StartupTalky

Tag: #news

  • While the World Obsesses Over Google Rankings, Apoorv Sharma Helps SaaS Brands Get Discovered on ChatGPT

    New Delhi [India], June 9: As the founder of Derivate X, India’s first agency dedicated to LLM SEO (Large Language Model Search Engine Optimization), Apoorv is pioneering a shift in how companies think about search, discoverability, and digital memory.

    “Search is no longer about ranking links. It’s about training AI to remember your brand.”

    In a landscape where SEO has remained largely unchanged for two decades, he’s not just tweaking tactics, he’s building a new playbook altogether.

    From Haldwani to Headlining SEO’s Next Wave

    Apoorv’s story doesn’t begin in a VC-backed incubator or a fancy university. It starts in Haldwani, Uttarakhand, where he was born, grew up and lived the first 20 years of his life. 

    In the education front, he dropped out three times.

    First, from a BA English Honours program. Then journalism in Chandigarh University. Then finally, a BCA degree where he completed five semesters but couldn’t appear for the last exams due to COVID and a move to Mumbai.

    But while the formal education path broke down, something else sparked to life.

    “Back in 2018, I started a book blog with a friend. I was doing everything: web dev, writing, SEO. That’s when I first understood the power of organic discovery.”

    The blog wasn’t just a side project, it became a training ground. By 2023, Apoorv had built and sold a content brand called Stagbite, and after a short break, launched his most ambitious venture yet: Derivate X.

    What Is Derivate X?

    At its core, Derivate X is an SEO agency, but not like the others.

    Yes, they do traditional SEO. Yes, they build backlinks. But their edge lies in a discipline most agencies haven’t touched:

    LLM SEO, or as Apoorv puts it, “Creating digital evidence so that large language models treat you like an authoritative source.”

    They help growth-stage SaaS companies in the U.S. show up not just in Google but in AI tools like ChatGPT, Claude, Perplexity, and more.

    Imagine your brand being the answer when someone asks:

    • “What’s the best martech SEO agency?”
    • “Suggest top video hosting tools.”
    • “Who are the top AI agencies in India?”

    Derivate X is building the strategy, content, citations, and signals to make sure you are the answer.

    What’s It Like to Work With Them?

    The Derivate X model is engineered for clarity, control, and constant improvement.

    • Clients start with a deep ICP + product + competitor form
    • A dedicated Notion portal is created for full transparency
    • Weekly/Bi-weekly Slack updates and monthly reports keep alignment tight
    • Everything from technical SEO to ChatGPT prompt testing is centralized

    Today, Apoorv leads a lean remote team of 5. But they’re not just another SEO crew. They’re operators, strategists, and AI-native thinkers.

    But Wait, Does LLM SEO Even Work?

    That’s the most common question Apoorv gets. And he doesn’t blame anyone.

    “Most people think if you rank on Google, you’ll automatically rank on ChatGPT. But that’s like saying if you trend on Twitter, you’ll trend on Reddit too. It doesn’t work like that.”

    Derivate X measures LLM visibility by:

    • Tracking sessions coming from tools like ChatGPT and Perplexity
    • Logging citation patterns and prompt appearance frequency
    • Identifying branded search spikes in response to AI placement
    • Experimenting with visibility mapping dashboards via Metabase

    Why This Matters Now

    If you run a SaaS company, you know organic discovery is a long game. But LLM SEO compresses time, especially when executed early.

    “We’ve seen brands with zero Google traction get picked up by AI tools because the content was positioned right. That’s the power of context over backlinks.”

    In a space where most agencies are still optimizing H1 tags and chasing 90+ Ahrefs DR, Apoorv’s team is asking: “How does GPT-4 see your brand?”

    What’s Next?

    Apoorv isn’t just running campaigns. He’s building an entire ecosystem around AI-driven discoverability from frameworks and teardowns to future products.

    The name Derivate X comes from a concept in calculus:

    The derivative of x is always 1. In his words:“We want to be the one place that drives all your SEO growth. No noise. No gimmicks.”

