A 10-minute parcel comes for Dalal Street

Krishna· Host0:00

[upbeat music] In today's episode, we'll break down two important stories. First, we'll talk about Zepto's IPO, and then we talk about what's been happening with memory chips. Welcome back to the Daily Brief Show by Zerodha, where we cut through the noise to help you understand what's actually happening in the most important stories from business and markets. I'm your host Krishna, and today is Friday, 12th June. Now, you see the quick commerce race in India has really narrowed down to three players, Blinkit, Swiggy's Instamart, and Zepto. Of the three, only Zepto wasn't a public company. Zepto has now officially filed its IPO papers, and of course we had to cover it. Now, the quick commerce industry has evolved in interesting ways to get here. It was Swiggy that actually first experimented with instant deliveries back when the idea felt novel. When it launched in 2021, Zepto went further by making the 10-minute promise the entire product and branding itself around that. But Blinkit, which started as Grofers and completely reinvented itself, ran away with the market. Now, nobody has been able to close the gap with them since. In the last quarter of FY26, Blinkit processed almost two hundred and seventy-four million orders from around twenty-two hundred dark stores across more than two hundred cities. Zepto processed two hundred and ten million from around eleven hundred stores across sixty-six cities, while Instamart did eleven hundred and twelve million orders. Now, that puts Blinkit at around