Zepto Valuation Likely To Reach $5 Bn After $340 Mn Fresh Funding Infusion: Report
Zepto’s valuation will reportedly surge from USD 1.6 billion in August 2023 to a projected USD 5 billion, as per media reports
Zepto, a quick commerce startup, is reportedly close to finalising a deal to raise USD 340 million, which is expected to bring its valuation to USD 5 billion, according to media reports. The funding round is likely to include USD 250 million from General Catalyst, USD 50 million from Mars Growth, and contributions from existing investors, as per media reports.
Although Zepto initially aimed to raise USD 400 million, it is now expected to settle on USD 340 million, with the capital likely to be raised through equity, according to media reports.
Co-founder Aadit Palicha is believed to have likened Zepto’s projected growth trajectory to Amazon’s early days, suggesting the company could potentially achieve a valuation of USD 50-80 billion with successful execution, as per media reports.
When BW Businessworld approached for comments, the company declined and dismissed the reports as mere 'market speculations'.
This anticipated funding round highlights the ongoing investor interest in India’s quick commerce sector, where Zepto competes with Blinkit and Swiggy-Instamart, according to media reports. Zepto’s valuation will reportedly surge from USD 1.6 billion in August 2023 to a projected USD 5 billion, as per media reports.
