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Zepto has postponed its IPO plans to 2026, shifting from its initial goal of filing this year. The company aims for breakeven EBITDA and positive operating cash flow by September 2025, amid intensifying competition in the quick commerce sector and a broader trend prioritizing profitability over growth in the Indian startup ecosystem. This strategic delay allows Zepto to strengthen its market position before entering public markets.
Flipkart has secured an NBFC license, marking a significant step in its financial services expansion. Meanwhile, India is experiencing a pivotal moment in drone technology, with advancements poised to transform various sectors. These developments highlight the dynamic landscape of innovation in the country.
Southeast Asia ranked second globally in mobile game downloads in Q1 2025, with 1.93 billion installs, a 3% increase from the previous quarter, and generated $625 million in in-app purchase revenue. Indonesia led the region with 870 million downloads, while Thailand excelled in revenue generation, reflecting strong digital payment infrastructure. The region's growth is driven by rising smartphone adoption and a young, engaged population, with free-to-play models dominating the market.
Newborn Town Inc. has launched its global headquarters at Hong Kong Science Park, marking a significant step in its expansion strategy. The company, which has seen remarkable growth in the MENA region, attributes its success to targeted market focus and innovative AI solutions that have driven substantial revenue increases. Despite strong financial performance, Newborn Town's market valuation remains low, suggesting a disconnect between its achievements and investor perceptions.
Coda is undergoing a significant refresh as it grapples with lagging revenue in 2024. The company is implementing a patch update to address these challenges and enhance its market position. This strategic move aims to revitalize its offerings and improve financial performance.
India's quick commerce grocery market is set to triple by 2027, reaching up to ₹1.7 lakh crore (US$19.8 billion), driven by demand for speed and convenience. The sector is expanding beyond major cities, with employment projected to rise from 6-7 lakh to 11-13 lakh. However, challenges such as market saturation and competition from e-commerce giants may impact long-term growth.
Cursor's Anysphere has achieved a remarkable valuation of $9.9 billion, significantly surpassing $500 million in annual recurring revenue (ARR). This milestone highlights the company's rapid growth and strong market position in the tech industry.
Anduril has achieved a significant milestone with a valuation of $30.5 billion following its latest fundraising round. This marks a notable advancement for the defense technology company, reflecting growing investor confidence in its innovative solutions.
PhonePe has appointed the former CEO of Standard Chartered to its board, marking a significant move for the fintech company as it continues to expand its leadership team. This strategic addition is expected to enhance PhonePe's growth trajectory in the competitive financial services sector.
Bhavish Aggarwal has injected an additional INR 20 crore into collateral as Ola Electric's stock experiences a decline. This move comes amid ongoing fluctuations in the electric vehicle market, highlighting the challenges faced by the company.
Startups & Entrepreneurship
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zepto postpones ipo plans to 2026 amid competitive and market challenges
06:00 06.06.2025
Flipkart secures NBFC licence as India embraces drone technology advancements
05:01 06.06.2025
southeast asia mobile game downloads surge to second largest globally in 2025
04:30 06.06.2025
Newborn Town establishes global headquarters in Hong Kong to drive expansion
04:00 06.06.2025
Coda refreshes strategy as revenue struggles in 2024
03:52 06.06.2025
India's quick commerce market projected to triple by 2027 driving retail transformation
03:27 06.06.2025
Cursor's Anysphere achieves 9.9 billion valuation with over 500 million ARR
00:36 06.06.2025
Anduril achieves 30.5 billion dollar valuation in recent funding round
21:34 05.06.2025
PhonePe adds former Standard Chartered CEO to its board of directors
19:52 05.06.2025
Bhavish Aggarwal increases collateral by 20 crore as Ola Electric shares decline
16:03 05.06.2025
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