New Delhi, June 22: Quick commerce company Zepto on Friday said it has raised USD 665 million (about Rs 5,560 crore) in the latest funding round that valued the firm at USD 3.6 billion, almost triple than its worth a year back.The massive fundraise comes less than a year after the Mumbai-based startup raised USD 235 million at a valuation of USD 1.4 billion.
The funding round saw participation from new investors like Avenir, Lightspeed, and Avra, alongside existing investors Glade Brook, Nexus, and StepStone, Goodwater, and Lachy Groom.
“We’ve gone from 0 to 1 billion-plus in sales, or GMV, in 29 months, that is faster than any other internet company before us… Even on a base of over a billion dollars at this point, we are growing 100 per cent-plus year on year. And that for us is one of the big drivers of this fundraise,” Zepto co-founder and CEO Aadit Palicha said.