Swiggy celebrating Zepto fundraise

While I'm proud of these two revolutionising the quick commerce space, I somehow have a bad feeling about this Profits aren't coming, money is flowing Don't know what the VCs are seeking? Why bake a a pie that you can't eat later?

Prime example that one should not just study foreign markets and take everything else for granted. The west already has much better convenience stores at every nook and corner. Something was different in India. Today BlinkIt eclipsed Zomato valuation. Instamart is a key focus for Swiggy. Zepto is on a great path. All the VCs (except Nexus who backed Zepto) in India lost out in this race. They just looked at the west, and said it won't be possible. Grofers (Blinkit) & Zepto proved them wrong. For entrepreneurs: Do not be derailed by VC speak, they will hardly ever get big bets right.

https://www.livemint.com/companies/news/zepto-funding-665-mln-at-3-6-bln-valuation-ipo-next-year-blinkit-instamart-zomato-swiggy-flipkart-quick-commerce-11718939449690.html

- Swiggy has launched a $65 million ESOPs liquidity programme, marking its fifth such event since 2018. - Employees across various levels can now receive liquidity for their ESOPs in the secondary market. - This is the third consecutive ESOP liquidity event following those in July 2022 and 2023. - Swiggy has enabled over Rs 1,000 Cr of ESOPs liquidity, benefiting 3200 employees over five events. - The announcement comes as Swiggy prepares for its IPO, with plans to raise approximately $1.25 billion. Source: Entrackr

Hi folks, I'm Aadit, Co-Founder & CEO at Zepto. We're one of India's fastest growing consumer internet companies and are today present across 10+ cities in the country. I'd love to chat with you folks about my journey in building Zepto, my thoughts on the quick commerce space, organization building, amongst other things. Ask away!

I think in this bear market, to be able to raise like this, says something about how much investors believe in them & the model https://thearcweb.com/article/zepto-quick-commerce-aadit-palicha-blinkit-swiggy-flipkart-if07YMNjRHiOjmFA