Profitability a concern as Zepto lines up IPO

BENGALURU: Quick commerce platform Zepto is pitching a high-volume model to public market investors as it prepares for its IPO, arguing that scale, density and advertising will eventually drive profitability.The company’s updated draft red herring prospectus (DRHP) shows a business growing rapidly on orders but still trailing market leader Blinkit on profitability.Zepto processed 210 million…

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Pune RMC body tells members to comply with norms or face legal action | Pune News

Pune: In a move towards self-regulation, the Pune Ready Mix Concrete (RMC) Association has issued a stern advisory to all manufacturers in the district to strictly adhere to operational timings, environmental norms, and traffic regulations.The association has also formally requested the Pune Municipal Corporation (PMC), Maharashtra Pollution Control Board (MPCB), traffic police, and district administration…

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Rajat Patidar stands alongside MS Dhoni and Rohit Sharma in historic IPL captaincy record | Cricket News

Rajat Patidar, MS Dhoni and Rohit Sharma (BCCI/IPL Photo) NEW DELHI: Royal Challengers Bengaluru skipper Rajat Patidar carved his name deeper into IPL folklore as he powered the defending champions into a second straight final with a dominant 92-run win over Gujarat Titans in Qualifier 1 at Dharamsala on Tuesday.Powered by a clinical all-round display,…

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Issue NOC for Sammakka Sagar project, Uttam urges Chhattisgarh CM | Hyderabad News

Hyderabad: Telangana irrigation minister N Uttam Kumar Reddy urged Chhattisgarh chief minister Vishnu Deo Sai to extend cooperation to the Telangana govt’s Sammakka Sagar project, formerly known as Tupakulagudem barrage, by issuing the pending No Objection Certificate (NOC). Uttam Kumar Reddy met the CM on Thursday night during his visit to Hyderabad.The Chhattisgarh CM has…

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