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Hyperlocal grocery deliverer Zepto in talks to raise $125-M at $550-M valuation

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On-demand grocery delivery startup Zepto is in talks to raise USD 100-125 million at a valuation of around USD 550 million. Zepto operates in Mumbai, Bengaluru and Gurugram. With the new fundraise, the company plans to expand to over a dozen cities with its dark stores. Zepto had earlier raised USD 60 million in a round led by Glade Brook Capital Nexus, Y Combinator, Global Founders Capital and several angels.