Happy Wednesday! Zepto's IPO filing reveals where it really stands against Blinkit and Instamart. This and more in today’s ETtech Morning Dispatch.Also in the letter:■ ETtech Done Deals■ Chip projects get boost■ IT's contract conundrumZepto overtakes Instamart in order count, trails Blinkit in scale and profitability Aadit Palicha, CEO, ZeptoZepto’s updated IPO prospectus offers the clearest picture yet of India’s quick commerce pecking order, showing it has moved ahead of Instamart on order value and volumes but continues to trail market leader Blinkit.Cash burn challenge: Despite improving operating metrics and reducing fixed costs per order, Zepto remains deeply loss-making, highlighting the balancing act between sustaining growth and delivering a credible path to profitability for public market investors.War chest builds: The Rs 8,010-crore primary fundraise will significantly strengthen Zepto’s balance sheet, providing ammunition for dark store expansion and customer acquisition as competition intensifies.Battle far from over: With Amazon and Flipkart scaling rapidly alongside Blinkit and Instamart, analysts expect competitive intensity and cash burn to remain elevated, suggesting the fight for quick commerce leadership is entering a new phase rather than nearing an end.Shareholding structure: Zepto's shareholding spans founder trusts, venture investors and its Esop trust. Promoters hold 19.6%, while Nexus Venture Partners -- an early backer of the company -- owns 13.1%. Legal scanner: Zepto disclosed that cofounders Aadit Palicha and Kaivalya Vohra received summons from the Directorate of Enforcement (ED) on April 8 under the Foreign Exchange Management Act, 1999.Vohra appeared before the agency on April 17 and 22, while Palicha appeared on April 20 and May 15.Also Read: Inside Zepto’s IPO filing — the key takeawaysH-1B workers get relief as US court scraps $100,000 fee; employers may accelerate filings A US court has struck down the Trump administration's $100,000 fee for new H-1B petitions, potentially spurring more sponsorship of skilled foreign workers and improving job mobility for Indian professionals.Driving the news: On June 8, US District Court Judge Leo Sorokin ruled that the government could not impose the fee without following the formal rulemaking process required under the Administrative Procedure Act.The ruling eases pressure on H-1B workers, especially Indians, though the decision could still face a challenge.Background: The $100,000 fee took effect on September 21, 2025. Along with stricter scrutiny, it contributed to an almost 40% drop in H-1B registrations for FY27, according to the United States Citizenship and Immigration Services (USCIS).Several lawsuits challenged the fee, including one led by the US Chamber of Commerce, which the court upheld.Expert speak: Shilpa Malik, managing attorney at VisaNation Law Group, said employers may now be more willing to sponsor or transfer H-1B workers.With the variable cost of sponsorship gone, she added, H-1B visa holders may find it easier to change employers, boosting mobility in the US labour market.MyGate closes Rs 225 crore funding round from Dharana Capital (L-R) Shreyans Daga, Abhishek Kumar and Rohit Jindal, founders, MyGateHousing society management platform MyGate has raised Rs 225 crore from Dharana Capital.Round details:About Rs 100 crore is fresh capital; Rs 125 crore came via a secondary share sale.Early investors, including Prime Venture Partners, and some senior employees, sold shares.The deal values MyGate at Rs 2,000-2,200 crore.The startup has raised about $84 million to date from investors such as Tiger Global and Tencent.CEO speak: Abhishek Kumar said monetisation remains challenging despite MyGate serving affluent communities. "Nearly 70% of our revenue comes from advertising, around 25% from our core software offering and about 5% from the smart devices vertical."Exponent Energy raises Rs 200 crore led by 360 ONE Asset, TDK VenturesArun Vinayak, cofounder and CEO of Exponent EnergyEV charging startup Exponent Energy has secured Rs 200 crore ($21.1 million), led by 360 ONE Asset and TDK Ventures.Tell me more:Hitachi Ventures made its first India investment with the deal.Existing investors, including Eight Roads, Lightspeed and 3one4 Capital, also participated.Total funding has now reached $65.7 million.Exponent will use the capital to expand its commercial EV charging network.Other Top Stories By Our ReportersSEZ import relief to fast-track chip projects: The Centre’s decision to exempt all permissible imports by Special Economic Zone (SEZ) units and developers from Quality Control Orders (QCOs) and mandatory Bureau of Indian Standards (BIS) requirements is expected to significantly accelerate semiconductor manufacturing projects being set up under the India Semiconductor Mission (ISM), analysts told ET.‘Outcome-based’ contracts risk revenue growth for tech firms: As the rise of AI pushes Indian IT companies and clients to focus on creating ‘outcome-based’ contracts, the change comes with increased risk to revenue for IT companies and greater chances of litigation, industry experts and experts say.'AI not a threat for IT services': TCS chairman N Chandrasekaran sought to calm existential fears around IT in the age of AI, arguing that AI and information technology are complementary, not competing, forces.Ather board to consider fresh fundraise on June 12: Electric two-wheeler maker Ather Energy's board will meet on June 12 to consider raising fresh capital, the company said in an exchange filing on Tuesday.Global Picks We Are Reading■ It’s not FAANG anymore. It’s MANGOS. (TechCrunch)■ Could humanoid robots be heading for the battlefield? (BBC)■ The great AI divide: Navigating US and Chinese dominance (Rest of World)