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Zepto elevates Ankit Agarwal to Chief Product Officer Online grocery delivery company Zepto on Friday announced the elevation of Ankit Agarwal from SVP of Product to the position of Chief Product Officer. With over 13 years of product experience in companies such as Flipkart and Delhivery, Agarwal joined Zepto in August 2022 to lead the entire fulfilment charter, spanning the entirety of supply chain, last mile and finance tech. “We've been able to ship world class technology over the last year; everything from building our entir...
Zepto elevates Ankit Agarwal to Chief Product Officer
Zepto elevates Ankit Agarwal to Chief Product Officer
Source: IANS
8/09/2023 11:02:40 AM
Indian food delivery firm Swiggy restarts IPO plans, aims for 2024 listing Swiggy, the Softbank-backed food delivery company, is eyeing a 2024 stock market listing and has initiated talks with bankers to assess its valuation, after halting the process for months due to weak markets, three sources with direct knowledge of the matter said. Swiggy, which delivers food from restaurants and also groceries, was valued at $10.7 billion in its last fundraising in 2022 but like many Indian startups put its IPO plans on hold amid a funding crunch and investor concerns abou...
Indian food delivery firm Swiggy restarts IPO plans, aims for 2024 listing
Indian food delivery firm Swiggy restarts IPO plans, aims for 2024 listing
Source: Reuters
26/08/2023 9:53:57 AM
India gets its 1st unicorn of 2023 in Zepto which raises $200 mn Ending the unicorn drought in India amid the ongoing funding winter, online grocery company Zepto on Friday announced it has raised $200 million in its Series E round, valuing the company at $1.4 billion. The fundraise brought in new investors, with the StepStone Group leading the round. US-based Goodwater Capital joined the round as a new investor. Existing investors like Nexus Venture Partners, Glade Brook Capital, Lachy Groom and more, doubled down in Zepto with meaningful follow-on ...
India gets its 1st unicorn of 2023 in Zepto which raises $200 mn
India gets its 1st unicorn of 2023 in Zepto which raises $200 mn
Source: IANS
25/08/2023 2:16:13 PM
Food-tech startup Pluckk acquires 100% stake in Meal Kit brand KOOK Pluckk, a first-of-its-kind digital lifestyle-oriented fresh food brand in the Fruits and Vegetables (F&V) space, has announced the acquisition of KOOK, an Indian food-tech startup that offers a range of DIY Meal Kits for consumers, at a deal value of $ 1.3 million through a combination of cash and equity. KOOK offers DIY Meal Kits that make cooking easier for everyone by providing pre-portioned ingredients and easy-to-follow recipes. With a reputation for catering to various dietary p...
Food-tech startup Pluckk acquires 100% stake in Meal Kit brand KOOK
Food-tech startup Pluckk acquires 100% stake in Meal Kit brand KOOK
Source: IANS
2/05/2023 11:52:38 AM
Zypp Electric to deploy 1 lakh e-scooters for Zomato by 2024 Zypp Electric on Tuesday said it will deploy 1 lakh e-scooters for online food delivery platform Zomato by 2024. The company said that the association is part of a larger plan of Zomato to go completely electric by 2030. "This association will enable us to significantly reduce carbon emissions and bring more sustainable last-mile delivery options to our customers. We look forward to working together to create more efficient and environment friendly deliveries," said Mohit Sard...
Zypp Electric to deploy 1 lakh e-scooters for Zomato by 2024
Zypp Electric to deploy 1 lakh e-scooters for Zomato by 2024
Source: IANS
25/04/2023 11:01:35 AM
Howdyy partners with Zepto to offer 10-minute delivery on Electric Vehicle Howdyy, India’s biggest SaaS-enabled and sustainable last-mile delivery startup, today announced its strategic association with homegrown e-grocery service Zepto for last-mile deliveries. The association aims to promote eco-conscious deliveries to help Zepto deliver orders to its customers in under ten minutes.   While the pilot began a few months ago in three cities- Bangalore, Delhi, and Mumbai; the project's success has strengthened the association's foundation suc...
Howdyy partners with Zepto to offer 10-minute delivery on Electric Vehicle
Howdyy partners with Zepto to offer 10-minute delivery on Electric Vehicle
Source: PR Agency
21/02/2023 12:32:12 PM
Food-tech venture Pluckk records $5million annualised revenue run rate in Oct Pluckk, a fresh produce food-tech venture owned by Fruveggie Tech Pvt Ltd., has clocked record revenues of $5 million in a short span of time since its launch in January 2022, making it one of the fastest growing D2C brands in the Fruits & Vegetables (FnV) category. The revenue growth was driven by the launch of the PLUCKK app in April which contributed to its stellar growth with 100k downloads in just three months. The company also announced its expansion in Delhi-NCR, where the pi...
Food-tech venture Pluckk records $5million annualised revenue run rate in Oct
Food-tech venture Pluckk records $5million annualised revenue run rate in Oct
Source: IANS
28/11/2022 12:24:56 PM
10-minute delivery platform Zepto partners Zypp Electric  E-logistics service provider Zypp Electric on Monday said it has expanded its partnership with 10-minute grocery delivery platform Zepto to further facilitate last-mile deliveries in a greener way.  Zypp is currently serving 50 Zepto hubs in Delhi-NCR and plans to grow its partnership by 10 times in the next 12 months by doubling its fleet and areas of servicing nationally.   “In this first leg of our partnership, we have collectively helped reduce 1.62 lakh carbon...
10-minute delivery platform Zepto partners Zypp Electric
10-minute delivery platform Zepto partners Zypp Electric
Source: IANS
18/07/2022 3:27:29 PM
10-minute delivery startups ready to defy downturn as demand surges As a pale of gloom shrouds the Indian startup ecosystem amid funding drought after a strong bull run, the quick commerce (10-minute delivery) segment is brewing with new hope as people prefer groceries and other home essentials at their doorsteps within no time after making an online order. Startups like Swiggy Instamart, Zepto, and Reliance-backed Dunzo, etc are trying to defy the current slowdown, as they add more goods and daily essentials to their kitty and deliver them to their custom...
10-minute delivery startups ready to defy downturn as demand surges
10-minute delivery startups ready to defy downturn as demand surges
Source: IANS
29/05/2022 12:56:40 PM
10-min online delivery platform Zepto raises $200 mn Ten-minute delivery platform Zepto on Tuesday said it has raised $200 million, taking its valuation to around $900 million. Just nine months after launching, Zepto posted a record 800 per cent revenue growth in the last quarter. "We maintained a phenomenal 88-point NPS (net promoter score) and 60 per cent 'month-1 buyer retention' at scale. This execution over the past few months has made it clear to investors that Zepto will be one of the winners in Indian Q-Commerce,"...
10-min online delivery platform Zepto raises $200 mn
10-min online delivery platform Zepto raises $200 mn
Source: IANS
3/05/2022 10:46:35 AM