Zepto is a delivery startup that has quickly become the go-to choice for thousands of residents seeking a convenient and efficient way to shop for their everyday essentials. Through its easy-to-use mobile app and website, customers can seamlessly explore a wide range of groceries from the comfort of their homes or while on the move. In addition to its core services, Zepto also offers a subscription-based membership program that provides customers with exclusive perks and benefits, such as free and fast deliveries and discounts on products.
Zepto has raised $350 million at a $5 billion valuation. The new funding round was led by Motilal Oswal's Private Wealth division. The family offices of Mankind Pharma, RP Sanjiv Goenka Group, Haldiram Snacks, and individuals including Indian cricketer Sachin Tendulkar and actor Abhishek Bachchan, also participated in the round.
Zepto, Parel, Maharashtra, India, was founded in 2020 by Aadit Palicha and Kaivalya Vohra. In 2023, the company joined the unicorn club. “When we started this venture, the risk appetite among domestic investors was limited — especially to trust 18-year-olds with their money,” said Aadit Palicha, CEO and co-founder, Zepto. “Today, we are humbled to have reached a place in India’s economic growth where we’ve not only fostered that trust but also spearheaded a fundraise of this magnitude, which will hopefully set a precedent for the startups that follow.”
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