    And with an approach that’s backed by performance (not packaging), Derivate X is poised to lead the next evolution of SEO.

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  • 1Point1 Acquires TECHSCIENT.AI to Drive AI-Led BPM Transformation

    One Point One Solutions Ltd. (1Point1), a publicly listed leader in Business Process Management (BPM) and digital transformation services, has announced the acquisition of a majority stake in TECHSCIENT.AI PRIVATE LIMITED, a next-generation AI-powered no-code automation firm specialising in autonomous software engineering. The strategic acquisition strengthens 1Point1’s AI-led automation capabilities and positions it as a key player in India’s digital transformation landscape.

    TECHSCIENT.AI, incorporated in September 2024, is an AI-first deep-tech firm focused on no-code workflow automation, generative AI solutions, and intelligent process orchestration. Its proprietary platform enables enterprises to design, deploy, and scale AI-driven workflows without manual coding, enhancing operational efficiency across industries.

    “With this acquisition, 1Point1 enhances its strategic focus on AI-powered transformation,” said Akshay Chhabra, Promoter & Director, 1Point1. “TECHSCIENT.AI’s autonomous AI capabilities represent a pioneering shift in BPM. By integrating their advanced solutions into our ecosystem, we are enabling enterprises to automate complex operations, optimise costs, and scale at unprecedented speed.”

    TECHSCIENT.AI’s flagship platform integrates AI-native automation, API-first architecture, and real-time data intelligence to enhance customer experience and enterprise efficiency. The acquisition aligns with 1Point1’s commitment to AI-driven BPM, enabling rapid digital transformation across BFSI, healthcare, fintech, e-commerce, and logistics. The acquisition will enable 1Point1 to embed intelligent automation into its core BPM offerings and deliver more comprehensive, technology-led solutions to its clients. It will enhance the company’s ability to engage with new-age enterprises and digital-first clients seeking scalable, AI-driven solutions. 

    1Point1 will embed TECHSCIENT.AI’s autonomous AI engine within its BPM framework to optimise customer management, back-office operations, and workflow automation. The combined teams will focus on co-developing scalable AI-driven solutions for industries seeking intelligent automation at scale.

    The acquisition is expected to be fully completed by September 30, 2025.

    About One Point One Solutions Ltd. (1Point1)

    1Point1 is a leading BPM and digital transformation company delivering AI-driven automation solutions for enterprises worldwide. Focused on operational efficiency and process innovation, 1Point1 enables businesses to scale with intelligent, technology-led services. 1Point1 combines global experience, cutting-edge AI technology & expert outsourcing to drive transformation to enable businesses to accelerate in their growth journey. Over the last nearly two decades, it has acquired a reputation as a leading provider of Business Process Management (BPM) and digital transformation services. Present across over nine locations, worldwide, it is represented by over 5,000 employees.

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  • JP Morgan to Axe New Hires Who Quit Within 18 Months After Dimon’s Stern Warning

    According to a number of media stories, JP Morgan has warned new hires that they may lose their jobs if they accept positions at other organisations in the future.

    The CEO of the bank claimed that it was “unethical” to accept a position at JP Morgan with the intention of leaving for private equity within a few years. Co-heads of global banking at JP Morgan sent a harsh warning in an email addressing new hires right out of graduate school.

     According to the email, if an employee accepts a job offer from another company before joining JP Morgan or within the first 18 months of working there, they will receive notice, and their employment with the company would terminate.

    Financial Giant Wants Full Focus and Stronger Commitment from Employees

    With this action, the company has made it abundantly evident that joining the financial behemoth demands all of an employee’s attention and dedication. The memo stressed that meetings, training sessions, and other commitments are required in a stern tone aimed at younger staff.

    Termination may occur if any of these are missed. Only US-based candidates received the email, which warned them that they would lose their jobs if they accepted another offer, according to a media source.

    The fact that candidates frequently land future positions before beginning a current one seems to be a characteristically American problem.

    In September 2024, Dimon addressed a group of undergraduate business school students, saying, “I know a lot of you work at JPMorgan; you take a job at a private equity shop before you even start with us.” Since I didn’t discuss character, I’m going to say something a little different, all right. That, in my opinion, is unethical and the most significant aspect of people’s character. I dislike it.

