Flipkart, owned by Walmart, won't merge with Zepto. Zepto refused Flipkart's offer and they wants to raise money from investors. Flipkart will start quick delivery soon.
Flipkart and Zepto talked about merging, but it didn't work out. Zepto said no to Flipkart's offer because they wanted to control their company. Zepto is doing well financially and doesn't need big money now.
Now, Zepto wants money from new investors. They're talking to companies like General Atlantic and Abu Dhabi Investment Authority. They want Zepto to be worth $2.5 billion
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Flipkart won't give up. They're making plans for their own quick delivery service. They're getting ready to deliver stuff in less than 30 minutes. They're doing this to keep up with other companies.
Quick delivery is very important in online shopping. It could be worth $34 billion by 2029. Flipkart wants to be part of this big market. That's why they're starting their quick delivery service.
Key Notes:
- Flipkart and Zepto won't merge.
- Zepto said no to Flipkart because they want to control their company.
- Zepto wants money from new investors to be worth $2.5 billion.
- Flipkart will start quick delivery to keep up with others.
- Quick delivery is very important and could be worth $34 billion by 2029.
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