India's popular grocery platform BigBasket is preparing to enter the quick commerce food delivery segment with a 10-minute delivery service across India.
Motilal Oswal and Raamdeo Agrawal have each bought shares worth $50 million in quick commerce firm Zepto. The secondary share sales amount to $100 million.
Zepto's Aadit Palicha revealed how hiring missteps, and the Silicon Valley Bank (SVB) crisis nearly brought the quick commerce startup to a standstill.