
CosmicTaco
Zepto Secures Funding Amidst IPO Ambitions
- Zepto raises Rs 7.5 crore from Elcid Investments as it prepares for a bigger funding round, possibly valuing the company at $7 billion.
- The company's revenue has consistently doubled year-on-year, reaching Rs 11,110 crore in FY25.
- Zepto's valuation exceeds $5 billion, with plans to boost it further through ongoing capital raises.
- The startup competes with major players like Swiggy and Zomato's Blinkit, showing robust revenue growth.
- Founded in 2021, Zepto aims for an IPO by 2025, having already restructured its corporate setup for such plans.
Source: YourStory
4d ago
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