CosmicTaco

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

CosmicTaco · 2024-08-30T09:46:02.409720+05:30

- 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 to Rs 2,024 crore - Quick commerce market attracts government attention due to potential impact on small retailers Source: [Moneycontrol](https://www.moneycontrol.com/news/business/startup/zepto-raises-1-billion-in-two-months-closes-340-million-round-led-by-general-catalyst-12810088.html)

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 to Rs 2,024 crore
Quick commerce market attracts government attention due to potential impact on small retailers

Source: Moneycontrol