Zepto

Meesho claims Indian e-commerce first with positive cash flow

Commerce /

Meesho has become India’s first horizontal e-commerce firm to generate positive cash flow, marking a significant shift in a market where profitability has long remained elusive even as new competitive threats emerge. The SoftBank and Prosus-backed startup, which serves customers in smaller Indian cities and towns, reported positive operating cash flow of ₹232 crores ($27.6 […]

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Zepto eyes $100M from Indian offices in third funding in 6 months

Startups /

Zepto is in advanced stages of talks to raise $100 million in new investment, its third in the last six months, as the leading Indian quick commerce startup looks to rope in more domestic investors, sources familiar with the talks told TechCrunch. The Mumbai-headquartered startup, which allows customers in multiple Indian cities order grocery, office

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Swiggy escalates India quick commerce battle with 10-minute meals

Apps /

Swiggy, India’s leading food delivery startup, said Friday it has started to deliver meals in 10 minutes across parts of major cities, intensifying the quick commerce race in the world’s second-largest internet market.  The Bengaluru-headuartered startup, which is targeting to go public in about a month, said it has partnered with more than 2,700 restaurants,

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Lyft restructures its micromobility business and Volkswagen brings ChatGPT to US vehicles 

Transportation /

Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! Short week, shorter newsletter. For all the U.S.-based readers, I hope you had an enjoyable Labor Day.  Before we jump into the news fray, here is one

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Zepto, snagging $1 billion in 90 days, projects 150% annual growth

Commerce /

Zepto co-founder Aadit Palicha told a group of analysts and investors on Tuesday that the Indian delivery startup anticipates growth of 150% in the next 12 months, a remarkable figure suggesting the fast-growing quick commerce market in India is showing no signs of slowing down. Palicha shared these insights during a call organized by an

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Zepto hits $5B valuation as quick commerce heats up in India

Commerce /

Indian grocery delivery startup Zepto has finalized a $340 million round that values it $5 billion, up from $3.6 billion in June and $1.4 billion last August, as the startup races to win market share in India’s contested quick-commerce market. sources familiar with the deal told TechCrunch. General Catalyst and Mars Growth Capital are co-leading

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Flipkart blitzes into India’s 10-minute quick delivery battle

Commerce /

India’s fast-growing quick commerce market is getting a new deep-pocketed entrant: Walmart-owned Flipkart, India’s largest e-commerce firm. Flipkart has started to roll out Flipkart Minutes, its quick commerce service, in parts of Bengaluru. The new service offers customers the ability to have a wide range of items, from grocery to smartphones, delivered to them within

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Zepto, a 10-minute delivery app, raises $665 million at $3.6 billion valuation

Commerce /

Zepto has more than doubled its valuation to $3.6 billion from $1.4 billion in less than a year in a new funding round of $665 million as the Mumbai-based startup intensifies the quick commerce competition in the world’s second largest internet market. Zepto sells and delivers everything from grocery items to electronic gadgets within 10

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