Zepto’s cash burn crosses ₹250 crore a month on rising costs; closes ₹2,500 crore funding round: Report

Online quick commerce platform Zepto’s cash burn has exceeded over ₹250 crore per month for the last two months amid rising competition in the quick commerce space, reported the news portal Moneycontrol.

Zepto’s rise in cash burn comes amid the company closing an investment round raising ₹2,500 crore of funding from Indian High net-worth individuals as it aims to build a war chest to compete with rivals and gain market share.