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India’s Grocery Startup Zepto Funding announced on Thursday that it has secured $340 million in a new funding round, just two months after its previous raise. Led by General Catalyst, this round values the three-year-old company at $5 billion, up significantly from $3.6 billion in June. Zepto, which has raised over $1 billion in the span of two months, also saw increased investment from existing backers like StepStone, Lightspeed, DST, and Contrary. Co-founder and CEO Aadit Palicha stated that the funds will be used to bolster the company's balance sheet as it continues to experience strong growth.

India’s Grocery Startup Zepto Funding