Reported 14 days ago
Indian quick-commerce startup Zepto has raised $450 million in a funding round led by California Public Employees' Retirement System, bringing its valuation to $7 billion. The investment comes amidst rising competition from established players like Swiggy and BlinkIt and aims to support Zepto’s plans to go public next year. The company has significantly increased its daily order volume, predicting continued growth, even as it faces challenges such as staff shortages in its cafe operations. As the quick commerce market in India shows promising potential, with predictions of significant financial growth in the coming years, Zepto is strategically expanding its presence in major cities.
Source: YAHOO