Swiggy's budget food delivery services. He stated these low-cost offerings have had a limited impact on their business. Goyal emphasized Eternal's focus on its Bistro initiative for supply chain innovation. This new model aims to make food delivery viable at lower price points. Other companies also prioritize long-term growth over competing solely on price. ...Less

A professional's unusual CV sparked a LinkedIn discussion on career evaluation. He realized his career in ...More

A professional's unusual CV sparked a LinkedIn discussion on career evaluation. He realized his career involved consistent organizational transformation across diverse industries. This perspective shifted how he now assesses talent and their problem-solving abilities. LinkedIn users echoed the sentiment, highlighting behavioral patterns over industry labels. Careers are defined by challenges overcome, not just the sectors worked in. ...Less

India's food regulator has mandated that beverage brands discontinue the 'energy drink' label. This direc ...More

India's food regulator has mandated that beverage brands discontinue the 'energy drink' label. This directive entails a compliance period of ninety days and affects many leading brands. Industry representatives have raised alarms regarding potential damage to brand reputations and the risk of consumer misunderstanding. The regulatory action aligns with international scrutiny surrounding the health implications of high caffeine and sugar content in such drinks. ...Less

Zepto has introduced an invite-only paid membership program called Zepto Club. This new offering provides ...More

Zepto has introduced an invite-only paid membership program called Zepto Club. This new offering provides members with flat five percent cashback and priority delivery. The program marks Zepto's return to subscription services after earlier attempts. Zepto Club competes directly with Swiggy's similar membership offering for customers. This move is part of Zepto's strategy to enhance its customer offerings. ...Less

Swiggy and Hindustan Petroleum announced a new partnership for cooking gas cylinder deliveries. This serv ...More

Swiggy and Hindustan Petroleum announced a new partnership for cooking gas cylinder deliveries. This service marks India's first quick-commerce app delivery of cooking gas. Initially, smaller 5kg and 10kg cylinders will be delivered to customers. An existing HP Gas connection is not required for purchasing these cylinders. The pilot program will begin in Bengaluru before expanding to other cities. ...Less

Flipkart, which flipped back its domicile to India from Singapore in March, was preparing to tap the dome ...More

Flipkart, which flipped back its domicile to India from Singapore in March, was preparing to tap the domestic capital market, according to people aware of the matter. Krishnamurthy pushed back on a pre-IPO fundraise said to be aimed at ascertaining valuation. ...Less

The sharp rise in revenues was driven by Eternal-owned quick commerce platform Blinkit's transition to th ...More

The sharp rise in revenues was driven by Eternal-owned quick commerce platform Blinkit's transition to the inventory model, which changed its accounting method. The expansion in net profit was supported by Blinkit's improving operating performance. ...Less

Swiggy shares fell over 2% on Monday, extending losses for a second session after the Food Safety and Sta ...More

Swiggy shares fell over 2% on Monday, extending losses for a second session after the Food Safety and Standards Authority of India (FSSAI) issued nine notices to Swiggy Instamart over consumer complaints alleging food safety violations. The regulator has sought a detailed explanation, compliance report and documentary evidence, warning that failure to comply could invite legal action. ...Less

Zepto Ltd. seeks a lower IPO valuation, reflecting industry cash burn concerns. Foreign investors indicat ...More

Zepto Ltd. seeks a lower IPO valuation, reflecting industry cash burn concerns. Foreign investors indicate interest at $4.5 billion, while domestic ones value it lower. This contrasts sharply with its $7 billion valuation from last October's fundraise. The company aims to raise $850 million through its initial public offering. Proceeds will fund network expansion and technological infrastructure improvements. ...Less

Swiggy and Eternal shares have seen significant gains recently. Swiggy's domestic ownership crossing fift ...More

Swiggy and Eternal shares have seen significant gains recently. Swiggy's domestic ownership crossing fifty percent boosted investor confidence. Analysts express bullish views on both companies' long-term growth prospects. Eternal's quick commerce segment shows promising EBITDA positive results. Investors should monitor competition and valuation dynamics closely. ...Less

