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Zepto to secure $300m in new funding: sources
Zepto, a major player in India’s quick commerce sector, is set to secure US$300 million in new funding.
This round includes investments from Indian family offices, actor Amitabh Bachchan, and cricketer Sachin Tendulkar, sources reveal.
The funding aims to bolster Zepto’s position against rivals like Zomato’s Blinkit and Swiggy’s Instamart.
The startup’s monthly operational costs have reached an estimated US$30 million to US$35 million.
This is mainly due to expenses on dark stores and infrastructure.
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