Zepto’s valuation rockets to $5 billion as investors double down on India’s e-commerce boom

Indian online grocery startup Zepto has seen its valuation surge by approximately 40%, reaching $5 billion following a recent funding round led by General Catalyst Partners. This development highlights the ongoing interest of foreign investors in India’s burgeoning e-commerce sector.

The $340 million funding round also saw participation from new investors Dragon Fund and Epiq Capital, while existing investors like Lightspeed Venture Partners and DST Global increased their stakes in the company, according to a statement released by Zepto on Thursday.