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Zepto, one of India’s fastest-growing consumer internet companies, today 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 at 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”
Founded in 2021 by Aadit Palicha and Kaivalya Vohra, Zepto is on a mission to save you time — making every second count towards life's real joys. Our platform has revolutionised rapid commerce in India with cutting-edge technology and strategically optimised delivery hubs. Zepto offers an extensive range of 45,000+ products, from groceries to electronics, beauty essentials, apparels, toys and moreReach
This article was originally published by the Franchiseindia.com. To read the full version, visit here 
