Zepto, the quick commerce startup that raised $1.35 billion last year, is back in the market to raise funds and is now in advanced stages to raise another $450-500 million in primary capital from existing investors in a fresh round that values the company at $7 billion post-money, Moneycontrol reported on Wednesday.
Separately, JSW Ventures, the venture capital (VC) arm of the Mumbai-based conglomerate JSW Group, is looking to raise Rs 400-450 crore ($52 million) from domestic investors for its third fund, the Economic Times reported.
Zepto in talks to raise up to $500m
Zepto, the quick commerce startup that raised $1.35 billion last year, is back in the market to raise funds and is now in advanced stages to raise another $450-500 million in primary capital from existing investors in a fresh round that values the company at $7 billion post-money, Moneycontrol reported on Wednesday.
The fresh valuation of $7 billion is a 40% increase from $5 billion that Zepto commanded during its fundraise last year.
Existing investors General Catalyst and Avenir Growth will put in a large chunk of the $450-500 million, along with participation from existing investors who will infuse capital on a pro rata basis, the report said.
JSW Ventures targets Rs 450 cr for Fund III
JSW Ventures, the venture capital (VC) arm of the Mumbai-based conglomerate JSW Group, is looking to raise Rs 400-450 crore ($52 million) from domestic investors for its third investment fund, the Economic Times reported.
Its second fund, of Rs 300 crore, was launched in 2020.
JSW Ventures is an early-stage institutional investor focused on tech startups across consumer, healthcare, enterprise, sustainability, agriculture and financial services. Beyond capital, it offers strategic guidance, operational support and access to the broader JSW Group.
