Zepto To Raise Another $340 Million At $5 Billion Valuation

Aug 14, 2024 · Quick commerce major Zepto is set to close another $340-million in fresh investment at an upgraded valuation, taking the capital it has raised in the past two months to …

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Zepto To Raise Another $340 Million At $5 Billion Valuation

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Aug 14, 2024 · Quick commerce major Zepto is set to close another $340-million in fresh investment at an upgraded valuation, taking the capital it has raised in the past two months to …

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Zepto Acquires Another $340 Mn In Funding, Raising A Total

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Aug 14, 2024 · The investment, led by General Catalyst and Mars Growth, shows how the market is becoming more confident in Zepto’s business plan and its potential for quick growth. The …

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Zepto Raises $340 Million In Follow-on Financing Round

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Aug 30, 2024 · Leading quick-commerce platform, Zepto has raised $340 million in a follow-on financing round at a valuation of $5 billion which comes close on the heels of its previous …

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India's Zepto Raises $340 Mln At $5 Bln Valuation | Reuters

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Aug 29, 2024 · Zepto had a 28% market share as of January 2024, up from 15% in March 2022, according to HSBC. Blinkit had a 40% market share as of January and Instamart had 32%. …

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#Zepto Sees 40% Bump Up In Two Months, Raising Another $340

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#Zepto sees 40% bump up in two months, raising another $340 million at a $5 billion valuation. Here's Rishabh Bhatnagar with the details. Read more:...

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Zepto Raises $340 Million In Funding, Takes Company's Valuation …

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Aug 14, 2024 · Quick commerce start-up Zepto has struck a deal to raise $340 million in a new funding round. This would take the company’s valuation to $5 billion. Out of the $340 million …

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Zepto Secures Another $340 Mn At $5 Bn Valuation As Quick ... - MSN

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Just two months after raising a pre-IPO funding round of $665 million, quick commerce startup Zepto has secured follow-on financing of $340 million led by US-based venture capital firm …

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Zepto Raises $340 Million, Reaches $5 Billion Valuation

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Aug 14, 2024 · Indian instant delivery startup Zepto has secured $340 million in a new funding round, raising its valuation to $5 billion. This marks a significant increase from its valuation of …

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Zepto Hits $5 Billion Valuation As It Closes $340M Round

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Aug 14, 2024 · Zepto, an Indian quick commerce start-up, has successfully secured $340 million in a Series G funding round. This latest investment has elevated the company's valuation to an …

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Zepto Raises Another $350M Amid Retail Upheaval In India

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6 days ago · Zepto, which serves a total of more than 7 million orders in over 17 cities daily, is on track to record annualized sales of $2 billion, according to an investor presentation reviewed …

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How Zepto Raised $1.05 Billion In Two Months: ‘Couldn't Pass ...

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Zepto raised $340 million on August 29 after closing the first $665 million round on June 21. Since being founded in 2021, Zepto has raised around $1.5 billion in total.

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NDTV Profit | #Zepto Sees 40% Bump Up In Two Months, Raising …

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49 likes, 0 comments - ndtvprofit on August 30, 2024: "#Zepto sees 40% bump up in two months, raising another $340 million at a $5 billion valuation. Here's Rishabh Bhatnagar with the …

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FAQs about Zepto To Raise Another $340 Million At $5 Billion Valuation Coupon?

Why did zepto raise $340 million?

Zepto raised $340 million, valuing the company at $5 billion, to expand its quick commerce operations. The funding aims to double dark stores and enter new markets, with sales projected to exceed ₹5,000 crore in FY24 as Zepto prepares for an IPO. ...

What is zepto doing now?

Zepto is focusing on expanding its operations in metros and Tier I cities as it tries to compete with both established rivals and new entrants. Quick commerce unicorn Zepto has raised $340 million in follow-on financing at a valuation of $5 billion amid growing competition and consumer traction in the sector. ...

How much money does zepto make a year?

Zepto is on track to generate more than $1.5 billion in annualized sales, a source familiar with the matter told TechCrunch. Blinkit is currently on track to see about $2 billion annualized sales this year, according to its parent company Zomato’s quarterly results statement. Zepto declined to comment. ...

What is zepto & how does it work?

Such stores house the goods used to fulfil orders placed online. The company reported a 140 per cent revenue increase from the previous year in June, and currently collaborates with more than 50,000 delivery partners, adding over 5,000 agents each month. Zepto was founded by Aadit Palicha and Kaivalya Vohra. ...

Why is zepto gaining popularity in India?

Zepto's rapid ascent comes at a time when Indian consumers are increasingly turning to quick commerce services, which offer lightning-fast delivery times. Originally focused on groceries, these platforms have diversified to include mobile phones, tech accessories, and gifting items, catering to a broader range of consumer needs. ...

Why did zepto invest in New funds?

Aadit Palicha, Zepto's co-founder and CEO, emphasized that the new funds will be utilized to strengthen the company's balance sheet, ensuring it has the financial stability to continue its aggressive expansion. "We're committed to delivering robust growth and maintaining our leadership in the quick commerce space," Palicha stated. ...