Zepto raises $665 million funding at $3.6 billion valuation to take on Blinkit, Swiggy Instamart

Zepto has received $665 million in a funding round where the value of the pure-play quick commerce major has more than doubled to $3.6 billion, bolstering its position in India’s red-hot quick commerce sector.

The three-year-old startup expects to double its count of dark stores or warehouses to seven hundred, as it primes for battle with rivals Zomato-owned Blinkit, public markets-bound Swiggy Instamart and BB Now of Tata Digital-owned BigBasket, all of which are also scaling up their operations. These quick delivery upstarts are also taking the battle to established ecommerce platforms — Flipkart and Amazon — as they vie to deliver big-ticket items like refrigerators and washing machines.