Home D2C Zepto secures $665 million funding, reaching a $3.6 billion valuation

Zepto secures $665 million funding, reaching a $3.6 billion valuation

Founded in 2021 by Aadit Palicha and Kaivalya Vohra, Zepto has become one of India’s fastest-growing internet companies

by The Founder
0 comment 47 views

Zepto has raised $665 million at a $3.6 billion valuation in a oversubscribed round – just nine months after the company raised $235 million at a $1.4 billion valuation. Avenir, Lightspeed and Avra (Anu Hariharan’s new fund) joined the company’s cap table as new investors, among others.

The existing investors Glade Brook, Nexus and StepStone co-led the round with Goodwater and Lachy Groom doubling down as well, according to a statement from Zepto.

In terms of business performance, the company’s Gross Merchandise Value (GMV) has multiplied year-on-year to a base of more than $1 billion, and 75 per cent of the company’s stores are fully Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA)-positive (as of May).

Founded in 2021 by Aadit Palicha and Kaivalya Vohra, Zepto has become one of India’s fastest-growing internet companies.

Based in Mumbai, it delivers over 10,000 products, ranging across categories in 10 minutes.

You may also like

Leave a Comment

About Us

We are a dedicated team of passionate entrepreneurs, storytellers and innovators. We understand the drive, ambition and challenges founders face, because we are founders ‘ourselves.’

Feature Posts

Newsletter

Follow Linkedin Newsletter to receive latest news & events updates. Let’s stay updated!

Subscribe on LinkedIn
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
-
00:00
00:00
Update Required Flash plugin
-
00:00
00:00