Indian quick-commerce platform Zepto raises $340M at $5B valuation, led by General Catalyst.

Indian quick-commerce platform Zepto raises $340M at $5B valuation, led by General Catalyst with new investors Dragon Fund and Epiq Capital joining. Existing investors also increased their stakes. Zepto plans to expand its network of dark stores to 700 by March 2025, as the quick-commerce market size is projected to reach $6B GMV by FY25.