India’s Zepto enters unicorn elite with $450 million raise, eyes IPO next
Indian quick-commerce platform Zepto has raised $450 million in a funding round led by U.S. pension funds and other institutional backers, pushing its valuation to $7 billion. The company reports having approximately $900 million in net cash reserves to fuel expansion. It competes with Blinkit and Instamart, offering grocery and essentials delivery within minutes across key Indian cities. The fresh capital will support scaling operations, dark-store expansion, product diversification, and preparing for a potential IPO down the line.
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3 days ago
India’s Zepto enters unicorn elite with $450 million raise, eyes IPO next
Indian quick-commerce platform Zepto has raised $450 million in a funding round led by U.S. pension funds and other institutional backers, pushing its valuation to $7 billion. The company reports having approximately $900 million in net cash reserves to fuel expansion. It competes with Blinkit and Instamart, offering grocery and essentials delivery within minutes across key Indian cities. The fresh capital will support scaling operations, dark-store expansion, product diversification, and preparing for a potential IPO down the line.
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India’s Zepto enters unicorn elite with $450 million raise, eyes IPO next
3 days ago
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Zepto joins India’s unicorn elite after $450M raise, boosting its valuation to $7B and setting sights on IPO expansion.
Indian quick-commerce platform Zepto has raised $450 million in a funding round led by U.S. pension funds and other institutional backers, pushing its valuation to $7 billion. The company reports having approximately $900 million in net cash reserves to fuel expansion. It competes with Blinkit and Instamart, offering grocery and essentials delivery within minutes across key Indian cities. The fresh capital will support scaling operations, dark-store expansion, product diversification, and preparing for a potential IPO down the line.
Indian quick-commerce platform Zepto has raised $450 million in a funding round led by U.S. pension funds and other institutional backers, pushing its valuation to $7 billion. The company reports having approximately $900 million in net cash reserves to fuel expansion. It competes with Blinkit and Instamart, offering grocery and essentials delivery within minutes across key Indian cities. The fresh capital will support scaling operations, dark-store expansion, product diversification, and preparing for a potential IPO down the line.