    Naturally, the comment and the action that followed run the danger of upsetting the Private Equity Group, which makes up a sizable portion of JPMorgan’s business. The two men also write that avoiding any conflicts of interest is essential to preserving the faith and confidence that JP Morgan’s clients place in the firm and that failing to complete any portion of the training programme could result in termination.

    Poaching the New of the Financial Sector

    JPMorgan is not the sole Wall Street titan that is currently facing recruitment attempts from private equity firms. Recently, Goldman Sachs had to thwart a well-publicised attempt to hire one of its senior executives.

    Earlier this year, the David Solomon-led company gave Chief Operating Officer John Waldron an $80 million “golden handcuffs” package and a board seat in order to keep him on board. Marc Rowan’s Apollo Global Management had been pursuing Waldron for a significant position.

    Many believe that the retention bonus, which will completely vest over five years, is an attempt to retain the 55-year-old at Goldman, where he is thought to be Solomon’s most likely successor as CEO.

  • Daily Indian Funding Roundup – June 6, 2025

    From fintech to wellness and social-commerce infrastructure, today’s funding activity reflects the diversity and momentum in the market. Here’s a quick look at the top funding updates for 6th June 2025.

    Startup Sector Funding Round Lead Investors
    Decentro API banking / Fintech ₹30 crore (~US$3.6M) Series B InfoEdge Ventures; Y Combinator-backed
    Biopeak Wellness & Longevity tech US$3 million Seed Claypond Capital (Ranjan Pai), Prashanth Prakash, Rainmatter
    Kosmc AI Social‑commerce infrastructure Pre‑seed (undisclosed) Pre‑seed –

    Decentro secures INR 30 crore Series B

    Y Combinator‑backed fintech startup Decentro has raised INR 30 crore in its Series B round, led by InfoEdge Ventures. Simultaneously, the firm announced plans to shift its holding company from Singapore to India over the next 12–18 months—a strategic move to reinforce its local presence.

    Biopeak bags $3 million seed investment

    Wellness and longevity startup Biopeak has secured US$3 million in a seed round. The investment was led by Claypond Capital, the family office of Ranjan Pai (Manipal Group), along with Prashanth Prakash (Founding Partner at Accel India) and Rainmatter, the startup incubator backed by Zerodha. The funds will be used to expand Biopeak’s R&D in longevity science and scale its proprietary wellness offerings focused on healthspan optimisation.

    Kosmc AI lands pre‑seed funding

    Social-commerce infrastructure startup Kosmc AI has raised an undisclosed amount in a pre‑seed round, according to Entrackr. The investment will aid in building its platform to support social selling. (User-supplied link; details were not available via independent sources.)

    Insight

    • Decentro’s strategic shift highlights fintech companies’ push for local regulations and market depth in India.
    • Biopeak’s funding shows growing interest in longevity and wellness, attracting both corporate and venture capital.
    • Kosmc AI’s pre-seed reflects ongoing investment in infrastructure for India’s vibrant social commerce ecosystem.

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  • Japan’s Moon Mission Crashes Again, Dream Deferred Once More

    Uncertainty surrounds the fate of a Japanese private lunar lander that lost communication on 6 June while descending to the moon.

    The lander, dubbed Resilience, successfully left lunar orbit, according to Tokyo-based iSpace, but communication was lost during the hour-long descent phase. At crucial points, the company’s broadcast abruptly ended.

    As Mission Control worked to reconnect, a commentator in Japanese stated that there was still no confirmation of the landing. According to a Japanese media report, one of the commentators stated in Japanese, “We haven’t been able to confirm,” and that Mission Control “will continuously attempt to communicate with the lander.”

    After an unsuccessful trip two years prior, this was iSpace’s second attempt to land on the moon. As a tribute to their tenacity, the firm had given this new craft the name Resilience.

    The lander carried a miniature red house made by a Swedish artist and a small rover intended to gather lunar material. Since 2019, private companies have joined government space agencies to explore the moon, with varying degrees of success.

