Zepto plans to raise nearly USD 250 million by November-end

BENGALURU: Quick commerce start-up Zepto is planning to raise about $250 million, according to sources. It is said that the funding round will include high-net-worth individuals and family offices, and that the company is looking at a valuation of over $5 billion. Sources added that the start-up will close the funding round by the end of this month.

This funding will help Zepto’s growth as its competitors are investing heavily in expanding their reach. In June this year, Zepto raised $665 million at a $3.6 billion valuation and also the company is ready to go public soon.