zomato

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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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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M&A can open up the playing field for the competition

Venture /

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. Despite it being summer, this week was rich with announcements. Let’s dive in. Most interesting startup stories from the week Image Credits: Niharika Kulkarni / NurPhoto / Getty Images No two businesses

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Zomato buys Paytm’s entertainment ticket business for $244 million

Media & Entertainment /

Zomato, the Indian food delivery giant, has acquired the entertainment ticketing business of financial services firm Paytm for $244.1 million, signaling a strategic move to expand its “going out” offerings. The acquisition, among the largest M&A deals among new-age Indian tech companies, includes Paytm’s ticketing services for movies, sports, and events. As part of the

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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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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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Can quick commerce leapfrog e-commerce in India?

Commerce /

Even as quick commerce startups are retreating, consolidating or shutting down in many parts of the world, the model is showing encouraging signs in India. Consumers in urban cities are embracing the convenience of having groceries delivered to their doorstep in just 10 minutes. The companies making those deliveries — Blinkit, Zepto and Swiggy’s Instamart

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Zomato’s quick commerce business now more valuable than its food delivery, says Goldman Sachs

Market Analysis /

Goldman Sachs said in a report late Thursday that Indian food delivery giant Zomato’s quick commerce arm Blinkit is now more valuable than its core food delivery business, as per the bank’s sum-of-the-parts analysis. The investment bank estimates Blinkit’s implied value at 119 Indian rupees per share ($1.43) or about $13 billion, while Zomato’s food

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