Quick commerce startup Zepto has raised a substantial $340 million in its Series G funding round, catapulting its valuation to $5 billion.
- Funding Breakdown: Zepto attracted $250 million from General Catalyst, $50 million from Mars Growth, with the remaining funds contributed by existing investors.
- Founders: Established in 2021 by Aadit Palicha and Kaivalya Vohra, Zepto has quickly emerged as a leader in quick commerce in India.
- Service Speed: Zepto excels in delivering groceries, electronics, and essentials within 10–20 minutes, distinguishing itself in a competitive market.
- Revenue Growth: Zepto reported a 140% revenue increase year-over-year and now boasts over 50,000 delivery partners, with plans to expand this workforce by more than 5,000 new partners monthly.
- Expansion Plans: The company aims to grow its network of dark stores to over 700 by March 2025 and is set to extend its reach to smaller cities beyond its current major markets of Bengaluru, Delhi, and Mumbai.
With its funding boost, Zepto is well-positioned to enhance its competitive edge and accelerate growth, continuing to reshape the quick commerce industry in India.
