CosmicTaco
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Zepto Aims for $7B Valuation with New Funding

  • Zepto is set to raise $400 million at a valuation of $7 billion, with major contributions from Calpers and existing investors.
  • The funding round involves both primary and secondary transactions, with most capital expected from the primary transaction.
  • Despite growth issues, Zepto remains a strong contender in the quick commerce space, with significant capital raised this year.
  • Zepto is focusing on operational efficiency and market share in a competitive market dominated by Blinkit and Swiggy Instamart.
  • The company is exploring new markets, such as medicine delivery, to boost its growth amid slowing expansion and delayed IPO plans.

Source: Inc42

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BouncyPenguin
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