Zepto To File Updated DRHP Next Week, Kickstart Investor Roadshows With July IPO Aim

Quick commerce platform Zepto is set to file an updated draft red herring prospectus (DRHP) early with SEBI next week, according to sources familiar with the matter, as the company looks to take the next step in its public market journey.

The updated filing will pave the way for investor roadshows and move the company closer to a July stock market debut. Zepto had originally filed its IPO papers under the confidential route in December 2025.

Sources said the company is looking to raise around Rs 11,000 crore through the offering. Founders Aadit Palicha and Kaivalya Vohra are not expected to sell shares in the IPO, keeping their stakes as Zepto enters the public markets.

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The listing comes at a time when India's quick commerce sector is increasingly being judged on scale, profitability and the quality of revenue rather than just growth.

Sources said Zepto has crossed Rs 10,000 crore in net order value (NOV) in the current quarter, marking a key milestone as competition intensifies among the country's largest quick commerce players.

The company has also significantly reduced cash burn, bringing it down to around Rs 120 per order from nearly Rs 200 a year ago. Internally, Zepto expects another four to five quarters before reaching what it considers an optimal break-even level across the business.

One of the key changes in Zepto's IPO narrative is likely to be its focus on Net Realizable Value (NRV) as a core operating metric.

The move would distinguish Zepto from listed rival Eternal (formerly Zomato), which reports Net Order Value (NOV) for its quick commerce business Blinkit. NOV broadly captures the value of orders transacted on the platform, while NRV seeks to reflect the actual revenue realised by the company, including commissions, service fees and advertising income.

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Sources said Zepto plans to include advertising revenue within its NRV metric, highlighting the growing contribution of ads to the economics of quick commerce. The approach could offer investors a clearer picture of monetisation compared with gross transaction value-based measures.

Meanwhile, Swiggy has disclosed gross order value and other operating metrics for Instamart, with investors increasingly tracking contribution margins, take rates and advertising income as indicators of the business's path to profitability.

The upcoming IPO is expected to be among the largest public offerings by a new-age consumer internet company this year and will provide investors with a fresh benchmark to compare the business models and profitability trajectories of Zepto, Blinkit and Instamart.

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Tecno Pova 8 to Launch in India With 8,000mAh Battery on This Day

Tecno has confirmed the launch date of its upcoming Pova 8 smartphone in India. The handset is set to arrive next week and has already been teased in official promotional material. The company has also revealed part of the phone's design, including a redesigned rear camera module and confirmation of a large battery. Recent certification listings and benchmark appearances have additionally hinted at several hardware specifications, including the chipset, charging capabilities, software version, and storage configurations expected on the smartphone.

Tecno Pova 8 India Launch: All We Know

According to an X post shared by Pova Mobile India, the Tecno Pova 8 will launch in India on June 11 at 12pm IST. A banner of the upcoming model on the Flipkart app suggests it will be available for purchase in the country via the e-commerce site. The teaser also offers an early look at the smartphone's design and confirms that it will pack an 8,000mAh battery.

The promotional material suggests that the Tecno Pova 8 handset, teased in green and silver finishes, retains a rear camera layout similar to the Tecno Pova 7. However, the newer model appears to feature a matrix-style dotted lighting element integrated into the camera module.

It appears to be similar to the Glyph Matrix system on the Nothing Phone 3 and Phone 4a Pro, which uses a grid of micro-LEDs to display notifications and key information, allowing users to check updates without turning on the screen.

A Tecno handset, speculated to be the Pova 8, was recently reportedly spotted on Geekbench with a MediaTek Dimensity 7100 chipset paired with 6GB of RAM and Android 16.

The Tecno Pova 8 with support for 45W wired fast charging is also said to have appeared on the FCC certification database. The phone is expected to come with 3G, 4G, and 5G network support, alongside Bluetooth, NFC, Wi-Fi, and GPS connectivity. NFC availability is likely to vary by market. Other leaks claim that the upcoming phone could be available in 6GB + 128GB, 8GB + 128GB, and 8GB + 256GB variants.

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'Gullak' Season 5 OTT Release: Date, Time, Plot, Cast, Where To Watch

The Mishra family is ready to open the doors of Mishra Nivas once again. After winning audiences over with its simple storytelling, relatable characters and slice-of-life moments, Gullak is returning for a fifth season that promises more laughter, family drama and emotional twists.

