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How Zepto Revolutionized the Grocery Delivery Market in India
VCCircle
·
1y ago
Medial
Zepto, a hyperlocal grocery delivery startup in India, has disrupted the market with its promise of delivering groceries to customers' doorsteps within 10 minutes. Founded by Aadit Palicha and Kaivalya Vohra, Zepto uses mini-warehouses called dark stores strategically placed across cities, along with efficient logistics and tech-powered precision, to ensure speedy deliveries. Within a year of launch, Zepto expanded to 10 major cities in India, attracting time-starved urban customers. Despite facing skepticism and competition from industry giants, Zepto's customer-centric approach and operational excellence have propelled its success and inspired innovation beyond groceries.
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Zepto’s valuation rockets to $5 billion as investors double down on India’s e-commerce boom
Livemint
·
11m ago
Medial
Indian online grocery startup Zepto has seen its valuation surge to $5 billion after a recent funding round led by General Catalyst Partners. The $340 million funding round also saw participation from new investors Dragon Fund and Epiq Capital, while existing investors like Lightspeed Venture Partners increased their stakes. Zepto plans to double its warehouse count to over 700 by 2025 and is reportedly preparing for a public listing in the near future. The company faces competition from major players such as Amazon India, Swiggy, Zomato, and BigBasket in the fiercely competitive grocery delivery market.
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Zepto eyes large orders with dark store expansion
Livemint
·
1y ago
Medial
Quick-commerce company Zepto is planning to establish larger dark stores to accommodate a wider range of products. The move comes as the online grocery platform aims to expand into non-grocery delivery and attract investors. These bigger storage facilities will act as hubs for delivering high-value items like electronics, appliances, and luxury goods within minutes. Zepto currently operates around 250 dark stores across major cities in India. The company's revenue grew significantly in FY23, but it also faced widening losses. Zepto is now looking to raise fresh funds ahead of a potential public listing in 2026.
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Unicorn Zepto elevates Ankit Agarwal to role of Chief Product Officer (CPO)
IndianStartupNews
·
1y ago
Medial
Ankit Agarwal has been promoted to the position of Chief Product Officer (CPO) at Zepto, the instant grocery delivery platform recently named a unicorn. Ankit, who joined Zepto in August of the previous year, will oversee the product from end to end, including consumer experience, supply chain, and last-mile delivery. Prior to joining Zepto, he held leadership roles at companies such as Flipkart, Delhivery, and Adobe, and co-founded Orinko, a VC fund startup. Zepto recently secured $200 million in funding, valuing the company at $1.4 billion.
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Quick commerce companies quizzed by government over FDI, operating model
Economic Times
·
7m ago
Medial
The Indian government is scrutinizing quick commerce companies like Blinkit, Swiggy Instamart, Zepto, and Bigbasket over their foreign direct investment (FDI) compliance and impact on small retailers. Officials are concerned about potential violations, road safety issues from rapid delivery, and the effect on kiranas. Despite rapid growth and capital raising by companies, the Confederation of All India Traders claims these firms misuse FDI to disrupt the retail market, posing threats to small grocery shops.
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Amazon joins quick commerce race, to focus on beauty and home next
Economic Times
·
5m ago
Medial
Amazon has launched its quick delivery service, Amazon Now, in select Bengaluru areas, expanding beyond an initial employee-only pilot. The initiative focuses on quick delivery of items, primarily grocery and daily essentials, with plans to add beauty, home, and kitchen categories. This entry into the quick commerce sector is part of a strategy amid growing competition. Amazon's service is set against rivals like Flipkart, Swiggy Instamart, Blinkit, and Zepto, amid a projected market growth.
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BigBasket turnover declines in FY25 amid rising quick commerce competition - The Economic Times
Economic Times
·
15d ago
Medial
BigBasket, backed by Tata Digital, saw its FY25 turnover drop due to intense competition from Blinkit and Zepto in the quick commerce market. Innovative Retail Concepts’ revenue decreased by 3% to Rs 7,673 crore, with losses escalating to Rs 1,851 crore. Tata Group, which holds a significant stake, previously expressed concerns over BigBasket's performance. The company shifted from scheduled grocery delivery to quick commerce, including a 10-minute delivery service, BB Now.
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Zepto Eyes $250M Secondary Sale to Boost Indian Ownership Ahead of IPO
OutlookIndia
·
4m ago
Medial
Zepto, a quick-commerce start-up, is negotiating a $250 million secondary sale to increase Indian investor ownership from 33% to 50% before its planned IPO either later this year or in early 2026. The sale involves discussions with Motilal Oswal and Edelweiss Financial Services for purchasing shares. The transaction aims to enhance Indian ownership without raising additional capital, while current investors have an opportunity to cash out. Zepto competes in the Indian grocery delivery market and recently expanded into electronics.
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Swiggy integrates Mall offering with Instamart
Economic Times
·
1y ago
Medial
Food delivery platform Swiggy is integrating its Mall service with its quick commerce service Instamart. Swiggy Mall currently operates in select areas of Bengaluru and offers a range of non-grocery items. The move comes as competitors Zepto and Blinkit are also expanding beyond grocery products. Quick commerce platforms are experiencing robust growth in non-grocery categories, leading to the emergence of smaller direct-to-consumer brands seeking to join these platforms.
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Nearly 86% of online grocery buyers look at product quality, says report
YourStory
·
1y ago
Medial
A study by LocalCircles reveals that product quality is the top priority for 86% of online grocery buyers. Factors like value for money and delivery time are crucial as well. The study also shows a change in purchasing patterns, with more consumers ordering groceries as needed instead of in bulk. Quick delivery platforms like Zepto and Blinkit, offering delivery within 30 minutes, have gained popularity. The study also highlights consumer preferences for different delivery timeframes. Gen Z consumers are more willing to pay for faster delivery. Automated refunds and efficient processes are also preferred by consumers. The study evaluated platforms based on various factors, with Amazon Fresh, Zepto, and Flipkart leading in different categories. Challenges like expired products and quality issues were also observed. The study suggests that established platforms need to speed up delivery times, while quick delivery services need to improve value and quality. The online grocery sector is rapidly evolving, with broad demographic participation and adoption in Tier III and IV districts.
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Who is Kaivalya Vohra, youngest Indian on Hurun rich list at 21? Check details | Mint
Livemint
·
11m ago
Medial
Kaivalya Vohra, the co-founder of Zepto, a quick commerce app, has been named the youngest person on the Hurun India Rich List 2024. At only 21 years old, Vohra has a net worth of around ₹3,600 crore and has been listed for the third time. He initially founded Zepto with his friend Aadit Palicha as an online grocery delivery platform named Kiranakart. The platform later evolved into Zepto and achieved unicorn status with a valuation of $1.4 billion. Vohra has also been recognized on Forbes' 30 under 30 Asia list.
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