INFOGRAPHIC: Top Asian Startup Funding

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.
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Zopper obtained $25 million in Series D to improve its digital infrastructure and bolster its insurance distribution capabilities.
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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.