Zepto hits $5 billion valuation in latest big India commerce bet

Indian online grocer Zepto’s valuation has risen to $5 billion after a funding round led by General Catalyst Partners, with new investors Dragon Fund and Epiq Capital. Existing backers, including Lightspeed Venture Partners, also increased their stakes. Zepto plans to double its warehouses by March 2025 and is preparing to go public. https://ift.tt/oXiZ8EN