Quick commerce firms deepen battle for orders in the same pin codes: ReportQuick-commerce operators are densely expanding dark stores within existing neighborhoods. Blinkit, Flipkart Minutes, and Amazon Now signifi...
Zepto may cut IPO size by 20%; investor bids peg valuation at $3.5-4 billion: sourcesZepto is expected to announce its price band over the next seven to eight days, another person said. Sebi rules require companies to refile...
Zepto IPO anchor book nears closure; Norges, Motilal Oswal may take 40-45%In a notable financial move, major investors like Norges and Motilal Oswal are expressing a keen interest in Zepto's upcoming initial publi...
Zepto may downsize IPO; Tata's legacy chip betZepto is considering slashing the size of its public issue amid pushback from domestic investors. This and more in today’s ETtech Top 5.
Zepto said to face sharply lower valuation for IPOZepto Ltd. seeks a lower IPO valuation, reflecting industry cash burn concerns. Foreign investors indicate interest at $4.5 billion, while ...
Upmarket invasion: How India's quick commerce giants are crowding out specialist gourmet playersIndian quick-commerce platforms are now targeting affluent households with premium products. This strategic shift aims to improve profitabi...
BigBasket trims footprint as new CEO takes on profitability mandateBigBasket's new chief executive Amit Nanda, a former Amazon India executive, has been tasked with making the business profitable amid inten...
After Zomato, Deepinder Goyal bets on health tech and aerospaceDeepinder Goyal is preparing to launch Temple, a forehead-worn wellness device that measures the body's metabolic state in real time, marki...
Quick commerce platforms gear up for gourmet grocery warQuick commerce platforms are preparing for a gourmet grocery war with Zepto, Flipkart Minutes and Amazon Now launching premium grocery offe...
Inside an IIM Ahmedabad student's monthly budget: Rs 14,000 on food, Rs 2,000 on social lifeIIM Ahmedabad student Vivek Kundu shared a breakdown of his monthly expenses, revealing he tries to keep his spending below Rs 25,000 and m...
Swiggy, Eternal shares jump up to 20% in one month. Should you buy or avoid?Swiggy and Eternal shares have seen significant gains recently. Swiggy's domestic ownership crossing fifty percent boosted investor confide...
ETtech Explainer: Why quick commerce business models are under scrutinyUnder India’s foreign direct investment (FDI) rules, companies with a majority foreign ownership can only operate on a marketplace model. I...
ETtech Explainer: Has Swiggy become Indian-owned after a drop in foreign ownership?The IOCC status will allow Swiggy’s quick commerce arm Instamart to own inventory, thereby improving margins and supply chain control. Howe...
Swiggy, Eternal surge up to 7%. Should investors chase the rally?Swiggy and Eternal shares rallied sharply on Thursday as investor sentiment improved on Swiggy's foreign ownership falling below 50% and op...
Put both eggs in one basket: Why merging Amazon and Tata's quick commerce business is a now or never ideaA combination could help both survive hypercompetition among more than half a dozen rivals, improve relevance, reach and range. The synergi...
Swiggy becomes majority Indian-owned as foreign shareholding drops below 50%The shift is significant for the food delivery and quick commerce major. In May, its shareholders had failed to pass a resolution to classi...
Blinkit to remain undisputed market leader despite Amazon, Flipkart's QC entry, says Anand Rathi, sees 43% upsideDespite concerns over Amazon and Flipkart intensifying competition in India's quick commerce market, Anand Rathi believes Blinkit remains t...