Zepto negotiating $300M raise, aiming for $2.5-3B valuation.

Amid the escalating competition in the quick commerce sector and its expansion into ecommerce, Zepto is reportedly engaged in preliminary discussions to secure a minimum of $300 million from global investors, as per sources familiar with the matter. The Mumbai-based startup, leveraging current market multiples, aims for a valuation of at least $2.5-3 billion, contrasting its previous valuation of $1.4 billion when it attained unicorn status last year. Recent investor presentations suggest Zepto is targeting Ebitda positivity by September, boasting an annualized gross sales run-rate of $1.2 billion. While plans for the new fundraising are in early stages, they are anticipated to fortify the company’s balance sheet and provide ample resources to compete against market leaders like Zomato-owned Blinkit and Swiggy Instamart. Furthermore, with Walmart-owned Flipkart preparing to enter the quick commerce arena in two months, Zepto’s potential raise could bolster its competitive stance in the market.