Zepto to raise $500 million from General Catalyst, Avenir and others in fresh round at $7 billion...

Zepto, the burgeoning quick commerce startup, is poised to secure an impressive $500 million in a fresh funding round led by General Catalyst and Avenir, among other investors. This new infusion of capital comes on the heels of Zepto's staggering $1.35 billion raise last year, underscoring the company's rapid growth and the continued investor confidence in its business model. The startup is reportedly in advanced stages of finalizing this deal, which will significantly bolster its valuation to an estimated $7 billion. The quick commerce sector has been witnessing a surge in demand, driven by consumers' increasing preference for rapid delivery services. Zepto has carved out a substantial niche in this competitive market by leveraging cutting-edge technology and a robust logistics network. This latest investment round is expected to fuel Zepto's expansion plans, allowing it to enhance its operational capabilities and extend its reach to new markets. While the funding landscape for startups remains challenging, Zepto's ability to attract significant investment highlights its strong market position and growth potential. As the company continues to innovate and scale, it aims to set new benchmarks in the quick commerce industry. With this fresh capital, Zepto is well-positioned to capitalize on emerging opportunities and maintain its trajectory of success.

— Authored by Next24 Live