Page 14 - Quick Commerce News Today

The fundraise was at the same valuation as the last funding round in August, when it raised $200 million at a $1.4 billion valuation, becoming the first unicorn to be minted in India this year.

Zeptos back-to-back funding rounds come at a time when auditors have said Dunzo, a competitor, may not even be a going concern in the future.

Glovo, Getir, Rappi, Wolt, JOKR, Gopuff, Zomato, Swiggy, Rohlik, and Ocado Zoom among others, are some of the key players operating in the global quick...

India Business News: Troubled quick commerce startup Dunzo's auditor Deloitte has raised concerns about the firm's ability to continue as a going concern in its FY23 finan

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This is the second consecutive quarter for Zomato reporting net profits. During the same period last year, the company’s losses stood at Rs 251 crore.

For Blinkit, contribution counts as revenue minus costs like store operation expenses, delivery costs, wastage and packaging costs, among other things. The firm retained its earlier guidance of breaking even in the quick commerce business by the first quarter of FY25.

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Zomato: Blinkit registered a three-fold jump in its revenue during FY2023. Its revenue from operations surged to Rs 724.2 crore in FY23 from Rs 236.1 crore in FY22.

The companys delivery and related expenses surged 140% from Rs 236 crore in FY22 to Rs 566 crore in FY23