Two Stanford dropouts in their late teens, who have previously collaborated on a number of projects including a ride-hailing commute app for school kids, said on Sunday they have raised $60 million to disrupt India’s overcrowded and highly-competitive grocery delivery market.

The startup, whose name playfully uses a mathematical term to describe the business, offers a 10-minute grocery delivery service. 19-year-old Palicha said these dark stores, which the startup has set up and owns, are designed and optimized for fast deliveries. Nexus and Y Combinator as well as angel investors Lachy Groom, Neeraj Arora, and Manik Gupta participated in the round, which according to two people familiar with the matter, values Zepto between $200 million and $300 million.

India’S Zepto, A 10-Minute Grocery Delivery App Founded By Two 19-Year-Old Stanford Dropouts, Raises $60 Million

India’S Zepto, A 10-Minute Grocery Delivery App Founded By Two 19-Year-Old Stanford Dropouts, Raises $60 Million

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