Zepto raises $450M, hits $7B valuation in latest round
Quick-commerce startup Zepto secured $450 million in fresh funding, lifting its valuation to $7 billion. The round included new and existing backers like CalPERS, General Catalyst, and Lightspeed. With ~₹7,200 crore in net cash reserves (~$900M), Zepto aims to scale its grocery and essentials delivery footprint across metropolitan India. The company competes directly with Blinkit and Swiggy Instamart. The capital will be used for expansion, inventory, R&D, and preparing for a potential IPO.
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3 days ago
Zepto raises $450M, hits $7B valuation in latest round
Quick-commerce startup Zepto secured $450 million in fresh funding, lifting its valuation to $7 billion. The round included new and existing backers like CalPERS, General Catalyst, and Lightspeed. With ~₹7,200 crore in net cash reserves (~$900M), Zepto aims to scale its grocery and essentials delivery footprint across metropolitan India. The company competes directly with Blinkit and Swiggy Instamart. The capital will be used for expansion, inventory, R&D, and preparing for a potential IPO.
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Zepto raises $450M, hits $7B valuation in latest round
4 days ago
1 min read
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Zepto raises $450M at $7B valuation, reinforcing its dominance in India’s quick commerce race.
Quick-commerce startup Zepto secured $450 million in fresh funding, lifting its valuation to $7 billion. The round included new and existing backers like CalPERS, General Catalyst, and Lightspeed. With ~₹7,200 crore in net cash reserves (~$900M), Zepto aims to scale its grocery and essentials delivery footprint across metropolitan India. The company competes directly with Blinkit and Swiggy Instamart. The capital will be used for expansion, inventory, R&D, and preparing for a potential IPO.
Quick-commerce startup Zepto secured $450 million in fresh funding, lifting its valuation to $7 billion. The round included new and existing backers like CalPERS, General Catalyst, and Lightspeed. With ~₹7,200 crore in net cash reserves (~$900M), Zepto aims to scale its grocery and essentials delivery footprint across metropolitan India. The company competes directly with Blinkit and Swiggy Instamart. The capital will be used for expansion, inventory, R&D, and preparing for a potential IPO.