Zepto Secures $350M Funding Amid India's Retail Upheaval

CosmicTaco · 2024-11-22T09:02:26.709429+05:30

* Zepto, an Indian quick-commerce startup, has raised $350M in its third funding round in six months, maintaining its $5B valuation. * The funding comes as Zepto aims to add more Indian investors, with foreign ownership currently exceeding two-thirds. * Despite the rapid growth of quick-commerce affecting local stores, Zepto plans to go public in India next year. Source: [Techcrunch](https://techcrunch.com/2024/11/21/zepto-raises-another-350-million-amid-retail-upheaval-in-india/)

Zepto, an Indian quick-commerce startup, has raised $350M in its third funding round in six months, maintaining its $5B valuation.
The funding comes as Zepto aims to add more Indian investors, with foreign ownership currently exceeding two-thirds.
Despite the rapid growth of quick-commerce affecting local stores, Zepto plans to go public in India next year.

Source: Techcrunch