INFOGRAPHIC: Top Asian Startup Funding — Week 47
These are the funding deals we tracked in the Asian region this week – featuring Zepto, HealthKart, Zopper, Vecmocon, and Kratos Gamer Network (KGeN).
- Zepto, a quick-commerce platform based in India, raised $350 million in its funding round to expand its logistics network and prepare for its IPO.
- Gurugram’s HealthKart secured $153 million in a secondary funding round to scale its sports nutrition and health supplement brands.
- Zopper obtained $25 million in Series D to improve its digital infrastructure and bolster its insurance distribution capabilities.
- Vecmocon raised $10 million in Series A to strengthen its R&D efforts in EV systems and expand into Southeast Asia and Africa.
- Bengaluru’s Kratos Gamer Network (KGeN) raised $10 million to expand its Web3 gaming operations into the Middle East.
Zepto Raises $350 Million to Expand Quick-Commerce Operations
India-based Zepto raised $350 million in its latest funding round, led by Motilal Oswal Private Wealth, bringing its total funding for 2024 to $1.35 billion.
Zepto, founded in 2021 and headquartered in Mumbai, operates a quick-commerce platform that delivers groceries and everyday products within 10 minutes. With a network of over 550 dark stores across India, the company processes more than 700,000 orders daily and holds a 29% share in the quick-commerce market.
The fresh capital will be used to expand its logistics network, increase delivery efficiency, and strengthen its product offerings. Additionally, Zepto is preparing for an IPO by 2026 and is relocating its domicile from Singapore to India to facilitate the process.
