Zepto

  The latest funding round was spearheaded by General Catalyst, with new investors Dragon Fund and Epiq Capital joining in. Zepto, the quick commerce unicorn, has secured $340 million (over Rs 2,850 crore) in this follow-on financing round, elevating the Mumbai-based company's valuation to $5 billion, confirms a company official. This fundraising comes shortly after ...

In a letter written to Commerce & Industry Minister Piyush Goyal, FMCG distributors' body AICPDF said this unchecked expansion of quick commerce platforms, which typically deliver goods within 10 to 30 minutes, is creating an "uneven playing field", threatening the livelihoods of millions of small retailers and distributors who have been the backbone of India's ...

Decathlon, known international sports retailer, has taken to quick commerce and will now be available on Zepto. So, if you desire sports accessories, you can procure the same in 10 minutes via Zepto. The announcement was made by top Zepto executives on LinkedIn. Devendra Meel, Chief Business Officer, Zepto said on LinkedIn, “Your favourite sports ...

It rained revenue for quick commerce platforms on the occasion of Rakshabandhan as India ditched exhaustive post-office shopping for quick hassle-free deliveries. Blinkit, which holds about 40% share of the quick commerce market, sold about 700 rakhis every minute. “We’ll cross all-time high orders in a day on blinkit in a couple of minutes. We ...

Quick-commerce grocery delivery platform Zepto is set to raise an additional $310 million, pushing its valuation to $5 billion, a 40 per cent increase from its last funding round just over a month ago, according to a report by The Economic Times. This new round of financing will bring Zepto’s total fundraising to nearly $1 ...