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Zepto on Its Way to Raise $250 Million

Zepto is a Mumbai-based company which provides 10-minute delivery service for groceries has plans to raise over $250 million in a fresh round.<br>Zepto already had a commitment of about $125 million and is now in conversations to raise another $125 million from new and existing investors.

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Zepto on Its Way to Raise $250 Million

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  1. Zeptoon ItsWayto Raise$250Million ZeptoStartupFundingNews Zepto,a10-minutedeliveryserviceforgroceries,Zeptohasattractedalotofattentionfrombothinvestors.Whilecustomersareimpressedbyitsspeedydeliveryservice,hugeAmericantechinvestorsareoptimisticaboutthecompany'sprospectsforthefuture. ZeptoisaMumbai-basedcompanythathasplanstoraiseover$250millioninafreshround,asperthreesourceswhoareawareofthedeal. OneanonymouspersonfamiliarwiththedetailsofthedealtoldusthatZeptohadalreadycommittedabout$125million,halfoftheroundsizeisinconversationtoraiseanother$125millionfromexistingandnewinvestors. Entrackrhascompleteinformationon11NovemberthatZeptoisseekingtoraiseover100milliondollarsinanewcapitalround,withavaluationintherangeof500million. Accordingtothesources,thetalksarepasttheearlystage,astheconditionsoftheagreementarebeingworkedout.Withtheadditionoffunds,thevalueisexpectedtorise."Thecompanywillbevaluedatabout$1billion(post-money)afterthisround,"accordingtoapersonwhoalsoaskedtoremainanonymous. Alsoread:CREDis Lookingto AcquireHappay

  2. Entrackrcouldn'tidentifythenamesofinvestorswhocouldbepartoftheround.YCombinator,GladeBrookCapital,Nexus,GlobalFoundersCapitalareitscurrentsupporters.Zeptorecentlyraised$60millionwithavalueof$250million.ThequeriesaddressedatZeptoorYCombinatordidn'telicitimmediateresponses.Entrackrcouldn'tidentifythenamesofinvestorswhocouldbepartoftheround.YCombinator,GladeBrookCapital,Nexus,GlobalFoundersCapitalareitscurrentsupporters.Zeptorecentlyraised$60millionwithavalueof$250million.ThequeriesaddressedatZeptoorYCombinatordidn'telicitimmediateresponses. Zeptowillbecomeoneofthefasteststartupstoreachunicornstatusifthedealisapproved.Themarketplaceroll-upsystemMensaBrandsrecentlybecameaunicornwithinsixmonthsfromitsbeginning.ProfessionalnetworkplatformApnaalsoachievedthefeatwithin21months. Youmayalsolike:Pepperfry Receives $10 MillioninDebt Zeptoallowsonlinegroceryordersandcandeliverthegrocerieswithin10minutestosomelocationsinMumbai,Bengaluru,HyderabadandDelhi(NCR).Accordingtothecompany'swebsite,theservicewillsoonbeavailableinKolkataalongwithPune.

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