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VCGuy
Believe me, itโs not...ย โขย 1y
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 highlightsโคต๏ธ - Aiming to double store count to 700, currently at 350. - Over 260 are already EBITDA +ve - Time taken to achieve store profitability has reduced from 23 months to ~ 6 months - 140% y-o-y growth with an annualized gross merchandise value of over $1 billion โญ๏ธIn the past 1 year, Zepto has raised $896 M and expects to IPO by 2025. Here's the ref article - https://entrackr.com/2024/06/quick-commerce-zepto-raises-665-mn-at-3-6-bn-valuation/#:~:text=As%20per%20the%20company%2C%20it,players%2C%20BlinkIt%20and%20Swiggy%20Instamart
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