Official announcements from Zepto or market analysis reports

Zepto Raises $1 Billion in Two Months, Projects 150% Growth, Valued at $5 Billion

Aug 29, 2024, 06:33 PM

Zepto, a quick commerce startup, has raised $1 billion in funding over the past two months. The latest round of $340 million was led by General Catalyst, with participation from Mars Growth Capital and Epiq Capital. This funding round values the company at $5 billion, up from a $3.6 billion valuation just two months ago. Zepto's CEO, Aadit Palicha, announced that the company is on track to achieve annualized sales of $1.5 billion and anticipates 150% growth in the next 12 months. General Catalyst's investment is its largest in India to date, as the firm believes Zepto is setting a new standard for e-commerce in India and beyond.