{"id":822228,"date":"2024-06-14T10:18:11","date_gmt":"2024-06-14T04:48:11","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=822228"},"modified":"2024-06-14T10:38:28","modified_gmt":"2024-06-14T05:08:28","slug":"zepto-looks-to-raise-650-million-in-pre-ipo-round","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/06\/14\/zepto-looks-to-raise-650-million-in-pre-ipo-round\/","title":{"rendered":"Zepto looks to raise $650 million in pre-IPO round"},"content":{"rendered":"<p>Quick commerce unicorn Zepto is planning to raise $650 million in a pre-IPO round, co-led by existing investors Nexus Venture Partners and US-based Glade Brook Capital, according to sources familiar with the matter. The new round will give the startup a post-money valuation of $3.5 billion, up from its pre-money valuation of $2.9 billion.<\/p>\n<p>Sources added that existing investors are putting in most of the capital, while new investors such as DST Global, Avra and New York-based Avenir Growth are also participating in this round. The fund will be largely used to expand Zepto\u2019s presence to new cities and penetrate deeper into the existing ones.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quick commerce unicorn Zepto is planning to raise $650 million in a pre-IPO round, co-led by existing investors Nexus Venture Partners and US-based Glade Brook Capital, according to sources familiar with the matter. The new round will give the startup a post-money valuation of $3.5 billion, up from its pre-money valuation of $2.9 billion. Sources added that existing investors are putting in most of the capital, while new investors such as DST Global, Avra and New York-based Avenir Growth are also participating in this round. The fund will be largely used to expand Zepto\u2019s presence to new cities and penetrate [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-822228","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/822228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=822228"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/822228\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=822228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=822228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=822228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}