Tag Archives: 1st

Quick-commerce startup Zepto is now a quick-commerce unicorn, the first one in India this year. 

It has raised $200 million at a valuation of $1.4 billion, the first to turn a unicorn after an 11-month unicorn drought.

The funding round was led by the StepStone Group, a US asset management firm and included Goodwater Capital and some existing investors.

This round is significant for making Zepto the first unicorn, or startup valued at over $1 billion, to be minted in India this year.

Ending unicorn drought

Zepto is the first unicorn, or startup valued at over $1 billion, to be minted in India this year since last September.

The last startup in India to turn unicorn was Molbio Diagnostics in September 2022.

Before that, at the peak of the funding boom in 2021, the country added a…

Food delivery app Zomato has finally turned profitable, reporting a consolidated net profit of Rs 2 crore for the quarter ended June 2023.

Great surge in revenue

It reported a loss of Rs 189 crore in the quarter ended March.

However, revenue from operations stood at Rs 2,416 crore, up nearly 71% YoY against Rs 1,414 crore reported in the year-ago period.

Blinkit turns positive

The company said that Blinkit, the quick commerce business it owns, has turned contributive positive for the first time ever in the month of June.

The adjusted revenue excluding the quick commerce business stood at Rs 2,402 crore which was up 33% YoY.

Gross order value

Gross order value (GOV) went up to Rs 7,318 crore as opposed to Rs 6,425 crore in the corresponding quarter of the previous fiscal.

It also…

Recently, we interacted with Sravan Appana, CEO of iGowise Mobility – a Sustainable Mobility Company.

Here are the interview highlights:

With the growing demand for electric vehicles, how does your iGowise Mobility contribute to the advancement of EV technology and the transition to sustainable transportation?

As India grows more prosperous by the day, the need to upgrade from a scooter to a car is rapidly growing. But our urban infrastructure will never be enough for so many cars. And our public transportation is still not catching up fast enough. If we are to avoid a permanent gridlock of urban congestion, we have to fundamentally rethink the way we approach sustainable mobility. Average speed of the traffic in an urban metropolitan during peak hours is less than 12 kmph. When…

Pete Davidson is returning to “Saturday Night Live.”

In a tweet April 15, “SNL” shared the news that Davidson will serve as host on May 6, making it his first time as host of the late-night sketch comedy series. The “SNL” alum will be joined by Lil Uzi Vert, who will be that week’s musical guest.

Davidson was a cast member on the show for eight seasons until he announced he was leaving in May 2022.

Since leaving the show, Davidson has been focusing more on his acting career. He appeared in Machine Gun Kelly’s movie, “Good Mourning,” and acted alongside Kaley Cuoco in their film, “Meet Cute.”

Now, the “King of Staten Island” is gearing up for the release of his new Peacock…

LOS ANGELES, Oct. 6, 2021 /PRNewswire/ — IDrive Compute, a high-performance VPS hosting solution with a network of over 20 edge computing locations, has been chosen as the best performing VPS solution under $40 for 2021 by VPSBenchmarks.

VPSBenchmarks in the previous twelve months leading up to September 2021, evaluated 26 VPS hosting providers based on CPU power, network performance, disk speed, web performance, and performance stability, with IDrive® Compute finishing in 1st place in multiple categories for the Shared CPU plan with 4 cores, 8GB memory, and 160GB storage space.

IDrive^® Compute’s VPS infrastructure allows users to accommodate computing projects of any size. The service lets businesses and developers run projects with little latency, manage multiple virtual…