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