Karan

[Karan @Karanbd1]

💰 Cash & Float: Zepto has no debt and ₹5,600 Cr in cash as of March 2026.

They also benefit from a working capital gap: customers pay instantly, but Zepto pays suppliers over 30-60 days.

They owe partners ₹3,700 Cr but are owed ₹2,400 Cr, creating a cash surplus.

[Karan @Karanbd1]

🧵 Zepto has officially filed for its IPO!

It holds 35% of India's quick commerce market, trailing Blinkit (46%) but ahead of Swiggy Instamart (19%).

Here is a detailed breakdown of their financials, unit economics, and strategy from their IPO papers👇

[Karan @Karanbd1]

📦 Moving to Inventory: If Zepto builds enough domestic ownership, it can shift to an inventory-led model like Blinkit.

This means buying bulk directly from brands, lowering prices, and improving unit economics.

[Karan @Karanbd1]

Gaudium IVF concall.

> India IVF market to grow at a 13% CAGR.
> India's IVF treatment cost is 1/5 of that in the US
> Company plan a capex of INR 25 Cr for FY27, primarily for new hubs.

[Karan @Karanbd1]

🗣️ FAAAAA

[Karan @Karanbd1]

Ministers' Children & Where They Studied.

Only 2 out of 11 studied in India, the rest, abroad. Haha.

[Karan @Karanbd1]

Ultimately, SpaceX is pitching a 28.5 trillion total addressable market, mostly driven by AI(26.5 trillion). It is an audacious, cash-hungry mix of businesses straight out of a sci-fi movie.

[Karan @Karanbd1]

SpaceX’s $2 Trillion Ambition 🚀

SpaceX is aiming for a record-breaking IPO that could raise over $70 billion and value the company at $2 trillion.

Let's dive into the wild financials and extreme ambitions of Elon space empire🧵👇

[Karan @Karanbd1]

To fund this, SpaceX raised $26 billion in 2025, heavily relying on debt.

The primary goal of the massive upcoming IPO is actually to pay down this heavy debt burden before funding new growth