Snabbit Raises $5.5 Million to Revolutionize Quick Commerce
In a significant move poised to reshape the quick commerce industry, Snabbit, a startup founded by former Zepto executive Ankit Kumar, has raised $5.5 million in a seed funding round.…
Why Zomato Is Betting Big on Blinkit?
Zomato, a leading player in India’s food delivery ecosystem, has injected Rs 500 crore (approximately $58 million) into its quick commerce subsidiary Blinkit. This marks the second major investment in…
Zepto Breaks Records: Everything You Need to Know
Quick commerce unicorn Zepto has made a remarkable achievement by tripling its annualized gross order value (GOV) to $3 billion (approximately Rs 24,500 crore) within just eight months. This rapid…
Startup and Business Ecosystem Highlight: 02 January 2025
The startup and business ecosystem is abuzz with significant developments, ranging from IPO preparations to funding announcements and strategic acquisitions. This article explores the latest updates in detail, showcasing the…
Swiggy Reports ₹625.5 Crore Net Loss in Q2 FY2024
Swiggy, one of India’s leading food delivery aggregators, has disclosed its financial results for the September quarter, marking its first quarterly report since going public last month. The company reported…
Quick Commerce: A Catalyst for India’s Innovation
Union Finance Minister Nirmala Sitharaman emphasized the importance of quick commerce as a transformative innovation during the India Ideas Conclave 2024 in Bengaluru. She highlighted its potential to brand India…
FSSAI Cracks Down on E-commerce and Quick Commerce Platforms
The Food Safety and Standards Authority of India (FSSAI) has intensified its oversight of e-commerce and quick-commerce platforms. Over the past three months, FSSAI and state food safety officers have…