जेप्टो 310 मिलियन डॉलर फंड जुटाएगी: इससे कंपनी की वैल्यूएशन 5 बिलियन डॉलर हो जाएगी, 2023 में जेप्टो को यूनिकॉर्न स्टेटस मिला था

Zepto raised $665 million in funding in June at a valuation of $3.6 billion.

Instant grocery delivery app Zepto is preparing to raise an additional $310 million (Rs 2,602 crore) in funding. According to reports, after this fundraising round, the company’s valuation will increase by 40% to $5 billion (Rs 41,978 crore) compared to the last funding round last month.

According to the Economic Times report, this new round of financing will take the total funding of the three-year-old company Zepto to around $1 billion i.e. Rs 8,395 crore in two consecutive rounds. Big investors are expected to participate in the new funding round.

The round may include Mars Growth Capital, which is co-managed by Mitsubishi UFJ Financial Group Inc. Israel’s Liquidity Group as well as US-based General Catalyst and other existing investors are also expected to participate.

General Catalyst will invest $200 million
Mars Growth may invest around $50 million (Rs 420 crore), while General Catalyst may contribute around $200 million (Rs 1,679 crore).

The total size of the funding round could reach $350 million (Rs 2,938 crores) with participation from existing investors and some high-net-worth individuals.

Zepto had raised ₹5,553 crore in June
Earlier in June, Zepto had raised $665 million (Rs 5,553 crore) at a valuation of $3.6 billion (Rs 30,064 crore).

The company got unicorn status in 2023
In August 2023, the company raised funds of $235 million (Rs 1,962 crore), then the company got unicorn status with a valuation of $1.4 billion (Rs 11,691 crore).

Zepto was founded in 2021 by Adit Palicha and Kaivalya Vohra.

DST Global made the highest investment of Rs 10 crore
In its primary funding round in June, Zepto raised funds led by existing investors Glade Brook, Nexus, Stepstone, Goodwater and Lachie Groom. The majority of the investment came from these investors, while the rest came from new investors such as Avenir Growth, Lightspeed, Avera and others.

According to reports, the biggest amount of money among the new investors was invested by DST Global, which is the initial investor in Zepto’s competitor Swiggy. DST Global invested Rs 10 crore.

We will be ready to bring IPO soon: CEO
Zepto CEO Adit Palicha had said that the company has managed to increase its gross merchandise value (GMV) in about two and a half years with sales of $1 billion. This has been the fastest growth for any internet company worldwide. Hopefully, we will be ready to bring IPO soon.

Zepto is growing at a rate of more than 100% annually
According to Palicha’s claim, Zepto is growing at a rate of more than 100% annually. Apart from this, 75% of the company’s market is completely EBITDA positive. Palicha says that if there was no such growth, it would have been very difficult to raise funds.

Mumbai-based startup Zepto will use the money raised in this funding round to enter new markets including Jaipur, Chandigarh and Ahmedabad. Apart from this, this money will be used to expand the market in cities including Mumbai, Delhi and Bangalore, where the company is already present.

The number of stores will cross 700 by March 2025
The company’s target is to increase the number of its dark stores from the current 350 to over 700 by March 2025. Also, the company wants to increase its annual gross sales run rate, which is currently around $1.5 billion. Zepto, one of India’s fastest growing consumer internet companies, was founded in 2021 by Adit Palicha and Kaivalya Vohra.