Dunzo’s Sorrows, Groww’s IPO Plans, and Zepto Secures NCLT Approval

Dunzo faces turbulence as its app and website crash amid employee exits, while Groww and Ather Energy set their sights on dazzling IPOs with $6-8 billion and $2.4 billion valuations, respectively. Meanwhile, Zepto secures NCLT approval for its cross-border merger, solidifying its Indian roots.

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“Ee Ka Hogayil Ba”: Dunzo App & Website Down Amid Employees’ Exit

Dunzo, the hyperlocal delivery app, is facing a rough patch as both its app and website are down, leaving users in the lurch.

The website’s error message reads, "Something went wrong," while the app is showing, "Something doesn’t seem right." With employees exiting amid the turmoil, the company's future looks uncertain as it tries to sort through its technical and workforce challenges.

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“Mai Wapas Aaunga”: Zepto Gets NCLT Nod For Reverse Flip To India

Zepto, the quick-commerce platform, has received the National Company Law Tribunal's (NCLT) nod to merge its Mumbai-based Kiranakart Technologies with its Singapore affiliate.

This move brings Zepto fully under Indian jurisdiction, solidifying its roots as an Indian company. The cross-border amalgamation faced no opposition, marking a significant step in the platform’s corporate restructuring.

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“Ab Aayega Maza”: Groww Eyes IPO Filing In Next 12 Months, Targets $6-8 Bn Valuation

Groww, the popular investment platform, is all set to go public, with plans to file for an IPO in the next 10-12 months.

The fintech giant is eyeing a valuation between $6-8 billion, according to sources close to the company. If successful, this move could mark a major milestone in Groww's journey from a startup to a stock market player.

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“Abhi Mujh Mein Kahin”: Ather Energy Eyes $2.4 Bn Valuation For IPO

Ather Energy is charging ahead with plans for an IPO, aiming for a whopping $2.4 billion valuation, according to reports.

This marks an impressive 80% jump from its last funding round, signaling strong investor confidence. As the EV market heats up, Ather is gearing up to make a powerful entry into the stock market.

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1. WeWork India has raised ₹500 crore through a rights issue, aiming to repay debt and move closer to being debt-free. The move is set to lower its cost of capital and strengthen financial stability.

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2. Flipkart is reportedly set to lead a $35-40 million funding round for its fintech venture, Super.money, with potential participation from external investors. Just five months post-launch, Super.money has already outpaced Amazon Pay in UPI transactions.

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3. Bengaluru’s bubble tea sensation, Boba Bhai, has raised ₹30 crore in Series A funding led by 8i Ventures. The brand plans to use the funds for expanding its footprint and introducing new Korean-inspired offerings.
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4. ErlySign has secured ₹16 crore in pre-Series A funding from Ashish Kacholia to advance its oral cancer detection kit. The funds will support trials, regulatory approvals, and exploration of CRISPR miRNA technology for multi-cancer detection.
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