Zepto raises $665 million, valuation jumps

Quick commerce player Zepto has raised $665 million in an investment round that has more than doubled the start-up’s valuation to $3.6 billion.

The investment round, which is the largest in 2024, comes ahead of its expected listing sometime next year. The mobilisation will help the firm take on rivals such as Zomato-owned Blinkit, Swiggy’s Instamart and BigBasket under the Tata umbrella. All the companies are scaling up operations given the swift growth in the segment.