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Robotic Automations

Zepto raises another $350 million amid retail upheaval in India | TechCrunch


Zepto has secured $350 million in new funding, its third round of financing in six months, as the Indian quick-commerce startup strengthens its position against its competitors ahead of a planned IPO next year. Indian family offices, wealthy individuals and asset manager Motilal Oswal invested in the round, which maintains Zepto’s $5 billion valuation. Motilal […]

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Software Development in Sri Lanka

Robotic Automations

Meesho claims Indian e-commerce first with positive cash flow | TechCrunch


Meesho has become India’s first horizontal e-commerce firm to generate positive cash flow, marking a significant shift in a market where profitability has long remained elusive even as new competitive threats emerge. The SoftBank and Prosus-backed startup, which serves customers in smaller Indian cities and towns, reported positive operating cash flow of ₹232 crores ($27.6 […]

© 2024 TechCrunch. All rights reserved. For personal use only.


Software Development in Sri Lanka

Robotic Automations

India's Zomato to raise $1B ahead of rival Swiggy IPO | TechCrunch


Zomato said on Tuesday its board had approved the company’s proposal to raise $1 billion through a so-called qualified institutions placement, its first major fundraise since its IPO in 2021 as quick commerce battle intensifies in India. The deliberations for the funding comes weeks before Swiggy, Zomato’s chief rival, makes its public debut. The Bengaluru-headquartered […]

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Software Development in Sri Lanka

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