Zepto raises $665 mn, its valuation nearly triples to $3.6 bn in 1 yr

Zepto has raised $665 million in a primary funding round, co-led by existing investors like Glade Brook, Nexus and StepStone, at a valuation of $3.6 billion. DST Global, an early investor in Zepto-rival Swiggy, was reportedly the single-largest investor in Zepto's current round, investing around $100 million. Zepto was valued at around $1.4 billion in August last year.