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Zepto raises $340 million, mops up $1 billion this year

Times of India LogoTimes of India2d ago

Zepto raises $340 million, mops up $1 billion this year - Times of India

Quick Summary:

Zepto, a quick commerce startup, has raised $340 million led by General Catalyst, valuing the company at $5 billion in 2024.

Following a previous $665 million funding round, Zepto plans to expand into new cities and increase its dark store count from 370 to 700 by March 2025.

Zepto's total fund count so far stands at over $1.5 billion."The rationale behind this follow-on financing was two-fold.


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Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 09:22:22 (2 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 586 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 22303444

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About Times of India

Times of India Logo

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Year Established: 1838

Headquarters: India

News Last Updated: 1 days ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #28

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