Quick commerce firm Zepto valued at $900 million, gets $200 million
16 October 2024
New investor Kaiser Permanente joined the latest round along with existing backers including Nexus Venture Partners, Glade Brook Capital, and Lachy Groom. The Mumbai-based startup faces intense competition from well-capitalised rivals like Swiggy, Dunzo and BigBasket trying to tap the segment through various delivery timings. Ultra-fast commerce firms have been questioned about their unit economics and high cash-burn, which in some cases has gone up to $10-$15 million per month.
New investor Kaiser Permanente joined the latest round along with existing backers including Nexus Venture Partners, Glade Brook Capital, and Lachy Groom. The Mumbai-based startup faces intense competition from well-capitalised rivals like Swiggy, Dunzo and BigBasket trying to tap the segment through various delivery timings. Ultra-fast commerce firms have been questioned about their unit economics and high cash-burn, which in some cases has gone up to $10-$15 million per month.
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