Following Zepto in the rankings are compliance firm Sprinto and cloud storage management platform Lucidity
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The amounts involved in these deals are said to be substantial for individual investors, though specific figures have not yet been revealed
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India's festive season began with Raksha Bandhan, quick commerce platforms Blinkit, Swiggy Instamart, and Zepto took the lead, hitting record orders and setting new milestones
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Zepto’s valuation will reportedly surge from USD 1.6 billion in August 2023 to a projected USD 5 billion, as per media reports
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The firm has deployed over Rs 6,000 crore from its previous three funds, supporting startups like Zepto, Meesho, BlueStone, and Urban Company
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As the situation develops, no official statements have been issued by Amazon or Swiggy regarding the potential deal
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Zepto currently has over 50,000 delivery partners, adding about 5,000 new partners each month. The company plans to expand its dark store network from 350 stores in 10 cities to 700 by March 2025
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As per media reports, JioMart aims to narrow its delivery time to 30 minutes, starting with the top eight metros and expanding to the top 20-30 cities
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