TechCrunch
Zepto hits $5B valuation as quick commerce heats up in India
Zepto has finalized a $340 million round that increases its valuation to $5 billion, up from $3.6 billion in June and $1.4 billion last August, as the startup races to win market share in India’s contested quick commerce market. General Catalyst and Mars Growth Capital are co-leading the Series G round, according to people familiar with the matter. The round gives Zepto — which gives customers access to a range of categories, from grocery to electronics, that they can receive in minutes — a valuation of $4.6 billion pre-money, so about $5 billion following the funding, according to a term sheet seen by TechCrunch.
EMEA Tribune is not involved in this news article, it is taken from our partners and or from the News Agencies. Copyright and Credit go to the News Agencies, email news@emeatribune.com Follow our WhatsApp verified Channel
