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Zepto eyes $300 million fundraise for $2.5-3 billion valuation, targeting Ebitda positivity with $1.2 billion sales. Blinkit's GMV surpasses $1 billion; Zomato holds $1.5 billion cash; Swiggy prepares for IPO.
Zepto eyes $300 million fundraise for $2.5-3 billion valuation, targeting Ebitda positivity with $1.2 billion sales. Blinkit's GMV surpasses $1 billion; Zomato holds $1.5 billion cash; Swiggy prepares for IPO.
Myntra posts strong growth, staying EBITDA positive. GMV growth 2x online fashion market. MAU reaches ~60M by 2023 end. Emphasis on non-apparel, premium fashion, Beauty, and Gen-Z.
Unnati Agri, an agriculture supply chain and financial services startup, achieved break-even status in October 2023, achieving a 2x growth compared to the previous year. The company's financial performance was EBITDA positive, with 1.1% margins. Unnati's exclusive branded product line, including seeds, fertilizers, and crop protection solutions, experienced 8-9x year-on-year growth.
Business News: NEW DELHI: Fintech unicorn BharatPe on Tuesday said it has turned Ebitda positive in October.