Tag: Zepto

New Delhi, June 21, 2024. Quick-commerce firm Zepto has secured $665 million in its latest funding round, propelling its valuation to $3.6 billion. The funding round saw significant participation from new investors such as Avenir, Lightspeed, and Avra, along with existing backers Glade Brook, Nexus, and StepStone, and additional contributions from Goodwater and Lachy Groom. Founded just in 2021, Zepto had previously achieved unicorn status with a valuation of $1.4 billion after raising $235 million in August 2023. The company has reported robust business metrics, including a substantial year-on-year increase in Gross Merchandise Value (GMV) surpassing $1 billion. Approximately 75% of Zepto’s stores are now fully EBITDA positive, a significant improvement from their earlier prof...

Mumbai, June 03, 2024.  Electric two-and three-wheeler battery swapping network operator Battery Smart said on Monday that it has entered into a partnership with e-grocery and quick commerce service platform Zepto as part of which it will provide delivery partners access to over 1,000 battery-swapping facilities. The tie-up will enable Zepto's two-minute battery swaps across more than 30 cities, besides helping it deploy 10,000 new electric vehicles (EVs) to its fleet in FY25, Battery Smart said. "We have partnered with Zepto to enable greener last-mile deliveries and empower more delivery partners to join the adoption of electric mobility. Zepto's growth over the past year has been remarkable, and now, with access to our growing network of swap stations, we look forward to s...