Zepto is India's fastest-growing e-grocery company, founded in 2020 by Stanford University dropouts Aadit Palicha and Kaivalya Vohra. Following its recent Series-E fundraise of $200 Million from marquee global investors including StepStone Group, Goodwater Capital, Y Combinator Continuity, Kaiser Permanente, Nexus Venture Partners, Glade Brook Capital, and Lachy Groom, Zepto is now valued at $1.4 Billion. The company is headquartered in Mumbai and operates across 10 major cities in India. With over 1000 employees, Zepto offers a range of 5000+ products delivered to Indian homes within 10 minutes, spanning fresh fruits and vegetables, daily cooking essentials, dairy, and health-and-hygiene products. Zepto's strong tech capabilities, efficient business model, and network of highly optimized delivery centers are revolutionizing the $600 Billion Indian grocery segment, making it more convenient. Additionally, they offer a cafe service allowing customers to order coffee, chai, and other cafe items along with their groceries. The most recent Series F investment of $665.00M came on 21 June 2024 from Goodwater Capital, Lightspeed Venture Partners, DST Global, Nexus Venture Partners, Avemir Growth Capital, StepStone Group, Lachy Groom, Glade Brook Capital Partners, and avra. The company's accelerated growth and innovative approach have positioned it as a major player in the Indian e-commerce, food and beverage, and logistics and delivery industries.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series F | $665.00M | 9 | Lachy Groom, Glade Brook Capital Partners +1 | 21 Jun 2024 |
Series E | $31.25M | 5 | Oliver Jung, Mangum II +1 | 08 Nov 2023 |
Series E | $231.00M | 6 | Lachy Groom, Glade Brook Capital Partners | 25 Aug 2023 |
Series D | $200.00M | 6 | Y Combinator Continuity Fund, Lachy Groom +2 | 02 May 2022 |
Series C | $100.00M | 7 | Y Combinator Continuity Fund, Lachy Groom +1 | 20 Dec 2021 |
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