Zepto’s valuation jumps over 2x to $3.6 billion with $665M funding; eyes IPO

Quick commerce startup Zepto has secured $665 million at a $3.6 billion valuation, nine months after the company raised $235 million at a $1.4 billion valuation, the company announced on Friday. Rival to Zomato’s Blinkit, Swiggy Instamart, and Tata-owned Bigbasket’s BB Now, Zepto raised the latest round from new investors Avenir, Lightspeed, and Avra (Y Combinator Continuity’s former MD Anu Hariharan’s new fund) and existing ones including Glade Brook, Nexus, and StepStone who co-led the round with Goodwater and Lachy Groom.