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Articles

Myntra’s Sinha to lead Instamart’s strategy shift

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By Anees Hussain
| Financial Express Verified
Swiggy on Tuesday appointed former Myntra chief executive Nandita Sinha as CEO of Instamart, signalling a strategic shift at its quick commerce business as the company looks to improve profitability through better merchandising, premiumisation and private labels rather than relying solely on expansion and discounting. Sinha will take charge on August 3, succeeding Amitesh Jha, who resigned with immediate effect to pursue opportunities outside the company.
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Zepto halves IPO valuation amid investor pushback

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By Anees Hussain
| Financial Express Verified
Quick commerce firm Zepto has begun discussions with investors to launch its initial public offering (IPO) at a post-money valuation of about $3 billion (Rs 29,000 crore) — less than half the roughly $7 billion (Rs 60,000 crore) valuation it commanded just nine months ago. The sharp reset follows resistance from large domestic institutional investors to the pricing the company had initially sought, people familiar with the matter said.
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LPG squeeze shows up in Zomato’s shrinking restaurant base

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By Anees Hussain
| Financial Express Verified
The number of restaurants active on Zomato fell for the first time on record in the June quarter, as a months-long squeeze on commercial cooking gas forced kitchens across India to ration operations, cut menus, or shut altogether. Eternal’s food delivery platform ended the quarter with about 328,000 average monthly active restaurant partners, down from 344,000 in the March quarter, according to its Q1FY27 disclosures.
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