Loss-making Swiggy’s ₹11,327 cr IPO ‘overvalued’: Brokerages
Brokerages remained skeptical about Swiggy’s negative bottomline and cash flows; and intense competition from rivals Zomato, Zepto, and others.
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Food-Techie At Zomato
Deepinder Goyal’s strategy of investing in super brands such as Blinkit, as opposed to creating SuperApps, has reaped rich dividends.
iPhone 16 launches in India; these quick commerce players offer 10-minute delivery
Customers in Delhi and Mumbai can also opt for store pickup or home delivery when purchasing the new iPhone from Apple’s stores
Zepto raises $665 million at $3.6 billion valuation
Existing investors Glade Brook, Nexus, and StepStone co-led the round with Goodwater and Lachy Groom doubling down as well.
Zomato shares hit fresh 52-week high on strong Q2; zoom 170% in 9 months
Zomato reported a consolidated net profit of ₹36 crore in Q2FY24, compared with profit of ₹2 crore in June quarter of FY24 and a loss of ₹251 crore in Q2FY23.
Why fervour of quick delivery is ebbing
In India's bustling cities, traffic congestion has posed a serious problem to delays and inefficiencies in last-mile deliveries
Zepto becomes India's first unicorn of 2023; raises $200 mn at $1.4 bn valuation
Zepto aims to turn EBITDA (earnings before interest tax, depreciation and amortization) positive in the next 12 to 15 months.
No material revenue impact from Blinkit strike: Zomato
Most Blinkit stores have now resumed operations, says Zomato
Blinkit strike causes 1% revenue loss in 3-4 days: ICICI Securities
Blinkit delivery executives went on strike last week, demanding the rollback of recent changes made to delivery incentive structures in Delhi NCR.
Blinkit, Zepto, Instamart, JioMart, DMart: Jefferies orders groceries to find best discounts
Quick commerce players offer the lowest discounts due to their focus on convenience.
