Zepto has secured $350 million in funding, maintaining its $5 billion valuation, as it aims for an IPO next year, highlighting its rapid growth in India's quick-commerce segment.
The funding round, the largest fully-domestic primary round in India, included investments from high-profile backers like Amitabh Bachchan and Sachin Tendulkar, further strengthening Zepto’s investor base.
Morgan Stanley projects India's quick-commerce market to surpass $6 billion this year, with expectations of reaching $42 billion by 2030, emphasizing significant growth potential in this sector.
Despite operating at lower margins than traditional retail, quick-commerce platforms like Zepto are establishing a 'parallel commerce for convenience-seeking customers' in India, capitalizing on unorganized retail dynamics.
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