Zepto, a leading quick-commerce platform in India, has filed draft papers for an IPO, seeking to raise funds for expansion and offering investors a detailed look into its business model. The company aims to address the ongoing debate about the sector's profitability.
Comedian-actor Vir Das accused Zepto of delivering a counterfeit Apple Watch worth Rs 50,000, citing poor customer service. Zepto has initiated an investigation and arranged a product pickup.
Reliance Industries reported hyperlocal commerce orders grew over 300% year-on-year in Q4 FY26, with the company operating India's widest hyper-local delivery network across grocery, electronics and fashion. Leveraging over 20,000 stores as fulfillment hubs across 1,200 cities and 5,100 pincodes, Reliance Retail posted annual revenue of ₹3.70 lakh crore (up 11.8%) with EBITDA of ₹27,033 crore. The structural shift from store-led expansion to doorstep fulfillment intensifies competition with quick commerce players like Blinkit and Zepto.
