Grofers

Indian quick commerce firm Blinkit may get a loan of between US$75 million and US$100 million from Zomato, reported MoneyControl.

The Checkout is Tech in Asia’s free newsletter that breaks down the biggest stories and trends in ecommerce.

Check out our top articles for the week.

The Checkout is Tech in Asia’s free newsletter that breaks down the biggest stories and trends in ecommerce.

The 10-minute delivery is taking India’s ecommerce industry by storm. But is the business model viable in the long term?

Also, home services marketplace Urban Company hits a valuation of US$2.8 billion, edtech firm upGrad eyes an IPO in 2023, and more.

Also, Zomato may pump US$150 million into Grofers, Google rolls out new tech initiatives for India, and other news.

Dark stores could be the missing link in the competitive hyperlocal grocery delivery market in Asia.

Zepto, which competes with similar services from Zomato-owned Grofers and Swiggy’s InstaMart, plans to launch in four new cities in the next 30 days.

Also, a former Vodafone exec joins US$2 million round in sports platform Fantasy Akhada, and debt platform CredAvenue raises US$90 million in series A money.