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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. ....
ET Soonicorns Summit 2023 Live: The ET Soonicorns Summit is a startup-tech initiative by the Economic Times to track the new frontiers of growth for the Indian startup ecosystem and power the rise of a more resilient startup-tech innovation economy with the potential to shape India’s Techade and help realize the country’s vision of harnessing tech and innovation to become a developed nation by 2047.With the theme ‘Resilience. Reset. Results,’ the ET Soonicorns Summit 2023 will bring together key stakeholders and decisionmakers of the Indian tech-startup ecosystem to foster conversations, connections, and collaborations that can equip entrepreneurs, including those from Bharat, to navigate the ever-evolving tough market conditions and grow to build sustainable, scaleable businesses of the future. ....
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. ....