Bharat Petroleum Corporation Ltd has launched Bharatgas Lite ZIP for premium LPG customers. This new offe ...More

Bharat Petroleum Corporation Ltd has launched Bharatgas Lite ZIP for premium LPG customers. This new offering provides instant connections and express delivery services. The company plans to expand this service to 100 additional cities by August 2026. This launch follows a similar initiative by Hindustan Petroleum Corporation Ltd. These moves indicate a growing competition in the premium LPG market. ...Less

Eternal reported a significant jump in its revenue and profit for the first quarter of FY27. This and mor ...More

Eternal reported a significant jump in its revenue and profit for the first quarter of FY27. This and more in today’s ETtech Top 5. ...Less

Quick-commerce operators are densely expanding dark stores within existing neighborhoods. Blinkit, Flipka ...More

Quick-commerce operators are densely expanding dark stores within existing neighborhoods. Blinkit, Flipkart Minutes, and Amazon Now significantly increased their store counts recently. This intense competition focuses on metro cities where demand is highest. Companies aim to capture customer habits and defend broader e-commerce businesses. Denser networks are crucial for meeting delivery timelines and improving economics. ...Less

Quick commerce platforms are preparing for a gourmet grocery war with Zepto, Flipkart Minutes and Amazon ...More

Quick commerce platforms are preparing for a gourmet grocery war with Zepto, Flipkart Minutes and Amazon Now launching premium grocery offerings. Swiggy's Instamart and Blinkit are also expanding their premium produce selections. New platforms and D2C brands focused on clean food are gaining investor attention. ...Less

In a notable financial move, major investors like Norges and Motilal Oswal are expressing a keen interest ...More

In a notable financial move, major investors like Norges and Motilal Oswal are expressing a keen interest in Zepto's upcoming initial public offering, which is valued at approximately Rs 11,000 crore. The anchor book is approaching its closure, with these investors poised to capture a substantial share. Zepto's valuation for this IPO stands at an impressive $5.1 billion, aligning with the burgeoning growth of India's quick commerce sector. ...Less

Food delivery companies are adapting strategies to attract everyday officegoers. Swiggy and Zomato offer ...More

Food delivery companies are adapting strategies to attract everyday officegoers. Swiggy and Zomato offer value meals and targeted discounts to customers. Ownly and Rebel Foods explore different pricing and occasion-based models. These platforms aim to make ordering food a regular habit. Affordability and varied offerings are key to future growth. ...Less

Online delivery platforms and restaurants experienced increased orders ahead of the FIFA World Cup final. ...More

Online delivery platforms and restaurants experienced increased orders ahead of the FIFA World Cup final. Quick commerce apps offered discounts and ran games to boost customer engagement. Industry experts said micro-events are increasingly becoming a growth driver for online delivery apps, as users seek instant gratification and convenience. ...Less

A viral X post claiming that a techie quit his Rs 1.5 lakh-a-month Mumbai job, moved back to his hometown ...More

A viral X post claiming that a techie quit his Rs 1.5 lakh-a-month Mumbai job, moved back to his hometown and now earns around Rs 4 lakh every month has triggered a heated debate online. While many praised the reported shift from corporate life to entrepreneurship, others questioned the financial calculations, including the sale of a Rs 3 crore flat, tax implications and the profitability of the restaurants mentioned in the post. ...Less

India's food regulator, FSSAI, issued nine notices to Swiggy Instamart. These notices followed multiple c ...More

India's food regulator, FSSAI, issued nine notices to Swiggy Instamart. These notices followed multiple consumer complaints alleging unsafe food products were delivered. Expired, spoiled, and contaminated items were reportedly supplied through the quick commerce platform. FSSAI has demanded detailed explanations and compliance reports from Swiggy Instamart. Failure to comply may result in legal action under the FSS Act. ...Less