New Delhi, June 9 (IANS) IPO-bound quick commerce platform Zepto has disclosed in its updated draft red herring prospectus (UDRHP) that its founders — Aadit Palicha and Kaivalya Vohra — received summons from the Directorate of Enforcement (ED) in April under proceedings linked to the Foreign Exchange Management Act (FEMA), 1999.According to the updated filing submitted to the Securities and Exchange Board of India (SEBI), the ED sought information and documents related to the company and its p…
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Mumbai, Dec 26 (IANS) Quick commerce company Zepto saw its losses widen significantly in the financial year 2024–25 (FY25) even as its sales more than doubled.According to the company’s audited financial statements, Zepto reported total sales of Rs 9,668.8 crore in FY25, a sharp jump of 129 per cent from Rs 4,223.9 crore in FY24.However, its net loss expanded much faster, rising 177 per cent year-on-year (YoY) to Rs 3,367.3 crore, compared with a loss of Rs 1,214.7 crore in the previous year…