Zepto Pvt. Ltd. has raised a mammoth round of funding ahead of a likely IPO next year, and amid a market-share battle with Swiggy Ltd.’s Instamart and Blinkit owned by Eternal Ltd. A Zepto delivery partner. Zepto, founded by Aadit Palicha and Kaivalya Vohra, is likely to revisit its IPO plans after the $450-million funding […]
The funding includes purchase of Nvidia processors and renting them out to Elon Musk’s AI startup xAI for use in its data centre called Colossus 2 in Memphis. Source link