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Aadit Palicha, Anu Hariharan, Blinkit, Contrary Capital, DST Global, Glade Brook Capital, goodwater capital, Lachy Groom, lightspeed venture partners, Nexus Venture Partners, Startups, StepStone, Swiggy, TC, Tech Industry, Tech News, Zepto, zomato

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

June 20, 2024

Manish Singh

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 m…
Read more: Zepto, a 10-minute delivery app, raises $665 million at $3.6 billion valuation
Amazon, Amazon India, Apps, Flipkart, Quick commerce, Swiggy, Swiggy Instamart, Tech Industry, Tech News, Walmart, Zepto, zomato

Can quick commerce leapfrog e-commerce in India?

June 17, 2024

Manish Singh

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 d…
Read more: Can quick commerce leapfrog e-commerce in India?
Blinkit, Instamart, market analysis, Startups, Swiggy, Tech Industry, Tech News, Zepto, zomato

Zomato’s quick commerce unit Blinkit eclipses core food business in value, says Goldman Sachs

April 25, 2024

Manish Singh

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 est…
Read more: Zomato’s quick commerce unit Blinkit eclipses core food business in value, says Goldman Sachs
Accel, india, Invesco, Prosus Ventures, Startups, Swiggy, Tech Industry, Tech News, zomato

Swiggy, the Indian food delivery giant, seeks $1.25 billion in IPO after receiving shareholder approval

April 24, 2024

Manish Singh

Swiggy plans to raise $1.25 billion in an initial public offering and has secured approval from its shareholders, the Indian food delivery and instant commerce startup disclosed in a filing to the local regulator. The Bengaluru-headquartered startup, w…
Read more: Swiggy, the Indian food delivery giant, seeks $1.25 billion in IPO after receiving shareholder approval
Blinkit, india, Instamart, Startups, Swiggy, Swiggy Instamart, Tech Industry, Tech News, yc continuity, Zepto, zomato

India’s Zepto zooms to $1.2B in annualized sales in 29 months, Goldman says

April 4, 2024

Manish Singh

Indian quick-commerce startup Zepto has surpassed the annualised sales milestone of $1 billion within just 29 months of its inception, Goldman Sachs wrote in a note Thursday, citing the Zepto management. The startup, which competes with Zomato-owned Bl…
Read more: India’s Zepto zooms to $1.2B in annualized sales in 29 months, Goldman says
Asia, Blinkit, Dunzo, Flipkart, Grofers, india, Instamart, Quick commerce, Reliance Retail, Startups, Swiggy, Tech Industry, Tech News, Walmart, Zepto, zomato

Zomato’s Blinkit sprints to quick commerce dominance in India

March 11, 2024

Manish Singh

Even as quick commerce is slowly fading in many markets and several heavily-funded startups have folded in the past two years, India is emerging as a striking outlier where the model remains vibrant. India’s quick commerce market has witnessed a …
Read more: Zomato’s Blinkit sprints to quick commerce dominance in India
india, Startups, Swiggy, Tech Industry, Tech News, Venture, zomato

Baron values Swiggy at $12.16B, above prior private market valuation

March 8, 2024

Manish Singh

Baron Capital, an investor in Indian food delivery startup Swiggy, has increased the value of its stake in the Indian firm, implying a valuation of $12.16 billion, surpassing the $10.7 billion post-money valuation at which Swiggy secured funding in ear…
Read more: Baron values Swiggy at $12.16B, above prior private market valuation
india, Mamaearth, Peak XV, Peak XV Partners, Sequoia, Sequoia Capital India, Tech Industry, Tech News, Venture, zomato

In Mamaearth, Peak XV finds its fourth 10x return since Sequoia separation

November 5, 2023

Manish Singh

In the oversubscribed IPO of Mamaearth, Peak XV Partners has found its fourth 10x or greater return within the six months since separating from the Sequoia family. The venture fund is sitting on an 10x return on its investment in Mamaearth, according t…
Read more: In Mamaearth, Peak XV finds its fourth 10x return since Sequoia separation
Invesco, Prosus Ventures, Softbank, Startups, Swiggy, Tech Industry, Tech News, Venture, zomato

Invesco raises Swiggy’s valuation to nearly $8 billion

October 17, 2023

Manish Singh

Conditions appear to be shifting favorably for India’s Swiggy. The food delivery startup — backed by SoftBank, Prosus and Accel — saw its paper valuation slashed by more than a half this year as investors marked their holdings largely…
Read more: Invesco raises Swiggy’s valuation to nearly $8 billion
Carl Pei, kamila, marques brownlee, nothing phone 1, OnePlus, oneplus 3, oneplus 3t, roland quandt, sony, Tech Industry, Tech News, technology internet, wojciechowska, zomato

Is Anything Really New Coming to the Nothing Phone (2)?

July 5, 2023

Kyle Barr

There’s nothing I would like more than for Nothing’s Phone (2) to actually look like a major upgrade from the company’s first cellular device to hit the market. But instead, all the hints we now have about CEO Carl Pei’s jump into a more premium phone …
Read more: Is Anything Really New Coming to the Nothing Phone (2)?

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Encircle News!

Category: zomato

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

Can quick commerce leapfrog e-commerce in India?

Zomato’s quick commerce unit Blinkit eclipses core food business in value, says Goldman Sachs

Swiggy, the Indian food delivery giant, seeks $1.25 billion in IPO after receiving shareholder approval

India’s Zepto zooms to $1.2B in annualized sales in 29 months, Goldman says

Zomato’s Blinkit sprints to quick commerce dominance in India

Baron values Swiggy at $12.16B, above prior private market valuation

In Mamaearth, Peak XV finds its fourth 10x return since Sequoia separation

Invesco raises Swiggy’s valuation to nearly $8 billion

Is Anything Really New Coming to the Nothing Phone (2)?

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