Zepto To Close $340 Mn Fresh Round At $5 Bn Valuation

Zepto has reportedly wrapped up a deal to raise a funding of $340 Mn that will now value the quick commerce major at $5 Bn 👇

While initially Zepto planned to rake in $400 Mn in the current round, but now it has decided to cap the funding at $340 Mn.

Of this amount, $250 Mn will come from General Catalyst, with Mars Growth contributing approximately $50 Mn. The remaining amount will be provided by existing backers.

Earlier it was reported that Zepto was seeking to raise $310 Mn, with General Catalyst expected to invest around $200 Mn, Mars Growth contributing $50 Mn, and the remainder coming from other investors.

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Credit - Inc42 Media