Zepto Raises $340 Mn, Hits $5 Bn Valuation: Quick Commerce Unicorn Defies Funding Winter

Updated : Aug 30, 2024 14:04
|
Editorji News Desk

Dropping out of college...to build a multi-billion-dollar company in three years! That's exactly what Aadit Palicha and Kaivalya Vohra have done with Zepto!

They have just raised $340 million taking Zepto’s valuation to a whopping five billion dollars.

But that’s not it! With the latest top-up, the Stanford dropouts have raised a total of a billion dollars in 2024.

This, in the middle of what experts call ‘a funding winter’ – a time when startups are not getting money easily.

And that's what's taken the valuation of the quick-commerce company from $3.6 billion to $5 billion in 2 months!

What do you think of Zepto’s meteoric rise? Tell us in comments below.

Also Watch: Ace Investor Jim Rogers Sounds Alarm, Expects U.S Markets To See Big Correction Soon

Zepto

Recommended For You

editorji | Business

Parliamentary Panel bats for legal guarantee of MSP to protect farmers' interests

editorji | Business

Bihar fully prepared to create robust business ecosystem, investment safe: Dy CM Samrat Choudhary

editorji | Business

"If they tax us, we tax them...," Trump Signals Tough Trade Stance; Reciprocal Tariffs on India

editorji | Business

Top 5 Losers of NIFTY 50: A Day of Decline for Leading Stocks

editorji | Business

India's renewable energy capacity addition doubled to 15 GW in Apr-Nov: Pralhad Joshi