Sarah ChenE-Tailing
India Quick Commerce Discounts Ease to 20% as Rivals Add Dark Stores
UBS raised its total addressable market forecast for the country’s quick-commerce sector to $59 billion by FY30 as operations spread across 100 towns.
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Aiko TanakaStartups
Zomato boosts Blinkit delivery stake for US$568 million
The top brass of food delivery app Zomato are set to come together on the 17th of June to pen to paper and make the acquisition of Indian based start-up company Blinkit officially complete. The deal is set to be of a stock exchange type at a ratio of 1:10…
Maria SantosStartups
Indian grocery startup Zepto raises new funds at $900 million valuation
Instant grocery startup Zepto has raised $200 million in a new financing round as it looks to expand its 10-minute delivery service to more cities in India and grow its network of dark stores. Existing backer Y Combinator Continuity led Zepto’s Series D…