According to media reports, Quick commerce company Zepto has raised an additional USD 31.25 million in funding. Goodwater Capital and Nexus Venture Partners contributed to this funding round.
Angel investors Oliver and Lish Jung and Mangum II also participated. Zepto plans to expand its presence in the top seven cities in India with the funds. The company reported a significant increase in revenue but also wider losses in the previous financial year. Zepto aims to go public by early 2025.
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