ZUMVU

#quickcommerce

Vedanta Nahata
Posted on 13 June at 10:29AM
Zepto Secures $650M in Funding, Valuation Soars to $3.5B

Zepto, the Y Combinator-backed instant grocery delivery startup, is raising $650 million from existing investors like StepStone Group and new investors including Avenir Growth and Lightspeed Venture Partners. This funding round will more than double Zepto's valuation from $1.4 billion to $3.5 billion, showcasing strong investor confidence in India's booming quick commerce sector. This marks Zepto's second major funding round within a year, following a $231 million raise in August 2023. Zepto
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Zepto to raise $650 million at $3.5-billion valuation moneycontrol.com Nexus and its LP StepStone will together lead the round by putting in a majority of the total $650 million, sources said.