Indian E-Commerce Unicorn Zepto Raises $360 Million, Bumping Valuation To $5 Billion
Briefly

from Forbes5 months ago
"This is one of our first investments in India following the merger of Venture Highway and General Catalyst. We are thrilled to partner with Zepto, and believe their quick commerce model is setting the standard for the future of e-commerce in India and beyond."
Forbeshttps://www.forbes.com/sites/yessarrosendar/2024/08/30/indian-e-commerce-unicorn-zepto-raises-360-million-bumping-valuation-to-5-billion/
"Strengthening our balance sheet is a strategic move, particularly as the company continues to deliver robust growth and operating leverage," Aadit Palicha, co-founder and CEO at Zepto said in the statement.
Forbeshttps://www.forbes.com/sites/yessarrosendar/2024/08/30/indian-e-commerce-unicorn-zepto-raises-360-million-bumping-valuation-to-5-billion/
"Zepto's extensive network of local fulfillment hubs enables the delivery of the company's diverse catalog of over 10,000 products to customers in just 10 minutes."
Forbeshttps://www.forbes.com/sites/yessarrosendar/2024/08/30/indian-e-commerce-unicorn-zepto-raises-360-million-bumping-valuation-to-5-billion/
"To support this rapid expansion, Zepto plans to double its number of warehouses, known as 'dark stores,' to 700 across India by March 2025."
Forbeshttps://www.forbes.com/sites/yessarrosendar/2024/08/30/indian-e-commerce-unicorn-zepto-raises-360-million-bumping-valuation-to-5-billion/
Read at Forbes
#quick-commerce #funding #e-commerce #india #startup-growth
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