Zepto raises $200 mn to expand its 10-minute grocery delivery across India

The firm, which was launched 9 months back by two 19-year-old Stanford dropouts, has raised $200 million Series D fundraise, valuing the quick commerce company at around $900 million

Zepto
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(L-R) Kaivalya Vohra, CTO, Zepto and Aadit Palicha, CEO and Co-founder, Zepto

Peerzada Abrar Bengaluru
Zepto, which was launched 9 months back by two 19-year-old Stanford dropouts, has raised $200 million Series D fundraise, valuing the quick commerce company at around $900 million.  With the capital, Zepto plans to expand 10-minute grocery delivery nationwide and continue growing sustainably. 

Y Combinator Continuity doubled down and led quick commerce Zepto’s Series D, with new investor - Kaiser Permanente - joining in to back the company as well. All key existing investors, including Nexus Venture Partners, Glade Brook Capital, and Lachy Groom, have also increased their investments, marking another vote of confidence in the company’s trajectory.

The capital would also help Zepto compete with players such as Dunzo, Swiggy, Zomato, Amazon and Flipkart, which are also betting big

First Published: May 03 2022 | 02:04 AM IST

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