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FMCG Cos: FMCG giants such as Nestle, ITC, Parle Products, LT Foods, and Coca-Cola are adopting real-time data exchange and demand forecasting to prevent stock-outs at quick-commerce (Q-comm) platforms like Blinkit, Swiggy Instamart, BBNow, and Zepto.
FMCG giants such as Nestle, ITC, Parle Products, LT Foods, and Coca-Cola are adopting real-time data exchange and demand forecasting to prevent stock-outs at quick-commerce (Q-comm) platforms like Blinkit, Swiggy Instamart, BBNow, and Zepto.
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.
Zepto Fy23 Revenue: The Mumbai-based company incurred a loss of Rs 1,272 crore in FY23, over three times wider than the Rs 390.4 crore posted in the previous year. The firm’s total expenses jumped over six times to Rs 3,350 crore in FY23, up from the Rs 532.7 crore it spent in the previous year.
The Mumbai-based company incurred a loss of Rs 1,272 crore in FY23, over three times wider than the Rs 390.4 crore posted in the previous year. The firms total expenses jumped over six times to Rs 3,350 crore in FY23, up from the Rs 532.7 crore it spent in the previous year.