Zepto raises another $350M amid retail upheaval in India

Quick Summary:

Zepto has secured $350 million in new funding, its third round of financing in six months, as the Indian quick-commerce startup strengthens its position against its competitors ahead of a planned IPO next year.

Indian family offices, wealthy individuals, and asset manager Motilal Oswal invested in the round, which maintains Zepto’s $5 billion valuation.

The federation warns that without regulatory intervention, more neighborhood stores face closure as quick-commerce platforms prioritize growth over sustainable practices.

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Article Details

Author / Journalist: Manish Singh

Category: StartupsBusiness

Markets: United StatesIndia

Topics: Swiggy Instamart Startups Zepto Quick commerce Blinkit Commerce

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 21:07:20 (5 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 606 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 22 words per sentence (average)

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

Copyright Owner: © TechCrunch

News ID: 23890725

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