Author: Benjamin

Indian fast-commerce startup Zepto has achieved a significant milestone by surpassing $1 billion in annualized sales within just 29 months of its inception, as noted by Goldman Sachs in a recent report citing Zepto’s management. Competing with Blinkit (formerly Grofers, acquired by Zomato) and Swiggy Instamart, Zepto has also seen an increase in market share, now approaching that of the second-largest player in the market, according to the report. As a unicorn company since last year, Zepto has garnered support from investors such as YC Continuity, StepStone Group, Glade Brook Capital, and Contrary. BlinkIt, acquired for $568 million by Zomato…

Amid discussions about a potential TikTok ban in the United States, the popular short-form video app, owned by ByteDance, has published an economic impact report. The report emphasizes that TikTok contributed $14.7 billion to small and mid-sized businesses (SMBs) in 2023, along with $24.2 billion in overall economic activity stemming from small businesses using the platform. The report highlights that over 7 million U.S. businesses rely on TikTok, supporting 224,000 jobs in 2023, with 98,000 jobs directly linked to SMBs on TikTok. The impact was most significant in states like California, Texas, Florida, New York, and Illinois. Conducted by Oxford…

In a lively demonstration of harmony and cultural amalgamation, the Holi celebration organised by the Hindu Cultural Society in Fort Gardens, Milton Place, Gravesend, welcomed a diverse array of communities to partake in the festivities. Notable attendees such as Adam Holloway, MP for Gravesham, and Deputy Mayor Cllr Daniel Adewale King, added to the event’s inclusive ambiance and sense of camaraderie. The gathering, orchestrated by the Hindu Cultural Society, attracted individuals from varied backgrounds to engage in the vibrant celebration of colors. As shades of red, green, yellow, and blue adorned the atmosphere, laughter and merriment reverberated throughout the venue,…

Bromley Council has refused plans from Ringers Road Properties Limited to build nearly 100 flats in Bromley town centre. The project included 94 new flats, 35 per cent of which would be “affordable”, across two 14 and 12-storey tall buildings on Ringers Road and Ethelbert Road. The plans have received 109 objections from locals online, calling the design and height of the project an “eyesore” and “sterile”. A CGI of the towers planned for Ringers Road and Ethelbert Road The plans were discussed at a development control meeting for Bromley Council on November 30. Council officers recommended the plans be…