Zepto has secured $350 million in new funding, its third round of financing in six months, as the Indian quick-commerce startup strengthens its position against its competitors ahead of a planned IPO next year.

Zepto has secured $350 million in its third funding round in six months, cementing its position as a leading player in India’s burgeoning quick-commerce sector. The Mumbai-based startup, which plans to go public next year,

Zepto, which competes with Instamart and Blinkit, has been steadily ramping up its dark store operations and categories to woo investors.

Indian quick-commerce start-up Zepto has raised a whopping $350 million in its third funding round in just six months. The massive financial boost comes as part of the company's strategy to bolster its market position against rivals and gear up for a planned IPO next year.

This landmark funding comes at a time when India's economy is accelerating its shift toward domestically driven growth'

Zepto, which is gearing up for a public market listing next year, had gained its coveted unicorn status a year ago, when it raised $200 million at a valuation of $1.4 billion.