Zepto scores $665mn as funds ride Q-comm wave

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The story "Zepto scores $665mn as funds ride Q-comm wave" was covered 5 days ago by Times of India, a news publisher based in India.

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Times of India 5d ago

Zepto scores $665mn as funds ride Q-comm wave - Times of India

Quick Summary:

Zepto secures $665 million in funding, with a valuation of $3.6 billion, as investor interest in quick commerce grows.

The funding round, led by existing investors Glade Brook Capital, Nexus Venture Partners, and StepStone Group, along with new backers Avenir, Lightspeed, and Avra, will bolster Zepto's balance sheet for a potential IPO in 2025.

Besides, it will work on expanding selection of products on the platform and take its dark store count to 700 from 350 by March 2025."About 75% of our stores are generating profits.