Zerodha Down: Technical glitch complaint in Kite app, screen freezes again

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Users of stock broking firm Zerodha faced another technical glitch on Friday. Many users of its trading app Kite complained of screen freezes and other issues. Users complained on social media platform X (formerly Twitter) that Zerodha’s broking platform has completely frozen, leaving them stranded for some time.

However, the broking platform has started working again after the outage. This is the second outage in just 15 days. Earlier this month, Zerodha faced technical issues when Indian stock market benchmark indices Sensex and Nifty 50 hit record highs after the announcement of the Lok Sabha Election Exit Poll 2024 on June 3.

Zerodha users took to Twitter to express their frustration over today’s technical glitch. CA Vivek Khatri wrote in a post – “Zerodha hangs!!! We have already switched to another platform. Zerodha has many problems.” Another user posted a screenshot of a glitch in his trading app.

Zepto raised $665 million, valuation $3.6 billion

E-commerce company Zepto has raised $665 million (roughly Rs 5,560 crore) in its latest funding round. The company said on Friday that this has increased its market capitalization to $3.6 billion, nearly tripling in a year. The massive funding comes less than a year after the Mumbai-based startup raised $235 million at a $1.4 billion valuation.

New investors like Avenir, Lightspeed, Avera, as well as legacy investors like Glad Brook, Nexus, Stepstone, Goodwater and Lashi Groom participated in the company’s recent funding round. “We went from zero to one billion in sales in 29 months, faster than any Internet company before us,” Zepto co-founder and chief executive officer (CEO) Adit Palicha told PTI. . “Even now at a billion dollar-plus scale, we’re growing more than 100 percent year over year.”

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