Eternal’s Q2 Paradox, Zepto’s $7 Bn Valuation Sprint & More

▤ Summary

Eternal’s Q2 shows strong revenue growth in food delivery and Blinkit, but profits fell sharply because expansion and inventory costs rose. Blinkit added 272 dark stores and drove most of the company’s capex, while Hyperpure’s non-restaurant business weakened. Zepto raised $450 million in a new round led by CalPERS and reached a $7 billion valuation, giving it more cash to fight Blinkit in quick commerce. The article also mentions Ola Shakti’s battery storage launch, Swiggy’s shutdown of Pyng, Jio Financial Services’ growth, Kuku FM’s Series C, and TAC Infosec’s SaaS-driven performance.

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