    Launched from Florida in January, Resilience travelled on Firefly Aerospace’s Blue Ghost, the first private craft to land on the moon safely earlier this year, before reaching lunar orbit.

    ispace’s Lander Targeted Mare Frigoris

    Mare Frigoris (Sea of Cold), a crater-rich area with ancient lava flows on the moon’s northern near side, was the objective of iSpace’s lander. It was anticipated that the 2.3-metre-tall Resilience would deploy its rover over the weekend and start sending pictures soon after landing.

    Tenacious, a five-kilogram rover manufactured in Europe, was made of plastic reinforced with carbon fibre. It had a shovel that NASA had commissioned and a high-definition camera. With a targeted range of up to one kilometre over a two-week operating window, the rover was intended to remain close to the lander while travelling at a modest pace of centimetres per second.

    The Moonhouse, a little red residence designed by Swedish artist Mikael Genberg and intended for installation on the lunar surface, was also transported by the rover as a symbolic act. Takeshi Hakamada, CEO of iSpace, described the expedition as a first step towards next endeavours, including the development of a larger lander in collaboration with NASA for a planned trip in 2027.

    Hakamada had stated his faith in the lessons learnt from the first failed mission before the landing attempt. In a statement, CFO Jumpei Nozaki reaffirmed the company’s commitment to lunar exploration “regardless of outcomes”.

    However, Jeremy Fix, chief engineer of ispace’s US division, admitted the financial realities at a recent space industry conference, stating that the organisation “cannot sustain repeated failures”. Although the new mission’s cost was not made public, it was said to be less than their first, which cost more than $100 million.

    Other Private Firms Pushing their Moon Mission

    There are other private companies that are still striving for success. Astrobotic Technology and Blue Origin are preparing missions for the year-end. After failing to reach the moon in 2024, Astrobotic returned to Earth’s atmosphere.

    Only five countries have accomplished robotic moon landings to date: the US, China, India, Japan, and Russia. With 12 NASA astronauts stepping on the moon between 1969 and 1972, the US is the only country to have landed humans.

    Next year, NASA plans to send humans back into lunar orbit and use SpaceX’s Starship to make a commanded landing. Additionally, by 2030, China intends to send humans to the moon.

  • How LawBhoomi Is Making Legal Learning Accessible to Over 5 Lakh Students

    In the Indian legal education space that often favours the privileged few, LawBhoomi is reshaping access by reaching over 5 lakh Indian law students with trusted opportunities, practical learning tools, and affordable resources, no matter where they study.

    As one of the top 10 most visited legal websites in India, LawBhoomi is a career companion for law students across metros, small towns, and regional colleges. Be it Delhi, Bhopal, Imphal, Ranchi, or Coimbatore, students now rely on LawBhoomi for equal access to verified internships, free resources, and practical courses.

    LawBhoomi’s growing value lies in breaking barriers traditionally faced by students in and outside elite campuses:

    • Verified Internships and Jobs: LawBhoomi lists thousands of genuine opportunities (including internships at law firms, litigation chambers, research centres, and NGOs), bridging the gap for students who lack personal networks.
    • Free Legal Notes and Judgement Summaries: Designed in an easy-to-understand format, these expert-made notes support thousands of students from different law colleges, especially where access to books, databases, or coaching is limited.
    • Practical Online Courses: Thousands of students have purchased LawBhoomi’s affordable, practical legal courses, including legal drafting (civil/criminal), CV building, corporate law, mergers and acquisitions, criminal litigation, RERA, media and entertainment law, insolvency, contract drafting and career-building guides starting at prices that most students can actually afford.
    • Career Guidance and Peer-Led Stories: LawBhoomi shares student journeys, interview experiences, and real-world career tips to show what’s possible, helping even first-gen law students build clarity and confidence.

    Aishwarya Agrawal, Co-founder of LawBhoomi, shared her thoughts on the milestone:

    “Our mission has always been simple—to ensure that no student is left behind because of where they come from, which college they study in, or what resources they can afford. Everyone deserves access to the same legal opportunities. That’s what LawBhoomi is here for.”

