Zepto is considering seeking additional funding to secure $250 million

Quick commerce startup Zepto, a unicorn that recently secured $665 million at a $3.6 billion valuation, is expected to pursue another funding round of $250 million due to investor demand. Insiders reported that the upcoming funding round is expected to have a higher valuation of $4.6 billion, with the possibility of raising to $400 million.

Sources have indicated that General Catalyst is expected to become an investor in the upcoming round. Sources indicated that sovereign funds like KKR, Singapore’s GIC, and Abu Dhabi Investment Authority (ADIA) have also expressed interest.

The most recent funding round raised $665 million on June 21, valuing the company at $3.6 billion, more than double the $1.4 billion valuation from the previous $200 million raise in August 2023 led by StepStone Group, a US asset management firm.

Investors are showing interest in Zepto while the industry experiences fewer deals and smaller investment amounts for growth-stage companies.

The existing investors Glade Brook Capital, StepStone Group, and Nexus Venture Partners took the lead in the June 21 funding round, with additional participation from other existing investors Goodwater Capital and Lachy Groom. DST Global, Avenir Growth Capital, Lightspeed Venture Partners, and Avra, among others, also participated in the funding round as new investors.