PE Fund Investments
Quick commerce platform Zepto attracts addl $31-M from Goodwater, Nexus, others
Zepto, the Mumbai-based quick commerce unicorn, has raised USD 31.25 million in a Series E funding round, from Goodwater Capital and Nexus Venture Partners. Mangum II LLC along with angel investors such as Oliver and Lish Jung also participated in the latest round. Zepto's valuation remains unchanged at USD 1.4 Billion after the fresh round, which is on top of the USD 200-million round the company raised in August. With this round, the company has raised a total of USD 625 million. Zepto saw its revenue from operations jump from INR 141 crore in FY22 to INR 2,024 crore in FY23. The company's total expenses increased from INR 533 crore in FY22 to INR 3,350 crore during the fiscal year and losses widened 3X from INR 390 crore in FY22 to INR 1,272 crore in FY23.
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