    Legal education in India is often unequal. Top law school students get better internship calls, coaching options, and alumni networks, while thousands of students in tier-2/3 law colleges struggle to even find authentic application links.

    LawBhoomi helps level this imbalance by creating an equal playing field for students. By listing internships from verified sources, sharing free case briefs, and offering low-cost upskilling, the platform has already helped millions of students take control of their careers.

    LawBhoomi’s reach isn’t just limited to India anymore. With the recent launch of:

    • Consult Legally: for simplified U.S. legal content
    • eLawDaily: for UK law updates and insights

    The platform is expanding its vision to support Indian students as well as global learners exploring international legal systems.

    For more information about LawBhoomi, visit lawbhoomi.com

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  • Procter & Gamble to Slash 7000 Jobs Amid Tariff Strain and Consumer Uncertainty

    In an effort to combat growing operating expenses and waning consumer demand, Procter & Gamble has revealed intentions to lay off around 7,000 employees, or roughly 6% of its global workforce, over the course of the next two years.

    The company’s non-manufacturing employees, who make up over 15% of that group, will be the main victims of the layoffs.

     Executives from the corporation announced the reorganisation at the Deutsche Bank Consumer Conference in Paris, stating that its goals are to increase role responsibilities, decrease team numbers, and streamline reporting structures.

    In order to stay competitive in what it refers to as an increasingly unpredictable global market, P&G is positioning the project as an “acceleration” of its current approach.

    Brand Missing to Achieve Sales Target Leads to Massive Job Cuts

    Following inconsistent quarterly results in late April, the reorganisation decision was made. The company’s first-quarter net sales and organic sales growth fell short of projections.

    According to the update, P&G and other major players in the consumer products industry have somewhat buckled under economic challenges connected to tariffs.

    Citing cost uncertainties and squeezed consumers, the firm lowered its full-year revenue and earnings per share (EPS) projections. According to P&G CEO Jon Moeller, “We expect uncertainty to continue,” he told a media source.

    According to Moeller, people are changing their habits to save money even when they aren’t switching to less expensive goods. For instance, in order to save detergent, P&G are observing that they do fewer loads of laundry each week.

    According to statistics from a financial media outlet, experts have been lowering their EPS projections for P&G for the upcoming two quarters since the company’s results announcement.

    Since the April 24 results, shares have fallen 1.1%, trailing the 8.35% increase of the Dow Jones Industrial Average and the 13% advance of the S&P 500. Following the news, the stock saw minimal movement in premarket trade on 5 June.

    Layoffs have Become a New Normal for Bigger Players

    This layoff announcement coincides with employment cuts by a number of multinational corporations, such as Amazon, Intel, and Goldman Sachs. Such developments are happening mainly owing to the growing impact of artificial intelligence (AI) and uncertainties in the global economy. Intel is getting ready for a massive restructure following a large financial loss in 2024.

    Similarly, Amazon also plans to eliminate about 14,000 administrative roles in order to save $3 billion yearly.

    Companies are increasingly focusing on cost optimisation and automation as a result of the rapid growth in AI adoption. This adoption is resulting in job losses across a number of industries.

    Goldman Sachs is also getting ready to lay off employees, with intentions to trim staff by 3–5% after an annual performance review. About 150 junior banker positions were recently cut by Bank of America; nevertheless, the majority of impacted workers were offered opportunities outside of investment banking.

  • Decentro Secures INR 30 Crore in Series B, Eyes Growth and Parent Flip to India

    In a strategic move that signals the maturation of India’s fintech ecosystem, Decentro, the API banking platform powering over INR 50,000 crore in annual payment volumes, has closed an INR 30 crore Series B funding round. It will also be reversing its parent entity’s location from Singapore back to India over the next 12-18 months. 

    The raise comes at a time when Decentro has achieved profitability and solidified its position as the infrastructure backbone for over 1,300 companies across NBFCs, fintech platforms, digital lenders, and banks, making it one of the few Indian fintech infrastructure companies to scale to enterprise dominance while maintaining successful unit economics.

