Zepto In Talks For Another Funding Round Of $310 Mn At $5 Bn Valuation

Zepto is looking to raise an additional $310 Mn, marking a 40% increase from its previous fundraise just over a month ago.
This latest round will bring the total funds raised by Zepto to nearly $1 Bn across two successive rounds.
In June, Zepto raised $665 Mn, more than doubling its valuation to $3.6 Bn from $1.4 Bn in August last year.
Mars Growth Capital and General Catalyst are set to participate in the next round, with Mars Growth investing about $50 Mn and General Catalyst around $200 Mn.
Zepto's valuation has increased more than three-and-a-half times in the past year, driven by rapid growth in demand for quick commerce.

Source: Inc42

4mo ago

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TwirlyDonut

Stealth4mo

This will be a much bigger scam than Byju’s.

SwirlyTaco

PayTM4mo

Why though? Byjus failed to provide service to its customers hence it's fair to label it as scam but what "scam" do you think is Zepto running?

TwirlyDonut

Stealth4mo

There are multiple points to this :

TAM is grossly inflated in the Indian startup ecosystem, I’m ex-Policybazaar and even in 14 years, they haven’t been able to crack Tier-2 and beyond…you’re from PayTm, PayTm mall was focused on low ticket size items focused on Tier-2.
Most Quick commerce companies have an inherent cash cow product of deliveries. How do you scale that, tomorrow if anyone with a bigger purse drops in, they’ll be able to put a squeeze on you.
Yes, they talk about their comparison with Amazon - Amazon has 350 million SKU’s - Amazon’s 20-25% revenue comes from AWS.
Quality control complaints have started dropping in…expired goods being delivered, 10 min is already beyond 18 mins on an average…10 min was their USP.
Not just India, across the globe there are two types of consumers - price conscious, convenience seekers. And looking at India’s GDP per Capita, I don’t have to explain who are bigger in number.

To summarize, till the time they’re burning cash, they’ll keep doing well in terms of GMV.

WobblyKoala

Stealth4mo

10/10 baddie’s startup is funded cus he is pretty

DancingHamster

Stealth4mo

He is well connected.

DizzyLlama

Freelancer4mo

What?? You have a crush on him?

DancingDonut

Stealth4mo

Yeh to 26 June ki news hai na Why is it interesting again?

SleepyMarshmallow

Zomato4mo

This is in ADDITION to that round. Which was already in addition to another round This year they have raised $1Bn from many top investors. Fucking crazy because they don't even use that much capital, this is just them saving up for many years, because people are too excited

GoofyNugget

Walmart4mo

Crazy Zomato guy is commenting for Zepto 😂😂😂

FluffyNugget

Plivo4mo

Flipkart also entered this chat. I am sure there is some opportunity or numbers which are making sense. Their app and dark patterns (free delivery) don’t make sense though. Anyway, let’s give this time.