Zepto to raise $300 mn, doubling initial target amid quick commerce battle

Quick commerce startup Zepto is set to secure $300 million from domestic investors, doubling its initial target, reported The Economic Times citing sources. This funding boost comes as the company intensifies its competition with rivals Zomato’s Blinkit and recently listed Swiggy’s Instamart.

The funding round, oversubscribed by prominent investors, will include top Indian family offices and ultra-high net worth individuals (ultra-HNIs), signalling strong confidence in the sector.