    Led by InfoEdge Ventures, with participation from Stargazer Growth (backed by Groww CEO Lalit Keshre) and existing investors including Uncorrelated Ventures, among others, the funding round positions Decentro to accelerate its vision of becoming India’s financial infrastructure operating system. The investment validates Decentro’s infrastructure-first thesis and its success in building foundational technology for India’s digital economy.

    While most fintech companies chase consumer adoption, Decentro has quietly built the invisible infrastructure that powers the ecosystem itself. The company’s three-pronged approach spans:

    • KYC & Data Intelligence: Streamlining consumer & business verification with deep alternative & financial data points for BSFI, fintechs & commerce. 
    • Payments: Processing mission-critical payment flows at enterprise scale for collections & payouts. 
    • Debt Collections: Automating recovery with AI-powered solutions & voice bots for the operations & collections teams. 

    The fresh capital will be used to deepen enterprise adoption, enhance product capabilities, and expand overall trade and marketing (GTM) initiatives across financial institutions, including banks, non-banking financial companies (NBFCs), fintech platforms, and digital lenders.

    “Our goal has always been to make financial & banking infrastructure simple, secure, and reliable at scale. This fund raise allows us to double down on what’s working well; deep partnerships with enterprise customers and building products that power mission-critical financial flows. India is where it all started, and we want to make this our long-term base with the eventual flip. We welcome InfoEdge Ventures as our first Indian venture lead and our latest backer & partner in this amazing journey,” said Rohit Taneja, Co-founder & CEO of Decentro.

    Decentro’s recent product launches demonstrate how AI can transform traditional financial operations:

    • Scanner: A real-time user profiling and risk assessment engine that is soon becoming indispensable for BFSI, commerce & more verticals overall.
    • Neobot: India’s first multilingual AI voice agent for automated debt collections, addressing a ₹10+ lakh crore NPA challenge for the lending industry. 

    These AI-powered modules have seen rapid enterprise adoption, with payments remaining the oldest product and the largest revenue contributor as financial institutions increasingly rely on Decentro’s infrastructure for mission-critical operations.

    The decision to flip the parent entity from Singapore to India over the next 12-18 months reflects a broader trend of Indian fintech companies choosing to domicile in India as the ecosystem matures and regulatory frameworks strengthen.

    “This flip is a strong statement of our commitment to India and our belief in its capacity to foster and scale global financial infrastructure companies. We are building not just for India, but from India for global opportunities,” said Pratik Daudkhane, Co-founder of Decentro.

    The Series B funding validates the “infrastructure rails and data intelligence” thesis in Indian fintech, where companies building the underlying rails often achieve sustainable business results than those competing directly for consumer attention.

    Decentro’s homecoming and continued scaling also help catalyse the fast-growing wave of fintech entrepreneurship in the Indian ecosystem.

    Daily Indian Funding Roundup: June 4-5, 2025
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  • Zaggle to Snap Up Dice Enterprises in INR 123 Cr Spend Management Deal

    For INR 123 Cr, or roughly $14.3 million, Zaggle plans to purchase Pune-based enterprise spend management startup Dice Enterprises Limited. According to Zaggle, the acquisition will expand its product line, provide access to Dice’s clientele, and aid in its expansion in India and internationally.

    In an exchange filing, Zaggle stated that it would like to notify the current shareholders of Dice Enterprises Private Limited that it has agreed to purchase all of the company’s capital and voting rights, contingent upon the execution of final agreements and the fulfilment of specific predetermined requirements.

    On June 5, 2025, the business signed a non-binding term sheet in this respect. Dice is a spend management company that was launched in 2018 by Lakshay Jain, Sonam Khubchandani, Prashant Kushwah, and Manohar Vashishta.

    It provides tools for managing accounts payable, travel, costs, and procurement. Revenue for the company increased from INR 3.9 Cr in FY23 to INR 6.3 Cr in FY24.

    Zaggle Signed Non-Binding Term Sheet

    It is noteworthy that major corporations like Tata 1mg, BigBasket, Fino, Britannia, and DTDC use Dice’s solutions. The filing states that Zaggle has agreed to buy all of Dice’s shares under a non-binding term sheet.

