Key Points
Amid the intensifying quick commerce battle for supremacy and expansion into ecommerce territory, Zepto is in early stage talks to raise at least $300 million from global investors, two sources briefed on the matter said...
The Mumbai-based upstart, based on current market multiples, would look at a valuation of around $2.5-3 billion at least, compared to its last valuation of $1.4 billion when it turned unicorn last year, people aware of the conversations said.. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisitIIM KozhikodeIIMK Advanced Data Science For ManagersVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisit..
Zepto, according to people who have reviewed its recent investor presentations, is aiming to become Ebitda positive by September..
The new fundraise plans, though in the early stages, will boost the companys balance sheet as well as help create a war chest for the company to take on market leader Zomato-owned Blinkit as well as Swiggy Instamart..
The company seems to have gained more share in some of the top cities in the country, driving the majority of growth in quick commerce, another person aware of the dynamics said.. Zepto has about 340 dark stores and over 200 of them are Ebitda positive, according to a person who has reviewed the financials..
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