Zepto to Raise $310M, Valuation Hits $5B

Aug 12, 2024, 04:30 AM

Mumbai-based quick-commerce firm Zepto is set to raise an additional $310 million, elevating its valuation to $5 billion. This represents a 40% increase from its last funding round, which closed just over a month ago. The funding round will include participation from Mars Growth Capital. Zepto's valuation has grown 3.5 times in a year, driven by the rise of rapid delivery services. The company had previously raised $665 million a little over a month ago.