Indian startups raised capital to expand and become more successful. Here is this week’s Top Indian Startups Funding Roundup – 18 November – 22 November 2024
Zepto has raised nearly $1.6 billion in just 15 months to prepare for its expected stock market debut next year. This funding comes as competition in the fast-growing quick commerce sector continues to heat up.
Zepto, a quick commerce startup, has effectively raised $340 million in a new funding round, resulting in a valuation of the three-year-old company at $5 billion.
Zepto, a company that specialises in quick commerce, has secured $665 million in its Series F round from a variety of new investors, including Avenir, Lightspeed, and Avra (Anu Hariharan's new fund).
BigBasket, JioMart, Spencer’s, Paytm Mall, Blinkit, Amazon Fresh, Nature’s Basket, Reyfeber, Zepto, Fraazo, SPAR, True Elements, More Retail, FreshToHome, Flipkart, Supermarket, StarQuik, and Patanjali Ayurveda are the Top 20 Best Online Grocery Startups in India.
Zepto, has announced that Nikhil Mittal has been promoted to Chief Technology Officer (CTO). Together with Chief Product Officer Ankit Agarwal, he will be responsible to co-founder Kaivalya Vohra.