Zepto Raises $665 Million, Eyes IPO Amid Rapid Growth
Grocery delivery startup Zepto has raised $665 million in its latest investment round, tripling its valuation to $3.6 billion. The Mumbai-based firm plans to go public soon, leveraging the funds to compete in the hyper-competitive market. Zepto intends to double its warehouse count by March 2025.
- Country:
- India
In a significant financial milestone, Mumbai-based grocery delivery startup Zepto has secured $665 million in an investment round, elevating its valuation to $3.6 billion—a near threefold increase from the previous year. The fresh infusion of capital sets the stage for Zepto's impending public listing.
The financing will bolster Zepto's competitiveness against industry giants such as Amazon, Zomato-owned Blinkit, Swiggy's Instamart, and Tata Group's BigBasket. Founded in 2021 by Aadit Palicha and Kaivalya Vohra, Zepto has rapidly expanded, achieving a gross merchandise value of $1 billion. The firm plans to double its warehouse footprint to 700 by March 2025.
With 75 percent of its 341 dark stores already profitable, Zepto is nearing operating cash flow positivity. The startup's aim is to go public within the next 9-12 months while continuing to innovate across the supply chain and maintaining fiscal discipline amid its rapid growth.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- Zepto
- investment round
- grocery delivery
- startup
- IPO
- valuation
- Amazon
- Blinkit
- Instamart
- expansion
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