Zepto, an instant grocery delivery startup, is set to raise $650 million from existing and new investors at a valuation of $3.5 billion. This significant fundraise underscores the high interest in India's booming quick commerce sector
🚨 Zepto To Raise Over $340 Million at Massive $5 Billion Valuation
Raised Around $1 Billion in The Last 60 Days
Valuation Also Skyrocketed From $1.4 Billion in August 2023 To $5 Billion in August 2024
Zepto Secures $665 Million in Largest Funding Round of the Year.
Post-money Valuation: $3.6 B (2x increase since their previous raise)
New Investors added: Avenir, Lightspeed, Avra Cap.
A few key highlights⤵️
- Aiming to double store count to 700,
Zepto is in a very tough situation nowadays. Their main business of instant grocery delivery is fast losing money, their biggest investor Y combinator just stopped growth stage fund YC Continuity. They have to see other investors or IPO but for ipo t
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Vaibhav Babruwan Shingde
Stealth • 4m
As we know Invesco revalued the Swiggy and Pinelabs valuation and As of now PineLabs $3.5 Billion and Swiggy at 12.1 Billion . But due to this cut in valuation, these firms can face these challenges in the future and both firms are backed by Peak XV
Swiggy IPO: Is It Worth It?
• Swiggy 's IPO will open between November 6th and November 8th, aiming to raise 11700 crores at a valuation of $11.3 billion.
• The share price is between 371 and 390 rupees per share.
The offering includes fresh issue
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Applyly
Stealth • 13d
BlackBuck to Launch IPO on Dalal Street this November 13
INTRODUCTION
Flipkart-backed logistics platform BlackBuck to Launch IPO on Dalal Street this November 13.
The company, known for its digital trucking services, aims to raise ₹1,114.72 crore t
Top News of the Day:
1. Ethereal Machines Snags $13 Mn To Help Automate Machineries
2. Trampoline has raised $5 mn in a seed funding round co-led by Matrix Partners India and WaterBridge Ventures.
3. Zepto looking to raise $650 mn funding at a val
Summing Up this Week:
1. Indian startups registered $151 million in VC funding across 23 deals, compared with the $210 million they raised last week.
2. IPO-bound Ola Electric bagged the biggest cheque this week, securing $50 Mn in debt funding fro
Game Changing Growths of India [ PART 1 ]
In 2014, an e-commerce website called Bundl was rebranded as "SWIGGY" to enter the food delivery market and in August 2014.
In 2015, Swiggy recieved $2 million investment from Accel and SAIF Partners with a
BYJU's: India's Ed-Tech Leader with a Twist
BYJU'S, a household name in India, is the country's leading ed-tech company. Founded in 2011, it offers personalized online learning programs for K-12 students and competitive exam prep for aspirants of II