Topic: growth metrics
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Zepto Hits $7B Valuation with $450M Funding Amid Quick Commerce Boom
Zepto secured a $400 million investment led by CalPERS, boosting its valuation to $7 billion and positioning it for an IPO next year, with daily orders surging to 1.7 million. The company operates in a highly competitive quick commerce market against rivals like BlinkIt and Swiggy Instamart, whil...
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Saudi's Orbii Raises $3.6M Seed Round Led by Prosus for SME Lending
Orbii, a Riyadh-based AI credit platform, raised $3.6 million in seed funding to enhance SME financing access across the MENA region. The platform uses AI to automate underwriting and loan processes, integrating with financial systems for rapid, data-driven lending decisions. With the new funding...
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Organic Search Still Dominates as AI Drives Less Than 1% of Referrals
AI search platforms are growing rapidly but drive less than 1% of website referral traffic and show weak conversion performance. Organic search remains the dominant and most effective channel for conversions and customer acquisition in digital marketing. Marketers should balance investment in pro...
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Rulebase: The AI Coworker for Fintech, Backed by Y Combinator
Rulebase is a fintech startup focusing on back-office automation, using AI to streamline compliance, dispute resolution, and quality assurance in financial institutions. Founded by Gideon Ebose and Chidi Williams, the company secured $2.1 million in pre-seed funding and has achieved significant c...
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Gemini Surpasses ChatGPT on App Store with Nano Banana AI Driving 45% Download Surge
Gemini's mobile app saw a 45% increase in downloads in September, reaching 12.6 million, largely due to the successful launch of its Nano Banana image editor. The app climbed to the top of the U.S. App Store rankings, displacing ChatGPT, and now ranks in the top five iPhone apps in 108 countries ...
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