Sources: Indian rapid grocery delivery startup Zepto plans to raise ~$650M co-led by Nexus and StepStone at a valuation of $3.5B, up from $1.4B in August 2023 (Moneycontrol)

Moneycontrol:

Sources: Indian rapid grocery delivery startup Zepto plans to raise ~$650M co-led by Nexus and StepStone at a valuation of $3.5B, up from $1.4B in August 2023  —  Nexus and its LP StepStone will together lead the round by putting in a majority of the total $650 million, sources said.