{"id":850074,"date":"2024-08-30T10:29:38","date_gmt":"2024-08-30T04:59:38","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=850074"},"modified":"2024-08-30T10:39:59","modified_gmt":"2024-08-30T05:09:59","slug":"zepto-secures-another-340-mn-at-5-bn-valuation-as-quick-commerce-booms","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/30\/zepto-secures-another-340-mn-at-5-bn-valuation-as-quick-commerce-booms\/","title":{"rendered":"Zepto secures another $340 mn at $5 bn valuation as quick commerce booms"},"content":{"rendered":"<p>Just two months after raising a pre-IPO funding round of $665 million, quick commerce startup Zepto has secured follow-on financing of $340 million led by US-based venture capital firm General Catalyst, taking its valuation to $5 billion.<\/p>\n<p>New investors Dragon Fund and Epiq Capital joined the round while existing investors StepStone, Lightspeed, DST and Contrary increased their stakes.<\/p>\n<p>The Mumbai-based company has raced its way to bag some of the biggest funding rounds so far this year, as it reshapes India\u2019s e-commerce sector forcing giants including Walmart-backed Flipkart and Tata\u2019s BigBasket to venture into instant deliveries.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Just two months after raising a pre-IPO funding round of $665 million, quick commerce startup Zepto has secured follow-on financing of $340 million led by US-based venture capital firm General Catalyst, taking its valuation to $5 billion. New investors Dragon Fund and Epiq Capital joined the round while existing investors StepStone, Lightspeed, DST and Contrary increased their stakes. The Mumbai-based company has raced its way to bag some of the biggest funding rounds so far this year, as it reshapes India\u2019s e-commerce sector forcing giants including Walmart-backed Flipkart and Tata\u2019s BigBasket to venture into instant deliveries.<\/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":[55,13,4],"tags":[],"class_list":["post-850074","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/850074","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=850074"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/850074\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=850074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=850074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=850074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}