Indian quick commerce startup Zepto has raised $340 million in a new funding round led by General Catalyst, along with new investors Dragon Fund and Epiq Capital, bringing its valuation to $5 billion. This follows Zepto's recent $665 million pre-IPO funding round, making its total funds raised over $1 billion in the past two months. The company plans to use the funds to strengthen its balance sheet and prepare for robust growth and an upcoming IPO. Zepto's market share has significantly increased, posing strong competition to giants like Amazon and Walmart-owned Flipkart. The quick commerce sector in India is expanding rapidly, with major players like BigBasket and Flipkart entering the 10-minute delivery segment. Zepto's valuation has seen a dramatic rise from $1.4 billion a year ago to $5 billion today, reflecting strong investor confidence and the sector's growth potential.