Zepto has secured $350 million in new funding, its third round of financing in six months, as the Indian quick-commerce startup strengthens its position against its competitors ahead of a planned IPO next year.

Zepto, which competes with Instamart and Blinkit, has been steadily ramping up its dark store operations and categories to woo investors.

Indian quick-commerce start-up Zepto has raised a whopping $350 million in its third funding round in just six months. The massive financial boost comes as part of the company's strategy to bolster its market position against rivals and gear up for a planned IPO next year.

This landmark funding comes at a time when India's economy is accelerating its shift toward domestically driven growth'

BENGALURU: Quick commerce start-up Zepto has raised $350 million in its latest round, which included investments from Indian HNIs, family offices, and leading financial institutions at a flat valuation of $5 billion.

The round was led by Motilal Oswal Private Wealth and also saw participation from investors, including Raamdeo Agarwal, the Taparia Family Office, Mankind Pharma Family Office, RP Sanjiv Goenka Group,