Zomato Becomes ‘Eternal’, Delhivery Races Ahead, and Zepto’s IPO Dreams

Zomato is going timeless, rebranding its parent company as Eternal Limited, while Delhivery is racing ahead with its rapid commerce arm set to hit ₹100 Cr in revenue by FY25. Meanwhile, Zepto is setting the stage for its IPO with a $300 Mn share sale to mutual funds, and Infibeam is pushing back against a ₹32 Cr GST penalty.

Grab your simmering cup of StartupChai.in and unwind with our hand-brewed memes.

“Aham Brahmasmi”: Zomato Gets Board Approval To Rename Itself As ‘Eternal’

Zomato is shedding its old name and embracing something more, well, eternal.

The board has approved renaming its parent company to Eternal Limited, marking a shift that signals long-term ambitions. Deepinder Goyal shared the decision with shareholders, framing it as a step toward something enduring.

Read more here

“Zor Ka Jhatka Hai Zoro Se Laga”: Infibeam Receives INR 32 Cr GST Penalty Notice

Infibeam Avenues has been hit with a ₹32 Cr GST penalty over disputed exemptions on small card transactions.

The company, however, is pushing back, calling the demand “not maintainable” and exploring legal options. Despite this setback, Infibeam’s Q3 FY25 numbers paint a different picture, with profits soaring nearly 50%.

Read more here

“Picture Abhi Baaki Hai Mere Dost”: Delhivery’s Rapid Commerce Biz To Generate About INR 100 Cr Revenue In FY25

Delhivery’s rapid commerce arm is picking up speed, eyeing INR 100 Cr in revenue by FY25.

With two-hour deliveries already live in Bengaluru, Hyderabad, and Chennai, the logistics giant is betting big on speed. CEO Sahil Barua sees this as just the beginning of a much larger play in instant commerce.

Read more here

“I’m A Rockstar Baby”: Zepto In Talks To Sell $300 Mn Worth Shares To Mutual Funds Ahead Of IPO

Zepto is gearing up for its IPO with a $300 Mn share sale to mutual funds. CEO Aadit Palicha has been in talks with top players like SBI, Axis, and ICICI Prudential to bring them on board.

After securing $300 Mn from HNIs last year, the quick commerce giant is setting the stage for a strong market debut.

Read more here

1. Eduvanz has raised ₹26 Cr from investors like Juvo Ventures and Capria Fund to expand its education-focused lending. With backing from Peak XV Partners and Unitus Ventures, the fintech aims to scale its reach in student financing.

   Read more here

2. Stock trading platform Dhan is eyeing up to $150 Mn in funding at a unicorn valuation, with ChrysCapital and US investors in the mix. The fresh capital will strengthen its $100 Mn cash reserves and fuel expansion into new financial services.

   Read more here

3. Dairy startup Cremeitalia has secured fresh funding to expand its D2C sales and retail presence. The investment will also fuel R&D, team growth, and brand-building through digital marketing and industry tie-ups.

   Read more here

4. IPO-bound Zetwerk is set to raise $30 Mn at a $3.1 Bn valuation from Indian family offices and HNIs. With board approval secured, the Peak XV-backed B2B marketplace is gearing up for its public debut.

   Read more here

5. TrueFoundry has secured $19 Mn in a Series A round led by Intel Capital to build a universal AI platform. With backing from Eniac Ventures and Peak XV's Surge, the PaaS startup is set for rapid expansion.

   Read more here

6. Vahan.ai has raised fresh funding to strengthen its tech and expand blue-collar recruitment in manufacturing and retail. Backed by Y Combinator and Airtel, the startup continues its growth after last year’s $10 Mn round.

   Read more here