Indian E-Commerce Unicorn Zepto Raises $360 Million, Bumping Valuation To $5 Billion
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August 28, 2024
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Zepto, a quick-commerce company based in Mumbai, has raised $360 million in a new funding round, bringing its valuation to $5 billion. Dragon Fund I, launched in 2021 by Mars Growth Capital (a joint venture between Liquidity and MUFG Bank Ltd.) joined the round as a new investor, alongside U.S. venture capital firm General Catalyst, which led the round, and San Francisco-based Epiq Capital.
