Zepto is anticipated to raise $300–350 million in a financing round led by DST Global and Lightspeed, valuing the start-up at $2.5–3 billion

Jun 12, 2024•over 1 year ago

Amount Raised

$325 Million

Indiainformation technology & services

Investors

Nexus Venture PartnersGeneral AtlanticAbu Dhabi Investment Authority (Adia)Lightspeed Venture PartnersDst Global

Description

Zepto's current funding round is anticipated to include participation from DST Global, Lightspeed Venture Partners, Abu Dhabi Investment Authority (ADIA), General Atlantic, and a group of private equity funds. The round, which kicked off in April, has attracted the interest of many bulge-bracket investors.

Company Information

Company

Zepto

Location

India

About

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.

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Funding Insights

Based on industry data

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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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