    Depending on board and regulatory approvals, the deal should close in 90 days. Due to robust revenue growth, Zaggle recorded a 62% year-over-year increase in consolidated net profit in Q4 FY25, rising to INR 31.1 Cr from INR 19.2 Cr in the same quarter the previous year. Net profit increased 57% from INR 19.8 Cr to INR 19.8 Cr to INR 19.8 Cr.

    Operating revenue increased by more than 22% sequentially from INR 336.9 Cr to INR 412.1 Cr in the March quarter, up approximately 51% year over year from INR 273.4 Cr.

    Zaggle Expanding its Product Portfolio

    It is anticipated that the acquisition will greatly expand Zaggle’s product line and give it access to Dice’s existing clientele. Zaggle hopes to increase its market share in India and create opportunities for international growth by incorporating Dice’s cutting-edge technology into its offering.

    Additionally, Zaggle will have access to a highly proficient workforce through this acquisition, which will be crucial to improving its future product capabilities. Earlier this year, Raj P Narayanam, the founder and executive chairman of Zaggle, stated in an interview with a prominent media outlet that the company was seeking to acquire businesses in the FASTag, merchant card software, and accounts receivable sectors.

    He added that the business had narrowed its focus to three companies. Zaggle anticipates closing these agreements by March 2026 and is counting on these acquisitions to support overall growth. In the fiscal year that concluded in March 2025, the company’s net profit increased by about 99% year over year to INR 87.4 crore.

  • Zomato Rolls Out EV Rental Fleet in Delhi to Power Green Deliveries

    For its delivery partners in Delhi-NCR, Zomato is testing a fleet of electric vehicle (EV) bikes for rent. The foodtech giant is renting out two-wheeler EVs to its delivery partners as part of the green initiative.

    The business stated in a statement that, depending on partner uptake, it will extend the programme to other regions of India. Anjalli Ravi Kumar, Eternal’s chief sustainability officer, told the media that meeting the needs of food delivery requires an ecosystem in which all delivery partners have easy access to electric bikes.

    Zomato is making sure delivery partners can prosper and help create a greener future by introducing these specially made, effective electric bikes for hire.

    The business stated that the purpose of the June 5 pilot programme is to assist delivery partners in realising the advantages of employing electric vehicles (EVs) for deliveries as opposed to bikes with internal combustion engines (ICEs).

    Zomato Aiming to Secure 100% EV Based Food Delivery Status

    According to the corporation, the project aligns with its overarching objective of enabling food deliveries that are entirely powered by electric vehicles by 2030.

    Zomato stated that it had more than 37,000 active EV-based meal delivery partners as of March 2025. This is consistent with similar announcements made a few weeks ago by its competitor Swiggy.

     The firm, run by Sriharsha Majety, also declared at the time that it will electrify its entire fleet by 2030. Additionally, it recently joined forces with SUN Mobility to electrify more than 15,000 e-bikes.

    Affordability, convenient app-based access, high vehicle uptime because of fast battery changes, and safety features like ergonomic seats and puncture-resistant tyres are the primary drivers propelling the adoption of EVs among gig workers.

    The drive for EVs coincides with the Indian government’s ambitious goal of 30% EV adoption by 2030, which is anticipated to be mostly driven by consumers moving to electric alternatives and online aggregators switching to EVs.

    More Cost-Effective Than Conventional Delivery System

    In addition to their environmental benefits, electric vehicles are a smart investment for Zomato and Swiggy since they lower delivery costs per km and improve last-mile efficiency.

    The Centre has also been providing incentives and subsidies to promote the nation’s EV adoption. Additionally, the push for EVs coincides with a slowdown in the larger food delivery market.

    In Q4 FY25, adjusted revenue from Eternal’s primary food delivery business increased just 17.5% year over year to INR 2,409 Cr. In Q4 FY25, Eternal’s consolidated net profit decreased by 77.8% to INR 39 Cr from INR 175 Cr in the same quarter last year.