Quick commerce firm Zepto has received SEBI approval to proceed with its IPO, paving the way for an updated draft red herring prospectus to be filed in about six to eight weeks. Sources say the company is targeting a sizable listing potentially worth Rs 11,000–12,000 crore, with sizing and pricing still not final. Zepto is also reported to hold Rs 6,000–7,000 crore in cash. The move comes as rivals like Blinkit and Instamart see growth moderation but improving profitability.
Logistics firm Shadowfax plans to expand its dark store footprint from 15 to 100 stores by FY27, targeting a tight 7 km operating radius for ~30 minute delivery. It expects vertical quick commerce platforms to deliver higher value per engagement, while AI automation helps speed sorting breakeven and cut scaling overheads. The company also reported a sharp Q4 FY26 profit rebound.
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HyugaLife, a protein and supplements marketplace, raised ₹100 Cr in a Series A led by IvyCap Ventures, with First Bridge Fund joining. The funding will bolster AI-driven personalisation, expand its dark store network, and launch an offline presence. The 2021 startup says it offers 10,000 products from 450+ brands, backed by its H-Tested authenticity programme using NABL and FSSAI-aligned labs.
Amazon plans to scale its quick commerce service Amazon Now to 100 cities across India by expanding fulfilment infrastructure to more than 1,000 micro-fulfilment centres. The service will move beyond Mumbai, Delhi NCR and Bengaluru to metros and non-metros, supported by a ₹2,800 crore investment. Amazon expects the push to help 16,000 farmers connect with customers and sellers while ramping competition with Blinkit, Zepto and others.
Flipkart is reportedly considering a standalone app for its quick commerce arm, Flipkart Minutes, potentially launching before this year’s Big Billion Days sale. A pilot could roll out by July, with a full launch targeted before year-end. Minutes has already scaled to 800 dark stores and is racing toward 1,200, amid heavy competition and Flipkart’s pre-IPO funding plans.
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