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Inc42

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Zepto Hints At A 2026 Listing, Snitch’s INR 500 Cr Revenue Run & More

  • Zepto has delayed its IPO plans from 2025 to 2026, aiming for a $800 Mn to $1 Bn public issue.
  • The company is looking to reduce cash burn and improve profitability before listing on the stock exchange.
  • Despite an operating revenue of INR 4,454.52 Cr, Zepto suffered a loss of INR 1,248.64 Cr in FY24.
  • Zepto has faced controversies including license revocation and supply chain constraints, leading to a delay in its D-Street listing.
  • Snitch saw a revenue growth from INR 11 Cr in FY21 to INR 243 Cr in FY24, crossing INR 500 Cr in FY25.
  • WazirX established an entity in Panama to continue its crypto business amid regulatory challenges in Singapore.
  • Naagin, a hot sauce startup, secured $2.1 Mn funding led by 360ONE Asset and other investors.
  • CoinDCX's CTO Vivek Gupta resigned, and the startup ecosystem has added 3 new unicorns this year.
  • Tesla leased a warehouse in Mumbai for expanding operations and enhancing its India strategy.
  • Green Aero Propulsion, a startup founded in 2023, aims to decarbonize aviation and shipping industries with hydrogen-powered propulsion systems.

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