The latest funding round was led by General Catalyst, with new investors Dragon Fund and Epiq Capital. Zepto, a prominent player in the quick commerce industry, has secured an additional USD 340 million in funding, elevating its valuation to USD 5 billion. 

This investment builds on the USD 665 million raised by the company in June, valuing Zepto at USD 3.6 billion.  Existing supporters like StepStone, Lightspeed, DST, and Contrary increased their investments, underscoring strong confidence in Zepto’s growth and potential. 

Aadit Palicha, Zepto’s Co-founder and CEO, emphasized the strategic rationale behind this supplementary funding, noting the opportunity to enlist a prominent investor like Neeraj Arora from General Catalyst. Augmenting the company’s financial position is a strategic move as Zepto continues to exhibit robust growth and operational efficiency. 

Although the recent funding rounds signify significant confidence in Zepto’s performance thus far, Palicha acknowledges that there is still much work to be done to realize the ambition of establishing a world-class internet company in India. 

In a strategic shift, Zepto also intends to relocate its headquarters from Mumbai to Bengaluru by November, though an official announcement has not yet been made.

Neeraj Arora, Managing Director of General Catalyst, expressed his excitement about Zepto’s future, highlighting Aadit and Kaivalya as exceptional founders who have translated their ambitious vision for India’s grocery sector into a company that defines the category. 

According to Arora, this is just the beginning, and General Catalyst is thrilled to collaborate with Zepto as they establish new standards for the future of e-commerce in India and beyond. 

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