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Zepto, a prominent player in the quick commerce landscape in India, is drawing significant investor interest for an additional $250 million following its recent $665 million raise. The company, which achieved a valuation of $3.4 billion, more than double its $1.4 billion valuation in August 2023, is poised to become the only company to have raised over $1 billion in such a short span this year, surpassing Flipkart's $950 million round in May. Key investors in Zepto's latest round include General Catalyst, Sovereign Funds, StepStone, Nexus Venture Partners, and Glade Brook Capital Partners. Zepto is being hailed as the 'Walmart of India' and is revolutionizing the quick commerce sector, with plans for continued expansion and innovation over the next decade.
"Zepto is building Walmart of India." https://t.co/7Tz0Wgc70A
Excited to partner with @ZeptoNow for the third time, and thrilled to announce that this marks @avracap 's first significant investment. Why does 10-minute delivery work in India? India is a retail anomaly with over 90% of trade being unorganized retail. Consumers often… https://t.co/LyWMn8jo0Z
We're excited to have co-led @ZeptoNow's oversubscribe $665 million round alongside StepStone platform manager, @NexusVP and Glade Brook Capital Partners. We look forward to their continued expansion in the #quickcommerce space. 🦄 Via @TechCrunch: https://t.co/dpGQBOXs0Q https://t.co/mYxaZ7KkaQ
