Indian food delivery company Swiggy’s stock fell below both its IPO price and its last private valuation as mounting losses and a wavering market position in quick commerce pressured its margins in the last quarter. The food delivery company’s stock fell as low as ₹374.80 ($4.29) on Thursday below its November IPO price of ₹390,…
Category: Zepto
Asia Pacific, Global Security News, India, Singapore, Startups, Zepto
Zepto shifts domicile to India as local listings gain appeal
Quick commerce startup Zepto has completed its shift of domicile from Singapore to India, joining a growing wave of Indian startups moving their headquarters back home ahead of public listings. The transition marks the fastest domicile shift to India by a foreign-headquartered startup, according to Zepto’s chief financial officer Ramesh Bafna. The Indian authorities recently…
Blinkit, Commerce, Global IT News, Global Security News, India, Quick commerce, Zepto, zomato
Blinkit signals costly battle ahead in Indian quick commerce market
Zomato’s quick commerce unit Blinkit is accelerating its expansion and expects continued losses as competition intensifies in India’s instant delivery market. Blinkit now aims to reach 2,000 dark stores – small warehouses in residential areas that exclusively service online orders – by December 2025, a year ahead of its previous guidance, after exceeding 1,000 stores…