In the February 10, 2025, edition of YourStory’s startup news roundup, Swiggy’s financial performance was a focal point. The company’s shares experienced a significant decline, dropping over 21% in the past week and more than 26% over the month. This downturn is attributed to escalating competition in the quick commerce sector, leading to increased operational expenses and investor concerns about profitability.
The roundup also highlighted other notable developments in the Indian startup ecosystem:
- Zepto’s All-Women Dark Store: Zepto launched its first all-women dark store in Chennai’s Madambakkam, employing 25 women in roles traditionally dominated by men, such as delivery partners and operational leads.
- Quicklend’s Fintech Innovation: Bengaluru-based fintech startup Quicklend introduced a platform enabling users to secure loans against mutual funds within 30 minutes, streamlining the borrowing process.
- Sprih’s Carbon Footprint Monitoring: Sprih, an AI-driven startup founded in 2022, offers businesses tools to measure and monitor their carbon emissions, aiding companies in tracking and reducing their environmental impact.
- Young Cricketer’s Rise: A 10-year-old girl gained national attention after cricket legend Sachin Tendulkar praised her bowling skills on social media, likening her action to that of former Indian bowler Zaheer Khan.
- Government’s Fund of Funds 2.0: The Indian government announced a new Rs 10,000 crore initiative aimed at bolstering the manufacturing sector, following the success of its previous Fund of Funds program that supported 18 unicorns.
These stories underscore the dynamic nature of India’s startup landscape, marked by rapid innovation, social progress, and significant investment movements.
Source :
https://yourstory.com/2025/02/startup-news-and-updates-daily-roundup-february-10-2025-swiggy