Zepto is a quick commerce startup that offers an instant grocery delivery platform for online grocery shopping. The startup announced an additional funding round of $250 million, marking Zepto’s valuation at around $4.6 billion. The round might reach 400 million USD with participation from the firm’s existing investors, including General Catalyst. Moneycontrol reports. The startup may have private equity and sovereign funds investments, including those of the Abu Dhabi Investment Authority, KKR, and Singapore’s GIC. We are disscusing the Instant grocery delivery startup Zepto, valued at $4.6 billion after an additional round of $250 million.
We are disscusing the Instant grocery delivery startup Zepto, valued at $4.6 billion after an additional round of $250 million:
The startup strategically moved to achieve profitability by reducing the time spent on its stores. This additional round caught the interest of investors after the company secured $665 million from its new and existing investors at a valuation of 3.4 billion USD. The valuation of this startup increased by 3.3 times in almost 11 months. The CEO and co-founder of Zepto, Aadit Palicha, told Moneycontrol about the company’s GMV rising to over $1 billion in 2.5 years with an improved bottom line allowing the startup to secure funds quickly. These fresh proceeds will be used to scale up, advance its technologies, and use cutting-edge technologies to compete in the quick commerce sector.
General Catalyst will make its first significant investment in the firm since the US-based Venture Capital company announced the company’s merging with homegrown fund Venture Highway. Last month, General Catalyst announced its plan to invest $500 million to $1 billion in India, and it has already invested in Cred Spinny, Orange Health, and more since then.
The reports mentioned that General Catalysts and other investors might join the new funding round. After this additional round, Zepto will secure $1 billion quickly, surpassing Flipkart’s $950 million funding round in May. The company intends to use this investment to scale up and increase its physical stores and online brand presence. The company also aims to move its base to a public listing in India by the end of 2026. This quick commerce startup competes with other companies, including BigBasket, Swiggy, Instamart, and Blinkit.
Conclusion
Zepto is an instant grocery Delivery Startup that announced an additional funding round of $250 million, making its valuation cross the $4.6 billion mark. The company plans to use this investment to scale up and increase its physical stores and online brand presence. The company also aims to move its base to a public listing in India. This additional round came just after the company secured $665 million from its new and existing investors at a valuation of 3.4 billion USD.
This startup’s valuation increased by 3.3 times in almost 11 months. The company’s GMV increased to more than $1 billion in 2.5 years, with an improved bottom line allowing the startup to secure funds quickly. Last month, General Catalysts announced its plan to invest $500 million to $1 billion in India, and it has already invested in Cred Spinny, Orange Health, and more since then. This VC firm and other investors might join the new funding round.
