Mumbai-based quick-commerce firm Zepto is set to raise an additional $310 million, taking its valuation to $5 billion. This marks a 40% increase from its last funding round just over a month ago. The funding round, which includes a fresh $340 million led by General Catalyst, contributes to Zepto's total funding surpassing $1 billion in just two months. This rapid growth has seen Zepto's valuation increase nearly fivefold over the past year, driven by the rise of rapid delivery services. Zepto's annualized sales have crossed $1.5 billion, highlighting its significant market presence.