Zepto secures $200 million at a valuation of $900 million

Zepto secures 0 million at a valuation of 0 million

New Delhi: Ten-minute supply platform Zepto on Tuesday stated it has raised $200 million, taking its valuation to round $900 million.

Simply 9 months after launching, Zepto posted a document 800 per cent income progress within the final quarter.

“We maintained an exceptional 88-point NPS (web promoter rating) and 60 per cent `month-1 purchaser retention` at scale. This execution over the previous few months has made it clear to traders that Zepto might be one of many winners in Indian Q-Commerce,” stated Aadit Palicha, Co-Founder and CEO.

The most recent Collection D funding spherical was led by Y Combinator with new investor Kaiser Permanente.

Key present traders like Nexus Enterprise Companions, Glade Brook Capital, and Lachy Groom additionally elevated their investments within the platform.

Zepto now plans to proceed rising sustainably throughout India.

The corporate has a 1,000-strong workforce and plans to rent throughout all features.

Zepto can also be piloting a service to ship espresso, chai and different gadgets in 10 minutes throughout choose areas in Mumbai.

“We`ve turned micro-markets worthwhile and introduced down burn considerably whereas rising to a scale of a whole bunch of hundreds of orders per day,” stated Kaivalya Vohra, Co-founder and CTO.

Palicha and Vohra dropped out of Stanford College to construct Zepto in India.

The platform has thus far raised $360 million from traders in Silicon Valley and India.

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