Swiggy’s Sriharsha Majety takes a swipe at Zepto: ‘Won’t chase volume growth with poor average order values’; Aadit Palicha responds
Zepto CEO Aadit Palicha, in an interview with Moneycontrol, hit back saying Instamart burns more cash per order than Zepto, escalating the face-off between India’s top quick commerce rivals.
Zepto breaches 20 lakh daily orders during Diwali; 40% higher than closest rival: CEO Aadit Palicha
Zepto clocked 2 million, 2.4 million and 2.1 million orders per day from October 18-20. Swiggy's Instamart delivered 1.4 million, 1.6 million and 1.6 million orders each day during the period, making it the the third largest player behind Blinkit and Zepto on an orders per day (OPD) basis, sources told Moneycontrol. Blinkit was the market leader with over 3 million orders.
BoAt IPO decoded: Smaller issue size, profit tailwinds, wearables slump and key risks
Backed by Warburg Pincus, the consumer-tech firm has bounced back to profitability but faces headwinds from a cooling wearables market, online channel dependence and thin margins.
NCLAT rejects GLAS Trust plea to stay Aakash EGM and rights issue
The tribunal held that Aakash’s Board is entitled to raise capital to meet its business requirements and cannot be prevented from doing so merely because one of its shareholders is undergoing Corporate Insolvency Resolution Process (CIRP).
Blinkit, Instamart, other quick commerce firms brace for higher competitive intensity after Zepto’s $450 mn fundraise: Analysts
Analysts say competitive pressure in India’s quick commerce space has been rising for several quarters, and Zepto’s recent fundraise is set to sharpen it further as Blinkit doubles store count, Instamart leans on discounts, and Reliance, Flipkart and Amazon expand into new city tiers
HomeLane revenue grows 22% to Rs 756 crore in FY25, losses narrow to Rs 80 crore
The home interiors firm turned EBITDA positive in Q4 FY25 and expects to close FY26 with full-year profitability, a HomeLane spokesperson told Moneycontrol.
How Vidit Aatrey, Meesho’s marathon man, turned pivots and discipline into an IPO-ready company
From WhatsApp boutiques to a billion orders, Vidit Aatrey’s Meesho cracked India’s value-conscious market. It will be the first major horizontal e-commerce platform to go public in India.
IPO-bound Meesho in Rs 127-crore arbitration dispute with AWS over unpaid cloud bills
Amazon Web Services has accused Meesho of non-payment and breach of contractual commitments. The e-commerce firm has hit back with a Rs 86-crore counterclaim alleging inadequate service and support
Cracker of a Diwali: Quick commerce drives record festive season sales for D2C brands
Sales are up two to three times from the previous year. Brands leaned on AI-driven forecasting, decentralised fulfilment and closer coordination with platforms to stay on schedule despite packed warehouses and worker shortages
Meesho IPO: Issue size, investor exits, financial report card and delivery risks decoded
Small-town shoppers made Meesho big — now the value-commerce platform is eyeing a Rs 4,250-crore IPO, with early investors set for bumper exits and the company betting big on tech and scale to steady its path to profitability.
ShareChat trims FY25 EBITDA loss by 72%, says core biz cashflow positive
The social media platform has tightened costs, diversified beyond ads and is now leaning on subscriptions and micro-dramas to drive growth in FY26
Zepto expands ESOP pool by $170 million to over $500 million
The move comes on the heels of the company’s $450 million Series H funding round, first reported by Moneycontrol, which values Zepto at $7 billion, up from $5 billion last year.
Blinkit to set up 3,000 dark stores by March 2027, says CEO Albinder Dhindsa
The quick commerce platform is doubling down on store density in India’s biggest cities even as rivals Swiggy, Zepto, Flipkart and Amazon intensify the battle for faster deliveries.
GST on delivery charges impacted Zomato’s growth, says Eternal CFO Akshant Goyal
Eternal expects demand recovery in Blinkit from Q3FY26 after GST rate cuts on essentials, but food delivery growth took a short-term hit as the new levy was passed on to customers.
Kuku lands $85 million funding led by Granite Asia to accelerate Kuku TV, Kuku FM expansion
The investment comes at a time when micro dramas are rapidly gaining popularity among Indian consumers
Startup Street: Can India’s home-grown technology alternatives enter the big league?
India has chosen openness and competition, which benefits users but unfortunately, raises the bar for homegrown challengers
Koo co-founder Mayank Bidawatka launches PicSee, an AI-led ‘mutual photo sharing’ app
The Bengaluru-based startup, backed by Blume Ventures and General Catalyst, uses facial recognition and encrypted on-device AI to enable automatic, consent-based photo exchanges between friends.
TCC Concept acquires 95.18% in Pepperfry for Rs 660 crore
The firm will issue 1.18 crore shares at Rs 557.94 apiece. The acquisition marks a turnaround for the omnichannel furniture brand, which had been scouting for buyers
Logistics firms brace for Diwali rush amid supply chain strain, worker crunch
From smart routing to predictive dashboards, 3PL players are using AI to ease warehouse congestion and keep India’s festive deliveries on schedule..
AI-powered gaming studio Airoclip bags $2.75 million from T-Accelerate Capital, Centre Court Capital, & Bitkraft
Airoclip relies on AI-driven personalisation and dynamic content generation to deliver casual gaming experiences from India for a global audience.
Video game industry body GDAI sets up Policy Secretariat ahead of India's online gaming law rollout
GDAI stated that Policy Secretariat will act as a bridge between policymakers, regulators, and the video games industry, ensuring that India’s gaming landscape receives an enabling regulatory environment.
Cashify enters Rs 1,000 crore revenue club in FY25, trims losses by 80%
The Amazon-backed re-commerce platform saw robust growth across its core refurbished devices business and ancillary services, even as disciplined cost control helped it improve margins and pare losses.
Nykaa Q2 update: Festival tailwinds, fashion momentum set to boost revenue growth
A revival in fashion and steady beauty momentum are giving the e-tailer’s topline fresh festive energy.
Govt launches probe into e-commerce platforms charging extra for COD orders
The consumer affairs ministry has initiated an investigation into e-commerce platforms levying additional fees on Cash-on-Delivery orders, calling the practice a ‘dark pattern’ that misleads consumers.
Eloelo Group hires Vinay Juluri as CFO to strengthen its leadership team
Vinay Juluri will work alongside Eloelo's leadership team to strengthen the finance function and lead the company's overall financial strategy.
