Zepto is on the brink of securing a massive $310 million (around ₹2,602 crore) in funding. Mars Growth, a renowned investment firm, is set to participate in this funding round.
What Happened: Zepto is preparing for another substantial funding round, which is expected to see investments of $310 million at a valuation of $5 billion (around ₹41,981 crore) — a 40% increase from the previous valuation round, Economic Times reported citing sources.
Mars Growth Capital and US-based General Catalyst are expected to invest in the funding round. Mars Growth is expected to invest $50 million (around ₹419 crore) and General Catalyst is said to be investing around $200 million (around ₹1,679 crore).
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This funding is expected to significantly ramp up Zepto’s operations, enabling it to expand its services and cater to a larger customer base. While details about the funding round, including the valuation at which the investment is being made, are yet to be disclosed, this development highlights the growing investor interest in India’s flourishing startup ecosystem.
In June, Zepto had raised $665 million (around ₹5,559.46 crore) in a funding round which put its valuation at $3.6 billion (around ₹ 30,096 crore).
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