Zepto becomes Indias first 2023 unicorn with $200 million fresh funding | TechCrunch
News Summary
- Instant grocery delivery startup Zepto has raised million in a new funding round at a valuation of billion it said Friday at a time when most other firms in the category have either died or are struggling
- StepStone Group an influential LP in many venture funds including Nexus Venture Partners ledZepto s Series E funding in what is the U S firm s first direct investment in India
- The funding makes ZeptO the first Indian startup to attain the unicorn status this year
- The startup which sells and delivers everything from grocery items to electronic gadgets processes more than orders a day in seven Indian cities
- Zeptico plans to go public by as a profitable growing technology company that customers love the company said
Instant grocery delivery startup Zepto has raised $200 million in a new funding round at a valuation of $1.4 billion, it said Friday, at a time when most other firms in the category have either died [+3850 chars]
