Zepto, the Mumbai-based instant grocery delivery startup, is set to raise approximately $650 million in a new financing round. The funding will be sourced from both existing and new investors, including DST Global, Lightspeed Venture Partners, Nexus, and StepStone. This round of investment will value Zepto at $3.5 billion, a significant increase from its previous valuation of $1.4 billion in August 2023. DST Global, which already holds a stake in Swiggy, a competitor of Zepto, is among the key investors. The funding round highlights the resurgence of late-stage deals in the startup ecosystem. Additionally, Yuri Milner’s investment fund DST Global and Lightspeed Growth are also involved in the discussions.
#Zepto to raise $650 million at $3.5-billion valuation https://t.co/qSuoaRcOzX
Zepto set to raise $650 million at $3.5 billion valuation Read: https://t.co/hGsSGcDZhT https://t.co/waLAv4RkGk
🚨 Zepto to raise $650 million from existing and new investors at $3.5-billion valuation https://t.co/iYaaI80AOo by @Goenka_Tushar1 & @chandrarsrikant
Sources: Indian rapid grocery delivery startup Zepto plans to raise ~$650M co-led by Nexus and StepStone at a valuation of $3.5B, up from $1.4B in August 2023 (Moneycontrol) https://t.co/JzpOprMV5i 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/OIKJ8BhFaU
🚨 Instant grocery delivery startup Zepto will raise around $650 million from existing and new investors at a valuation of $3.5 billion @Goenka_Tushar1 & @chandrarsrikant ✍️ https://t.co/QtGmXTGTPF
#MCExclusive 🚨#Zepto will raise around $650 million from existing and new investors at a valuation of $3.5 billion📈 @Goenka_Tushar1 and @chandrarsrikant report👇 https://t.co/Jdp9vRCITv #ECommerce #FundRaising #Startups
💥Boom. Zepto to raise $650 million at $3.5-billion valuation Details of existing and new investors coming in 👇🏻 @Goenka_Tushar1 and I report https://t.co/HAUwZJuadI
DST Global, Lightspeed, others may join #Zepto’s financing round valuing it at about $3 billion https://t.co/Qp0HO3CjWT
Late stage deals are back and how! Zepto likely to raise a mega $ 300-350 Mn round Purplle raises $100 Mn
🚨🚨 #Scoop | Yuri Milner’s DST Global and Lightspeed Venture Partners are expected to join the ongoing financing round for Zepto. The round will value the company at around $3 billion. Read the full story by @samidhas and @digbijaymishra1 https://t.co/HwbMmAZwje https://t.co/BGhqdoOvgO
Now, DST Global and Lightspeed Venture Partners (via global fund) are likely to join Zepto's new funding round which may see other external investors join too taking the current funding size to well over $350 million. More details here. W/@samidhas https://t.co/vGiAnjrl0v https://t.co/Ej7aqUTcqJ
🚨 DST Global and Lightspeed are in advanced discussions to back Zepto 🛵 The quick commerce startup is looking for $300-500 mn 💰 👀 Point to note - DST also holds close to 5% stake in Swiggy, which competes with Zepto https://t.co/1UszMlQn8M
🔥🚨Another big round at Zepto Zepto is in talks with DST Global, and Lightspeed Growth fund for a funding round of $300-$400 million. The Mumbai-based startup is targeting a valuation of $3 billion. https://t.co/rzIiX7xWyF #zepto
🚨💵 Morning #scoop: @ZeptoNow has held talks with Yuri Milner’s investment fund DST Global and venture capital firm Lightspeed for its $300-350 million financing. Let's get into it: 🧵