{"id":825051,"date":"2024-06-22T10:44:54","date_gmt":"2024-06-22T05:14:54","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=825051"},"modified":"2024-06-22T11:17:42","modified_gmt":"2024-06-22T05:47:42","slug":"zepto-raises-665-million-funding-at-3-6-billion-valuation-to-take-on-blinkit-swiggy-instamart","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/06\/22\/zepto-raises-665-million-funding-at-3-6-billion-valuation-to-take-on-blinkit-swiggy-instamart\/","title":{"rendered":"Zepto raises $665 million funding at $3.6 billion valuation to take on Blinkit, Swiggy Instamart"},"content":{"rendered":"<p>Zepto has received $665 million in a funding round where the value of the pure-play quick commerce major has more than doubled to $3.6 billion, bolstering its position in India\u2019s red-hot quick commerce sector. <\/p>\n<p>The three-year-old startup expects to double its count of dark stores or warehouses to seven hundred, as it primes for battle with rivals Zomato-owned Blinkit, public markets-bound Swiggy Instamart and BB Now of Tata Digital-owned BigBasket, all of which are also scaling up their operations. These quick delivery upstarts are also taking the battle to established ecommerce platforms \u2014 Flipkart and Amazon \u2014 as they vie to deliver big-ticket items like refrigerators and washing machines.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Zepto has received $665 million in a funding round where the value of the pure-play quick commerce major has more than doubled to $3.6 billion, bolstering its position in India\u2019s red-hot quick commerce sector. The three-year-old startup expects to double its count of dark stores or warehouses to seven hundred, as it primes for battle with rivals Zomato-owned Blinkit, public markets-bound Swiggy Instamart and BB Now of Tata Digital-owned BigBasket, all of which are also scaling up their operations. These quick delivery upstarts are also taking the battle to established ecommerce platforms \u2014 Flipkart and Amazon \u2014 as they vie [&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":[59,4,10],"tags":[],"class_list":["post-825051","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/825051","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=825051"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/825051\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=825051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=825051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=825051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}