<p>New Delhi: Quick commerce unicorn Zepto has raised $340 million (over Rs 2,850 crore) in a follow-on financing round led by General Catalyst, putting the Mumbai-based firm's valuation at $5 billion.</p>.<p>The fundraising comes after the three-year-old startup raised $665 million (about Rs 5,560 crore) in June 2024. The funding round valued the firm at $3.6 billion, almost triple its worth a year back.</p>.<p>Zepto co-founder and CEO Aadit Palicha said the rationale behind this follow-on financing was two-fold.</p>.<p>"First, the opportunity to bring on board a lead investor of Neeraj Arora’s calibre from General Catalyst was one we couldn't pass on. Second, strengthening our balance sheet is a strategic move, particularly as the company continues to deliver robust growth and operating leverage," he said.</p>.Zepto to move headquarters to Bengaluru by November.<p>The funding round also saw participation from new investors Dragon Fund and Epiq Capital.</p>.<p>Existing investors StepStone, Lightspeed, DST, and Contrary also increased their stakes, according to a company statement.</p>.<p>Zepto was founded in 2021 by Stanford University dropouts Aadit Palicha and Kaivalya Vohra.</p>
<p>New Delhi: Quick commerce unicorn Zepto has raised $340 million (over Rs 2,850 crore) in a follow-on financing round led by General Catalyst, putting the Mumbai-based firm's valuation at $5 billion.</p>.<p>The fundraising comes after the three-year-old startup raised $665 million (about Rs 5,560 crore) in June 2024. The funding round valued the firm at $3.6 billion, almost triple its worth a year back.</p>.<p>Zepto co-founder and CEO Aadit Palicha said the rationale behind this follow-on financing was two-fold.</p>.<p>"First, the opportunity to bring on board a lead investor of Neeraj Arora’s calibre from General Catalyst was one we couldn't pass on. Second, strengthening our balance sheet is a strategic move, particularly as the company continues to deliver robust growth and operating leverage," he said.</p>.Zepto to move headquarters to Bengaluru by November.<p>The funding round also saw participation from new investors Dragon Fund and Epiq Capital.</p>.<p>Existing investors StepStone, Lightspeed, DST, and Contrary also increased their stakes, according to a company statement.</p>.<p>Zepto was founded in 2021 by Stanford University dropouts Aadit Palicha and Kaivalya Vohra.</p>