- Drip Capital has raised $113 Mn through a mix of debt and equity financing.
- Japanese investors GMO Payment Gateway and SMBC contributed $23 Mn in equity.
-

- Drip Capital has raised $113 Mn through a mix of debt and equity financing.
- Japanese investors GMO Payment Gateway and SMBC contributed $23 Mn in equity.
- The startup secured $90 Mn in debt from IFC and East West Bank.
- Funds will support market expansion and new product development.
- Drip Capital has financed over 1.99 Lakh invoices worth $6.5 Bn since last year. 

 Source: [Inc42](https://inc42.com/buzz/flush-with-funds-zepto-likely-to-enter-bnpl-space-with-zepto-postpaid/)

Drip Capital Secures $113 Mn Amidst Market Challenges

Drip Capital Secures $113 Mn Amidst Market Challenges- Grapevine

Welcome to Indian Startups's Private Community

https://www.livemint.com/companies/news/zepto-funding-665-mln-at-3-6-bln-valuation-ipo-next-year-blinkit-instamart-zomato-swiggy-flipkart-quick-commerce-11718939449690.html

Zepto valuation jumps to $3.6bln 💰

Software Engineer

https://www.business-standard.com/companies/news/quick-commerce-firm-zepto-raises-665-mn-in-funding-valued-at-3-6-bn-124062100289_1.html

Zepto raised $665bn at $3.6bn valuation . Mind blowing execution

Software Developer

Welcome to News Discussion's Private Community

I think in this bear market, to be able to raise like this, says something about how much investors believe in them & the model
https://thearcweb.com/article/zepto-quick-commerce-aadit-palicha-blinkit-swiggy-flipkart-if07YMNjRHiOjmFA

Zepto going from $1B to $3B valuation in just 8-9 months after last announcement.

Product Manager

The Morning Vine 🍇

Journalist

- Zepto, an Indian instant delivery startup, has secured $340 million in a Series G round, valuing the company at $5 billion.
- The funding round, co-led by General Catalyst and Mars Growth Capital, brings Zepto's total fresh funding this year to nearly $1 billion.
- Competing with BlinkIt and Swiggy’s Instamart, Zepto is on track to generate over $1.5 billion in annualized sales.
- Quick-commerce services like Zepto are gaining traction in urban India, leveraging strategically located 'dark stores' to fulfill orders within minutes.
- Analysts note that quick-commerce firms in India are outperforming traditional e-commerce giants like Amazon, which has been slow to adapt to changing consumer habits. 

 Source: [Techcrunch](https://techcrunch.com/2024/08/13/zepto-hits-5b-valuation-as-quick-commerce-heats-up-in-india/)

Zepto Raises $340M at $5B Valuation Amidst India's Quick-Commerce Boom

While I'm proud of these two revolutionising the quick commerce space, I somehow have a bad feeling about this

Profits aren't coming, money is flowing
Don't know what the VCs are seeking?
Why bake a a pie that you can't eat later?

Too much money too soon, where have we seen that?

Consultant

Share with your founders and alway ask for equity.

Investor

I have see many lists of places to work at. Let’s create a list of companies not to work at. Please post the company name and the experience of working their.

Top 100 places not to work at!

- Zepto raises $340 million in fresh round led by General Catalyst
- Total fundraise hits $1 billion in two months, valuation reaches $5 billion
- Company plans public market debut in 12-18 months
- Zepto's FY23 revenue jumps 1,335% YoY to Rs 2,024 crore
- Quick commerce market attracts government attention due to potential impact on small retailers 

 Source: [Moneycontrol](https://www.moneycontrol.com/news/business/startup/zepto-raises-1-billion-in-two-months-closes-340-million-round-led-by-general-catalyst-12810088.html)

Drip Capital Secures $113 Mn Amidst Market Challenges

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