Tech3 | Infosys sacks freshers; New funding round for Zepto; and more

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In today’s newsletter:

• New day, new funding round at Zepto
• Infosys sacks freshers
• Bike taxis rev up again

New day, new funding round at Zepto

The Zepto fundraising machine can't seem to catch a break!?

Driving the news: Aadit Palicha, the founder, and CEO of the quick commerce unicorn met with executives of top mutual fund houses to facilitate share sales worth $300 million ahead of its IPO later this year.?

Who's buying and selling?: Sources tell us this will be a fully secondary round where its existing investors will sell shares to funds.??

• Foreign shareholder will dilute their stake in the company and angel investors, like Oleg Wladimir Nicolas Tscheltzoff, Jacob Yedidya Honig, Jonathan Saint and several others will fully offload their shares to make way for more domestic investors

EBIDTA promise: During his meetings with mutual fund houses, Palicha said that Zepto will achieve EBIDTA breakeven by Q4FY26.?

• Zepto is expected to file its DRHP in 45 days

The funding round will materialise only in October 2025, close to Zepto's listing date.

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