Zepto raised $340 million in a Series B funding round led by Lightspeed Venture Partners and General Catalyst to enhance its quick commerce operations.
Zepto raised $340 million in a Series B funding round led by Lightspeed Venture Partners and General Catalyst to enhance its quick commerce operations.
10/04/24, 1:52 AM
Location
indiaMoney raised
$340 million
Round Type
series b
Investors
General Catalyst, Lightspeed Venture Partners
Zepto, a quick commerce startup, secured $340 million in its second mega funding round of the year. The investment was led by prominent investors such as Lightspeed Venture Partners and General Catalyst, signaling strong confidence in the company's growth potential.
Company Info
Location
india
Additional Info
The startup, whose name playfully uses a mathematical term to describe the business, offers a 10-minute grocery delivery service. 19-year-old Palicha said these dark stores, which the startup has set up and owns, are designed and optimized for fast deliveries. Nexus and Y Combinator as well as angel investors Lachy Groom, Neeraj Arora, and Manik Gupta participated in the round, which according to two people familiar with the matter, values Zepto between $200 million and $300 million.