Indian ultra-fast grocery delivery service Zepto has raised $665 million. Series F includes Nexus Venture Partners, StepStone Group, DST Global, Glade Brook Capital, Avenir Growth, Lightspeed Venture Partners and others. It is the first Indian company to become a unicorn in 2023.
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In this round, the startup’s valuation doubled from $1.4 billion to $3.6 billion in less than a year, as the company raised $200 million, Tech Fundung News writes.
Zepto will use the funds received to expand the network of dark stores and warehouses; The company aims to double its number to 700 by March 2025.
Zepto was launched in 2021 by Aadit Palich and Kaivalya Vohra. The service is present in ten cities in India and plans to conduct an initial public offering (IPO) by 2025.
Author:
Karina Pardaeva
Source: RB
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