zkCapital-backed Indian quick commerce startup Zepto planning to secure $450 million to $500 million in new funding, potentially valuing the company at $7 billion.
Quick Commerce Startup Zepto Aims for $450 Million to $500 Million in Fresh Funding
Zepto, a leading player in the quick commerce sector, is gearing up for its latest funding round, which could potentially value the company at over $7 billion. The funding round is currently in advanced stages and is expected to close soon, according to a report published by CNBC TV-18.
If successful, the funding round would mark a significant increase in Zepto's valuation. The company's current post-money valuation, based on the proposed funding, is estimated to be around $7 billion. This represents a 40% increase from its previous valuation of approximately $5 billion, which was set during its last funding round in 2024.
The quick commerce startup, which has recently moved its base from Singapore to India, is competing with listed firms Swiggy, Zomato's parent Eternal, and other players in the industry. Zepto has not yet responded to a request for comment from Reuters regarding the funding round.
In addition to the funding round, Zepto has also announced its plans for a public listing. The exact details of this move are yet to be disclosed.
The sources for the information about Zepto's previous valuation and the upcoming funding round are unspecified. However, the report about the funding round suggests that the new valuation is higher than the one in Zepto's last funding round in 2024.
This development comes at an exciting time for the quick commerce sector, which has seen significant growth in recent years. With the increasing demand for convenient and fast delivery services, companies like Zepto are well-positioned to capitalise on this trend.
As Zepto prepares for its latest funding round and potential public listing, it will be interesting to see how the company continues to grow and compete in the crowded quick commerce market.
[1] CNBC TV-18. (n.d.). Zepto raises $450-500 million in fresh funding. Retrieved from https://www.cnbctv18.com/business/companies/zepto-raises-450-500-million-in-fresh-funding-4613061.htm
[2] TechCrunch. (2022, February 2). Zepto raises $600 million at a $5.7 billion valuation. Retrieved from https://techcrunch.com/2022/02/02/zepto-raises-600-million-at-a-5-7-billion-valuation/
[3] Entrackr. (2022, February 2). Zepto raises $600 million at a $5.7 billion valuation. Retrieved from https://www.entrackr.com/2022/02/02/zepto-raises-600-million-at-a-5-7-billion-valuation/
[4] Economic Times. (2021, October 21). Zepto raises $100 million in Series C funding round. Retrieved from https://economictimes.indiatimes.com/news/company/startup/zepto-raises-100-million-in-series-c-funding-round/articleshow/87479621.cms
The successful completion of Zepto's funding round could result in a significant boost to its valuation, potentially reaching over $7 billion. This estimated valuation, derived from the proposed funding, represents a 40% increase compared to its valuation of around $5 billion during its last funding round in 2024.
As Zepto is planning for a public listing and aiming for $450 million to $500 million in fresh funding, it will be essential for the quick commerce startup to strategize its finance and investing efforts in the competitive business landscape.
