India, Aug. 12 -- Quick commerce major Zepto is reportedly looking to raise an additional funding of $310 Mn, which will value it at $5 Bn, marking a 40% increase from its previous fundraise just over a month ago.

As per an ET report, this latest round will bring the total funds raised by the firm to nearly $1 Bn across two successive rounds. In June, Zepto raised $665 Mn from a group of investors, more than doubling its valuation to $3.6 Bn from $1.4 Bn in August last year.

Mars Growth Capital, corun by Mitsubishi UFJ Financial Group Inc and Israel's Liquidity Group, is set to participate in the next round, joining US-based General Catalyst and other existing investors, with a term sheet already signed, added the report.

Mars Growth h...