Zepto, a grocery startup founded by Stanford dropouts, became a $1.4B Indian unicorn with $200M funding.
This instant grocery startup has raised $200 million at a $1.4 billion valuation, a rare Indian unicorn in tough funding climate.
StepStone, Goodwater, and more invest in Zepto's Series E. Aiming profit in 15 months, Zepto plans 2-3 year IPO after $200M funding.
Former Stanford students Aadit Palicha & Kaivalya Vohra left studies as teens to build Zepto. They're India's youngest unicorn founders.
Quick commerce is India's fastest-growing online category. Zepto targets positive EBITDA in 15 months.
Zepto competes with Dunzo, Blinkit, Instamart. Challenges in quick commerce emerge globally as Gopuff, Getir cut jobs.
Global startup funding fell 72% YoY. India saw fewer new unicorns, unlike the previous year. Zepto is an outlier.
Founded in July 2021, Zepto has 220+ dark stores in Indian cities, set to expand. Nexus Venture Partners, Lachy Groom are backers.
Zepto's sales grew 300% YoY, with over $600 million annual revenue. Despite doubts, Zepto envisions emulating Amazon.com's success.