Zepto Raises $200 Million at $1.4 Billion Valuation

Zepto is an online grocery delivery startup that has become the go-to choice for thousands of residents seeking a convenient and efficient way to shop for their daily essentials. With its user-friendly mobile app and website, customers can effortlessly browse through a vast selection of groceries from the comfort of their own homes or on the go.  

Zepto has raised $200 million in a Series E round at a valuation of $1.4 billion led by US asset management firm StepStone Group, along with Goodwater Capital. In addition, existing backers such as Nexus, Glade Brook Capital, and Lachy Groom participated in the funding round. This achievement makes Zepto the first Indian unicorn of 2023.  

Zepto, Parel, Maharashtra, India, was founded in 2020 by Aadit Palicha and Kaivalya Vohra. Zepto’s interface ensures a seamless shopping experience, allowing users to add products to their cart, make secure payments, and choose their preferred delivery slot with just a few taps. The company delivers 5000+ products across 10 locations and currently has more than 1000 employees. 

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