Tag: Blinkit
Blinkit signals costly battle ahead in Indian quick commerce market
Quick commerce leader Blinkit is accelerating its expansion and expects continued losses as competition intensifies in India’s instant delivery market.
The Zomato-owned company now...
Zomato raises $1 billion in first major fundraise since 2021 listing
Zomato has raised $1 billion through a so-called qualified institutional placement, completing its first major fundraise since its 2021 IPO.
The food delivery...
Zepto raises another $350 million amid retail upheaval in India
Zepto has secured $350 million in new funding, its third round of financing in six months, as the Indian quick-commerce startup strengthens its...
Meesho claims Indian e-commerce first with positive cash flow
Meesho has become India’s first horizontal e-commerce firm to generate positive cash flow, marking a significant shift in a market where profitability has...
India’s Zomato to raise $1B ahead of rival Swiggy IPO
Zomato said on Tuesday its board had approved the company’s proposal to raise $1 billion through a so-called qualified institutions placement, its first...
Zepto, snagging $1 billion in 90 days, projects 150% annual growth
Zepto co-founder Aadit Palicha told a group of analysts and investors on Tuesday that the Indian delivery startup anticipates growth of 150% in...