The newly released trailer revisits the familiar world of Mishra Nivas, bringing back the everyday moments and middle-class charm that define the series. While a renovated home and new additions like Wi-Fi hint at changing times, the show's focus on family bonds, conversations and daily struggles remains unchanged.

What happened in Season 4?

Season 5 arrives after an emotional fourth season that explored the changing dynamics within the Mishra household. The previous season saw Aman navigating the challenges of growing up, while his elder brother Annu finally achieved a breakthrough in his professional life after facing several setbacks.

What To Expect From Season 5?

Season 5 continues to follow the lives of the Mishras as they navigate changing times while staying rooted in the values that have made them one of the most loved families on Indian streaming platforms.

One of the key storylines this season centres on Annu Mishra, who appears to be considering moving into a separate apartment.

The development could bring significant changes to the family, as Season 5 explores themes of ambition, independence, self-discovery and the challenges that come with adulthood.

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A Major Casting Change

Season 5 introduces a significant casting update, with Anant V. Joshi taking over the role of Annu Mishra from Vaibhav Raj Gupta, who portrayed the character in previous seasons.

The series continues to star Jameel Khan as Santosh Mishra, Geetanjali Kulkarni as Shanti Mishra, Harsh Mayar as Aman Mishra and Sunita Rajwar as Bittu Ki Mummy. The ensemble cast also includes Shivankit Singh Parihar, Gopal Dutt, Manuj Sharma and Helly Shah.

When And Where To Watch?

Gullak Season 5 will premiere on June 5, 2026, and will be available to stream on Sony LIV.

Watch The Trailer Here:

ALSO READ: 'He-Man And The Masters Of The Universe' India Release: Plot, Cast, Early Reviews — All You Need To Know

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Xiaomi 17T First Impressions

The T-series has long been an interesting proposition in Xiaomi's portfolio. While the numbered flagship series is the showcase for the company's latest innovations, the brand’s T models focus on bringing select flagship features to a more accessible price point. The new Xiaomi 17T not only continues that formula but also marks the return of a T-series phone to India after more than four years. The handset places a stronger emphasis on photography than before, especially with the inclusion of the Leica-tuned imaging system.

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Nifty, Sensex Down 1%, All Sectors In Red: Three Reasons Why Market Is Falling

Domestic equities are trading lower on Wednesday, tracking weak global cues, and lingering geopolitical tensions. Benchmark indices are in the negative territory, with selling pressure visible across sectors. 

Nifty fell as much as 1.41% to 23,151, whereas Sensex fell 1.55% to 73,492.6 intraday. At 1:38 pm, Nifty is down 0.59% at 23,344.4, and Sensex is down 0.67% at 74,150.22..

The pressure comes on the back of gaining crude prices, and volatile IT stocks. 

All sectors were trading in the red, with losses led by IT, which remained 3.61% down during early trade, followed by Realty, Media, and PSU Bank.

The broader market is also facing pressure with the Nifty Smallcap 250 falling almost 0.54%, and the Nifty Midcap 150 dropping about 0.74%.

Here's three reasons why markets are crashing on Wednesday:

US-Iran War Uncertainty

On June 3, US Central Command said U.S. forces defeated multiple Iranian ballistic missiles and drones amid attempted attacks across the Middle East. Iran launched several missiles toward regional neighbours, but none hit their targets: two fired at Kuwait fell short or broke apart, and three aimed at Bahrain were intercepted by US and Bahraini air defenses.

Earlier, CENTCOM shot down three Iranian one-way attack drones launched toward civilian mariners in regional waters. In response, US forces conducted self-defense strikes on an Iranian military ground control station on Qeshm Island. No U.S. personnel were harmed, and CENTCOM said forces remain vigilant during the ongoing ceasefire.

US President Donald Trump called reports of a cessation in talks 'false and erroneous.'

"The conversations between us have been going on continuously, including four days ago, three days ago, two days ago, one day ago and today,” Trump said in a social media post. "Where they lead, one never knows, but as I told Iran, It's time, one way or another, for you to make a Deal."

Gaining Crude Prices

Oil prices extended gains for a third straight session on Wednesday as hopes of a near-term peace agreement between the US and Iran faded, while renewed fighting in the Middle East added to concerns over global crude supplies.

