Zepto Secures $340 Million in Funding

Zepto, a three-year-old Indian startup whose online platform delivers groceries and other essentials across various locations in India, confirmed a June report from TechCrunch that it has raised $340 million round at a $5 billion valuation. The deal was led by General Catalyst, with additional participation from Dragon Fund, and Epiq Capital as well as previous investors StepStone, Lightspeed, DST, and Contrary. Investors clearly believe the company's internal growth projections (also courtesy of TechCrunch). Curated from StrictlyVC