Zepto announced the successful closure of approximately $450 million in recent funding, comprising a mix of primary and secondary transactions, with a majority in primary.
Aadit Palicha, CEO & Co-founder, Zepto, shared, “This financing is a reflection of our team’s execution to grow the business rapidly while consistently building operating leverage. We now have approximately $900M of net cash in bank and more than well-capitalised for the future.”
Vivek Subramanian shared, “Zepto scaled order volume 200% over the past 18 months and was still able to consistently turn more and more of their stores profitable even as they invested in growth. That performance, and the $500B+ Indian Grocery opportunity, gave us conviction that Zepto is building a generational consumer internet company.”
