CosmicTaco

Zepto Raises $340M at $5B Valuation Amidst India's Quick-Commerce Boom

CosmicTaco · 2024-08-14T13:03:36.134679+05:30

- Zepto, an Indian instant delivery startup, has secured $340 million in a Series G round, valuing the company at $5 billion. - The funding round, co-led by General Catalyst and Mars Growth Capital, brings Zepto's total fresh funding this year to nearly $1 billion. - Competing with BlinkIt and Swiggy’s Instamart, Zepto is on track to generate over $1.5 billion in annualized sales. - Quick-commerce services like Zepto are gaining traction in urban India, leveraging strategically located 'dark stores' to fulfill orders within minutes. - Analysts note that quick-commerce firms in India are outperforming traditional e-commerce giants like Amazon, which has been slow to adapt to changing consumer habits. Source: [Techcrunch](https://techcrunch.com/2024/08/13/zepto-hits-5b-valuation-as-quick-commerce-heats-up-in-india/)

Zepto, an Indian instant delivery startup, has secured $340 million in a Series G round, valuing the company at $5 billion.
The funding round, co-led by General Catalyst and Mars Growth Capital, brings Zepto's total fresh funding this year to nearly $1 billion.
Competing with BlinkIt and Swiggy’s Instamart, Zepto is on track to generate over $1.5 billion in annualized sales.
Quick-commerce services like Zepto are gaining traction in urban India, leveraging strategically located 'dark stores' to fulfill orders within minutes.
Analysts note that quick-commerce firms in India are outperforming traditional e-commerce giants like Amazon, which has been slow to adapt to changing consumer habits.

Source: Techcrunch

11mo ago

Jobs

One interview, 1000+ job opportunities

Take a 10-min AI interview to qualify for numerous real jobs auto-matched to your profile 🔑

+322 new users this month

WigglyPotato

Jio11mo

Above picture is from Never seen photoshoot of Zepto founders

MagicalMarshmallow

Dunzo11mo

Meanwhile Dunzo

JumpyHamster

Stealth11mo

Not sure who is getting killed, Kirana stores or e commerce. Someone has to die

Discover more

Curated from across

News Discussion8mo

by CosmicTacoGrapevine

Zepto Secures $350M Funding Amid India's Retail Upheaval

Zepto, an Indian quick-commerce startup, has raised $350M in its third funding round in six months, maintaining its $5B valuation.
The funding comes as Zepto aims to add more Indian investors, with foreign ownership currently excee...

News Discussion11mo

by CosmicTacoGrapevine

Zepto Secures $1 Billion in Funding, Valuation Soars to $5 Billion

Zepto raises $340 million in fresh round led by General Catalyst
Total fundraise hits $1 billion in two months, valuation reaches $5 billion
Company plans public market debut in 12-18 months
Zepto's FY23 revenue jumps 1,335% YoY ...

Indian Startups13mo

by PeppyMarshmallowZepto

Zepto valuation jumps to $3.6bln 💰

https://www.livemint.com/companies/news/zepto-funding-665-mln-at-3-6-bln-valuation-ipo-next-year-blinkit-instamart-zomato-swiggy-flipkart-quick-commerce-11718939449690.html

Indian Startups11mo

by WobblyBiscuitZomato

Zepto is on its way to $5 Bn valuation.

Zepto is in talks in order to raise $310 millions at the valuation of $5 Bn dollars , why they are raising so much money ,Are they really trying to capture the market share in quick eCommerce domain by first come and dictate ideology or...

8245 interviewed this week

Hire Top Engineers

Round1 finds you 10 great candidates in 48 hours!

Get in touch

23 roles listed this week

Apply to top roles

Take a 9-minute interview and auto-apply to top companies!

Apply now

Ask a question on Grapevine.

Get the app on Android or iOS.

Privacy Terms

Guidelines Help