CosmicTaco

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

CosmicTaco · 2024-08-14T13:03:36.134679+05:30

- 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, 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

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Zepto valuation jumps to $3.6bln 💰

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