• Aug 14, 2024

AstraZeneca’s Market Cap Soars Past £200 Billion for First Time

(Bloomberg) -- AstraZeneca Plc has become the first British company to be valued at more than £200 billion ($257 billion) after a big bet on cancer drugs helped drive a rally in the shares. Most Read from BloombergBiden Invests $100 Million to Fuel Housing ConstructionIn DNC, Chicago’s Embattled Transit System Faces a High-Profile TestJohannesburg Mayor Quits Amid Infighting, Financial WoesHow Chicago’s Gigantic Merchandise Mart Is Still Thriving as Office SpaceGottheimer Calls for Rail Riders t

  • Aug 14, 2024

Zepto raises $340M at a $5B valuation as India's quick-commerce market heats up

Indian instant delivery startup Zepto has finalized a $340 million round that values it $5 billion, up from $3.6 billion in June and $1.4 billion last August, as the startup races to win market share in India's contested quick-commerce market. General Catalyst and Mars Growth Capital are co-leading the Series G round, which will be closed within a few days, sources familiar with the deal told TechCrunch. The round values Zepto, which delivers everything from grocery to electronics in minutes, at $4.6 billion pre-money, which comes to about $5 billion after the investment, according to a term sheet seen by TechCrunch.