Zepto races to $570 mn valuation, says median delivery time is 8:24 min companies 

Zepto races to $570 mn valuation, says median delivery time is 8:24 min

By Administrator_India Capital Sands Quick commerce platform Zepto, which was launched five months back by two teenage Stanford dropouts, has raised $100 million in its Series C round at a valuation of $570 million. The company said that its last funding round of $60 million was 45 days back and its valuation has doubled since then. Aadit Palicha, CEO and co-founder of Zepto, told Business Standard, “Our median delivery time is 8 minutes 24 seconds and our average order values are 20-30 per cent higher than that of food delivery companies. We are…

Read More
BharatPe to raise $350 million for $2 billion valuation, on path for ‘unicorn’ status Business 

BharatPe to raise $350 million for $2 billion valuation, on path for ‘unicorn’ status

By Administrator_India Capital Sands Tiger Global Management is looking to lead a $350 million round investment in BharatPe for a valuation of over $2 billion, which would make the fintech startup India’s latest unicorn. Tiger Global itself will invest $100 million with participation from exiting investors such as Amplo, Beenext, Insight Partners, Sequoia Capital and Steadview Capital, among others, a person aware of the development. Talks are at an “advanced” stage and the investment round is “expected soon,” . The development comes ahead of the company’s plans with Centrum Group to…

Read More