Exclusive: Flipkart-Zepto deal talks drop out of cart
by ETtech.com
ETtech.com— Happy Friday! Ecommerce major Flipkart held talks with Zepto for a potential deal. More on that in today’s ETtech Morning Dispatch.Also in the letter:■ Agilitas-Lotto deal■ Layoffs at Good Glamm Group■ Swiggy integrates Mall with Instamart Exclusive: Flipkart’s talks to buy majority stake in Zepto falter 109417440From left: Flipkart CEO Kalyan Krishnamurthy, Zepto cofounders Kaivalya Vohra and Aadit PalichaEcommerce major Flipkart made an offer to buy a majority stake in...
ETtech.com—Exclusive: Flipkart-Zepto deal talks falter; quick commerce startup opts for financial investors. Ecommerce major Flipkart and Zepto held talks for a potential deal but the discussions fell through and are unlikely to be revived, said two people in the know of the matter.Zepto, a top player in the fast-growing quick commerce segment, is understood to have opted for a financial round over a strategic sale, these people said on condition of anonymity as the talks were private. “The companies met and Flipkart made an offer to Zepto valuing it at under $2 billion.. but the deal didn’t go ahead....
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