Zepto adds $340 million to basket; valuation at $5 billion ahead of IPO

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Zepto adds $340 million to basket; valuation at $5 billion ahead of IPO - Business Standard

Quick Summary:

Zepto’s gross merchandise value has multiplied year-on-year to reach a base of over $1 billion, and around 75 per cent of the company’s stores are fully Ebitda (earnings before interest, tax, depreciation, and amortisation) positive as of May 2024.

The round saw Lightspeed Venture Partners and Avra join Zepto’s cap table, beside existing investors StepStone Group, Nexus Venture Partners, Glade Brook Capital, Goodwater and Lachy Groom.

Raises $665 million in Series-F funding, doubling valuation to $3.6 billion from $1.