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Zepto raises another $350M amid retail upheaval in India
Zepto has secured $350 million in new funding, its third round of financing in six months, as the Indian quick-commerce startup strengthens its position Zepto has secured $350 million in new funding, its third round of financing in six months.
Zepto has secured $350 million in new funding, its third round of financing in six months, as the Indian quick-commerce startup strengthens its position against its competitors ahead of a planned IPO next year. Motilal co-founder Raamdeo Agarwal, family offices of Mankind Pharma, RP-Sanjiv Goenka, Cello, Haldiram, Sekhsaria and Kalyan as well as celebrities Amitabh Bachchan and Sachin Tendulkar are among the backers in the new investment, which is the largest fully-domestic primary round in India. Zepto, which serves a total of more than 7 million orders in over 17 cities daily, is on track to record annualized sales of $2 billion, according to an investor presentation reviewed by TechCrunch.
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