Brent crude climbed towards $97 a barrel, while US benchmark West Texas Intermediate traded near $95. The latest advance comes after oil prices gained more than 7% over the first two trading sessions of the week.

The uncertainty has complicated expectations for the resumption of oil flows from the region. Traders had previously bet that a deal could lead to a quicker reopening of supply routes and help ease pressure on global inventories. Instead, delays are increasing concerns that countries may need to rely more heavily on existing crude stockpiles while waiting for exports from the Persian Gulf to normalise.

Volatile IT Stocks

IT stocks have turned volatile after a strong run-up, with investors increasingly booking profits amid stretched valuations. Technical indicators suggest a reversal in momentum, prompting traders to reduce exposure. Sentiment has also been hit by cautious commentary from foreign brokerages, some of which have flagged concerns around earnings growth and demand visibility.

At the same time, the broader structural setup remains challenging, with uncertainty around discretionary technology spending and the pace of recovery in key overseas markets. Adding to the pressure, global software stocks have witnessed a technical pullback, dragging down sentiment toward Indian IT names as well.

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Everything Announced at State of Play: God of War Laufey, Until Dawn 2, Rayman Legends Retold

Sony revealed a host of new first-party games at State of Play, along with several third-party announcements. God of War Laufey and Until Dawn 2 were revealed, while Wolverine got another gameplay trailer. Ubisoft revealed Rayman Legends Retold, a remake of the 2D platformer. Here's everything that was announced at State of Play.

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Sooryavanshi Not Greatest Ever MVP In A Season, IPL Experts Explain Why

IPL experts Ambati Rayudu, Aaron Finch, and Tom Moody thoroughly enjoyed Vaibhav Sooryavanshi's blitz in the 2026 season but still refused to give his performance the status of the MVP (Most Valuable Player). The 15-year-old batter left everyone spell-bound with his powerful performance, amassing 776 runs in 16 matches for Rajasthan Royals. Apart from being the leading run-scorer of the tournament, Sooryavanshi also bagged sveral awards, including the most number of sixes (72). While the Bihar-born batters continues to receives heartfelt praises from all over the world, IPL experts still rated Sunil Narine's performance Kolkata Knight Riders in 2024 as the greatest. 

The former West Indies all-rounder was at his absolute best in the 2024 season, scoring 488 runs at a strike rate of 181 and also scalped 17 wickets, playing a pivotal in KKR's third title win.

Speaking on ESPNCricinfo, the experts trio acknowledged Sooryavanshi's extraordinary talent but still considered Narine to be ahead of him in the list of individual performers. 

"Sunil Narine, for me, beats everyone in terms of the best individual IPL season because he's not a well-accomplished batsman like Shane Watson. He had to do a makeshift job opening against quality fast bowling. That season surpasses many great seasons, including Warner's. It was unbelievable. For me, these two seasons are right at the top and difficult to separate," Rayudu said.

Agreeing to Rayudu's statement, Finch added, "I have Narine clearly at the top as the greatest individual IPL season. He was a brilliant bowler, took crucial wickets, scored important runs, struck at 181 and maintained an economy rate of 6.7. To open the batting, bowl in all phases of the innings and then win the title — that's the icing on the cake. That's the greatest season of all time."

Hearing this, Moody joined in and pinpointed the fact that Narine's economy in 2024 was below seven, and he himself was scoring almost 11 runs per over.

"One thing that stands out is that he conceded fewer than seven runs per over in a season where he was scoring at almost 11 runs per over. He's the champion. The runs he scored, we've never seen before. The way he played while still taking 17 wickets at 6.7 makes that season extraordinary."

Speaking about Sooryavanshi, Rayudu and Moody stated that the teenager needs to prove himself on different surfaces, in order to be considered the MVP.

"The only point I would make is that whenever the wicket was slow, he got out early. So he still has to prove himself consistently on slightly more difficult surfaces," said Rayudu. 

"One thing to consider is that this is the era of the Impact Player, where surfaces are much easier to bat on than historically," Moody said.

"Back then, bowlers like Narine, Amit Mishra and Rashid Khan dominated the tournament. Today, that influence has reduced considerably. That's a serious factor when comparing players across different IPL eras," he added. 

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