The development comes almost two months after Paytm E-commerce Private Limited rebranded itself as Pai Platforms and took over Bitsila, which is a Bangalore-based seller-side platform on ONDC.
The Mumbai-based Zepto is eyeing a valuation of around $2.5-3 billion, as against the $1.4 billion it was assigned on turning unicorn last year, sources said. This is a huge bump up amid a largely sluggish funding market even for Zepto which has been growing fast.