DST Global, Lightspeed, others may join Zepto’s financing round valuing it at about $3 billion
DST Global and Lightspeed Venture Partners are expected to join the ongoing financing round for Zepto, multiple people in the know said.
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This — and other new entrants — may change the contours of the fundraise for the quick commerce unicorn, which was on track to raise $300-350 million, to be valued at $2.5-3 billion, as reported by ET in its April 2 edition.
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Offering CollegeCourseWebsiteMIT xPROMIT Technology Leadership and InnovationVisitIndian School of BusinessISB Product ManagementVisitIndian School of BusinessProfessional Certificate in Product ManagementVisitA set of private equity funds and Zepto’s existing backers — including Nexus Venture Partners — are also participating in what has emerged as one of the most sought-after deals in the consumer internet segment this year, amid continued stress in late-stage fundraising.
“The round kicked off sometime in April and has since piqued the interest of many bulge-bracket investors,” said a person familiar with the details. “The financing is almost through, and an official announcement could come anytime.”
Another person aware of the matter said, “The round has seen a lot more action in the last week, with the possibility of other external investors joining in… In that case, it will be
