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Zepto raises $340 million in a new funding round led by General Catalyst, valuing the startup at $5 billion.
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The quick commerce startup has raised over $1 billion in funding in the past two months, with a total funding of $1.6 billion.
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Zepto’s valuation has skyrocketed from $1.4 billion in August 2023 to $5 billion in August 2024, amidst heightened interest in the quick commerce space.
Zepto, a quick commerce startup, has secured $340 million in fresh funding, led by General Catalyst, valuing the company at $5 billion. This funding round comes just weeks after Zepto raised $665 million, making it one of the most funded startups in India. The company’s valuation has grown significantly, from $1.4 billion in August 2023 to $5 billion in August 2024.
Zepto’s success can be attributed to its efficient execution and ability to compete with established rivals in the quick commerce space. The startup’s funding rounds are a testament to the growing interest in the quick commerce sector in India. With this fresh funding, Zepto plans to further expand its operations and strengthen its position in the market.
