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Quick commerce platform Zepto raised Rs 7.5 crore from Elcid Investment, according to its stock exchange filing.
This investment comes at a time when Zepto is reportedly in talks to raise $500 million at a valuation of $7 billion led by existing backers General Catalyst, Avenir and others.
As per the filing, Elcid Investment is set to acquire 22,55,639 equity shares of Zepto at a price of Rs 33.23 per share, translating to a 0.039%…
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Quick commerce platform Zepto raised Rs 7.5 crore from Elcid Investment, according to its stock exchange filing.
This investment comes at a time when Zepto is reportedly in talks to raise $500 million at a valuation of $7 billion led by existing backers General Catalyst, Avenir and others.
As per the filing, Elcid Investment is set to acquire 22,55,639 equity shares of Zepto at a price of Rs 33.23 per share, translating to a 0.039%…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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