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Zepto secures major funding; shareholder dispute at Kenko Health

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  • Jun 12, 2024
  • 1 min read

Updated: Jun 12, 2024




Zepto's latest funding round has become the most talked-about consumer deal in an otherwise quiet market. New details have emerged about the ongoing discussions. Zepto is in talks with DST Global, Yuri Milner's investment fund, and venture capital firm Lightspeed for a financing round between $300-350 million. Sources indicate that this round, nearing its conclusion, will value Zepto at approximately $3 billion.

The funding initiative began in April and has attracted the interest of several major investors, according to an insider. Initial reports about this funding round were published on April 2, highlighting Zepto’s efforts amid growing competition in the sector.

While DST and Lightspeed are key players in the deal, other new investors may also join, as another insider suggests. This round is being marketed as a pre-IPO opportunity, and Zepto is planning to move its domicile from Singapore back to India, as initially reported on March 20.

Zepto's fundraising occurs during a period of significant expansion and fierce competition from rivals such as Blinkit, owned by Zomato, Swiggy’s Instamart, and BB Now by Tata Digital’s BigBasket. Zomato recently announced a Rs 300 crore investment in its quick commerce unit, and Flipkart is set to launch its quick delivery service next month, making this the most competitive sector in consumer internet, with numerous well-funded players.











 
 
 

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