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

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 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 ...

• 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 th...

Zepto is in talks in order to raise $310 millions at the valuation of $5 Bn dollars , why they are raising so much money ,Are they really trying to capture the market share in quick eCommerce domain by first come and dictate ideology or...