zepto

New-age insurer Acko, backed by General Atlantic and Accel, is gearing up for its IPO, aiming for an early 2027 launch. The company has appointed Morgan Stanley, ICICI Securities, and Kotak Securities as bankers. Acko targets a valuation of $2-2.5 billion, a significant increase from its previous $1.4 billion. This move comes as India's IPO market navigates global volatility.

An American content creator, 'Spicygori', expressed astonishment at India's rapid delivery services, particularly receiving a phone charger in under 10 minutes. This experience, unheard of even in the US, highlights India's 'quick commerce' revolution, where platforms like Blinkit and zepto deliver everything from groceries to electronics almost instantly, showcasing a modern digital India that surprises outsiders.

ITC's Sunfeast Farmlite introduces a new sugar-free cookie range, Choco Nut and Hazelnut & Oats, aiming to make mindful snacking satisfying without compromise. Focusing on taste and texture, these protein-rich, trans-fat-free options are now available on quick-commerce platforms, reflecting a subtle shift towards healthier choices in India's snacking habits.

Tata Sons' new ventures face mounting losses, with projections for FY26 reaching Rs 29,000 crore. This sharp increase has raised concerns, impacting leadership decisions. Tata Digital and Air India are major contributors to these losses. A plan to control spending is expected soon. The group is reassessing strategies for these ambitious projects.

Amidst US-Iran tensions, fears of LPG shortages have sparked a meme fest in India, with citizens humorously envisioning coal cooking and hoarding induction stoves. The government assures ample fuel stocks, dismissing shortage reports as misinformation, while extending LPG booking intervals to curb hoarding and black marketing.

Flipkart has let go of approximately 400 to 500 employees this year. This number represents a higher percentage of its workforce than usual. The company cites low scores in annual performance reviews as the reason. Affected employees received the lowest possible rating. Flipkart states this is a standard operational process. The company is providing transition support to those departing.

A zepto software developer, Kritika Kumari, was stranded in Dubai amidst escalating Middle East conflict. Facing canceled flights and missile strikes, she and colleagues successfully navigated a complex journey via buses and taxis to Muscat, Oman. From there, they secured flights back to Bengaluru, highlighting the scramble for safety among Indians caught in the crossfire.

With the supply of gas dipping, consumers and different industries have been affected. Other sectors are also worried due to the effect the war is having on logistics.

Formula One driver Arvid Lindblad thrilled Indian fans at Red Bull Moto Jam, driving Sebastian Vettel's 2012 championship-winning RB8. The event, held in Noida, also featured a Holi-themed car display and showcased various Red Bull athletes. Lindblad expressed his excitement about connecting with his heritage and celebrating his upcoming F1 debut.

zepto has appointed Vikas Sharma as its new chief operating officer (COO) while Vinay Dhanani will take over as president, supply chain and category. Sharma has been currently holding the position of senior vice president of operations so far. Viral Jhaveri has been given an expanded role as zepto’s chief growth officer effective June 2023.

zepto has temporarily suspended its 10-minute food delivery service, zepto Cafe, in several North Indian cities due to supply chain challenges. This decision impacts 44 stores and approximately 700 gig workers, some of whom are being redeployed within the company.

zepto is launching a separate app, zepto Café, to deliver food items like chai, samosa, and pizza within 10 minutes. This move challenges established players like Zomato and Swiggy in the rapidly growing quick-commerce food delivery market.

zepto is accelerating its IPO plans, targeting to file draft papers by March or April, after securing domicile transfer approval from Singapore to India. A crucial NCLT hearing is scheduled for January 17, followed by a board meeting on January 19 to finalise IPO details.

Within nine months of its launch, quick commerce startup zepto has raised $200 million led by YCombinator that values the firm at around $900 million.

Within nine months of its launch, quick commerce startup zepto has raised $200 million led by YCombinator that values the firm at around $900 million. The round was backed by new investor Kaiser Permanente and existing investors, including Nexus Venture Partners, Glade Brook Capital, and Lachy Groom. zepto has raised $360 million till date.