• About us
  • Advertise
  • Contact
  • Nominate
  • Client’s Voice
  • Login
  • Register
📖 Magazine
The Global Economics
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
The Global Economics
No Result
View All Result
Home Non Banking Funds

New grocery startup by teens achieves USD 900 million valuation

Valuation achieved just 9 months after launching the company

Sunil Bolar by Sunil Bolar
May 3, 2022
in Technology, Funds, Top Stories
Reading Time: 2 mins read
0
New grocery startup by teens achieves USD 900 million valuation

New grocery startup by teens achieves USD 900 million valuation

32
SHARES
178
VIEWS
FacebookTwitterRedditWhatsAppLinkedInFacebook

Zepto, a grocery delivery start-up that promises deliveries within 10 minutes, has raised USD200 million in funding, led by Y Combinator. This propels the company’s valuation to almost USD900 million, within 9 months of operations. The grocery delivery startup is now a leader in India’s fast growing quick-commerce segment.

The new funding round came just five months after the company previously raised capital, and saw the participation of new investor Kaiser Permanente. Early investors in the company include Nexus Venture Partners, Silicon Valley investor Lachy Groom and Glade Brook Capital. All these investors have increased their initial investments, according to a statement by the company. Zepto’s total funding now stands at USD360 million.

Zepto, which has been named after the miniscule unit of time, was started by two friends Aadit Palicha and Kaivalya Vohra. Both dropped out of a Stanford University computer science program and returned to India to start their own venture, Zepto, aimed at delivering grocery products within 10 minutes. Both the friends are 19 years old.

Fast grocery delivery a growing market

India boasts a USD1 trillion retail market, which is currently dominated by Amazon.com and Flipkart, both of whom are established players in the market. The startup is rapidly gaining recognition for its 10-minute delivery service for groceries.

The company has achieved an 800 percent growth of revenue quarter-on-quarter, and has reduced its cash burn by five times on a per order basis, according to a statement by Chief Executive Officer, Palicha.

The startup’s team has grown to over one thousand people, and has begun to make profits in micro-markets of dense city neighborhoods served by warehouses or ‘dark stores’ as they are popularly known.

The company is now piloting a service to deliver coffee, tea and other cafe items within 10 minutes in select areas in Mumbai in a new service it has named ‘Zepto Cafe’.

About Zepto

Zepto is one of the fastest growing grocery delivery startups in India today. Just 6 months after launching, the company has raised $160 million from established investors in Silicon Valley and India.

The founders of the startup, Aadit Palicha and Kaivalya Vohra, dropped out of Stanford University to build the company in India. Together, they’ve created an incredibly strong team, with Senior Executives from Uber, Flipkart, Dream11, Pepperfry, and Pharmeasy.

The magic of Zepto is its ability to consistently deliver over 2,500 grocery products in 10 minutes flat. It’s the core of what Zepto does, and the reason why it has been able to grow so fast with tremendous customer appreciation. Zepto’s mission is simple: to make 10-minute delivery the new normal.

Via: short URL
Tags: groceryquick commerceZepto
Sunil Bolar

Sunil Bolar

Sunil is a creative person who combines his love for writing with tech and business.

Related Posts

Indonesia Tightens Monitoring of "High Risks, High Return" China-Funded Projects
Economy

Indonesia Tightens Monitoring of “High Risks, High Return” China-Funded Projects

by The Global Economics
July 16, 2025
Ukraine to Launch Starlink Mobile Internet Via Satellite in 2026
Infrastructure

Ukraine to Launch Starlink Mobile Internet Via Satellite in 2026

by The Global Economics
July 11, 2025
EU-US Talks to Lower US Import Tariffs to Protect the Auto Industry
Transportation

EU-US Talks to Lower US Import Tariffs to Protect the Auto Industry

by The Global Economics
July 10, 2025
Saudi Arabia's PIF Reaches $1 Trillion, Making a Global Milestone
Funds

Saudi Arabia’s PIF Reaches $1 Trillion, Making a Global Milestone

by The Global Economics
July 7, 2025
Colombia Re-votes and Approves Pension Reforms Despite Opposition
Economy

Colombia Re-votes and Approves Pension Reforms Despite Opposition

by The Global Economics
June 30, 2025
Twitter Youtube LinkedIn Soundcloud
the global economics logo

The Global Economics Limited is a UK based financial publication and a Bi-Monthly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

DMCA.com Protection Status

  • Privacy
  • Legal
  • Terms of Use
  • Client’s Voice
  • Server Status

norton verified - the global economics

Latest Posts

LSEG Weighs 24-Hour Trading to Close the Gap with Global Markets

LSEG Weighs 24-Hour Trading to Close the Gap with Global Markets

July 22, 2025
China Plans $167 Billion Mega Dam Project to Reach Its Zero Emission Goal Despite Objections

China Plans $167 Billion Mega Dam Project to Reach Its Zero Emission Goal Despite Objections

July 21, 2025
Hong Kong's Asset Management Hits US$4.5 Trillion Milestone

Hong Kong’s Asset Management Hits US$4.5 Trillion Milestone

July 18, 2025
Download The Global Economics PWA to your mobile or Desktop
PWA App Download
Download The Global Economics Android App to your mobile or Desktop
Android App
Download The Global Economics IOS App to your mobile or Desktop
IOS App

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

Welcome Back!

Sign In with Facebook
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Linked In
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • About us
  • Awards
  • Magazine
  • Client’s Voice
  • Exclusive Coverage
  • Nominate
  • Login
  • Sign Up

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version