INDIA – Zepto, a Mumbai, India-based grocery delivery company, reportedly raised $200M in Series E funding, at a post-money valuation of $1.4 Billion.
The round was led by StepStone Group, with participation from Goodwater Capital and earlier backers Glade Brook Capital, investor Lachy Groom and Nexus Venture Partners.The company intends to use the funds to expand operations and its business reach.Founded in 2021 by Aadit Palicha and Kaivalya Vohra, Zepto delivers 5000+ products, including fresh fruits and vegetables, daily cooking essentials, dairy, health-and-hygiene products, etc., to Indian homes through tech capabilities, and a network of optimized delivery centers across its 10 locations, and 1000+ employees. The company has also introduced a cafe offering that allows customers to order Coffee, Chai, and other Café items, along with their groceries.28/08/2023
